United Airlines Invests in Electric Aircraft Company

In a press release, United Airlines announced on Wednesday it has finalized an agreement to work with air mobility company Archer in an effort to invest in emerging technologies that reduce air travel’s carbon emissions. Archer is currently developing aircraft that take off and land vertically, relying on electric motors rather than combustion engines, and is referred to internally as Electric Vertical Takeoff and Landing (eVTOL). The aircraft have significant potential for use in air taxi services in urban markets.…