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flag Archer Aviation buys Hawthorne Airport for $126M to launch electric flying taxi service ahead of 2028 Olympics.

flag Archer Aviation has agreed to buy Hawthorne Municipal Airport near LAX for $126 million to transform it into a hub for its electric flying taxi service ahead of the 2028 Olympics. flag The site, three miles from LAX, will serve as a base for testing and operating the company’s Midnight eVTOL aircraft, which can carry four passengers up to 50 miles at 150 mph. flag The airport will also host development of AI-powered air traffic and ground operations systems. flag The acquisition, pending regulatory approval, aims to establish a sustainable urban air mobility network in one of the world’s busiest airspace regions.

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