Archer To Acquire Los Angeles Airport As Strategic Air Taxi Network Hub and AI Testbed

Archer Aviation announced it signed definitive agreements to acquire control of Hawthorne Airport (Los Angeles) for roughly $126 million in cash to serve as an operational hub for its planned L.A. air taxi network and as a testbed for AI‑powered aviation technologies. The company also disclosed it raised $650 million of new equity capital, bringing total liquidity to over $2 billion, and closed an acquisition of Lilium’s patent portfolio (~300 AAM assets).