Archer Aviation Inc. (NYSE:ACHR) announced a $10M pre-delivery payment from United Airlines (NASDAQ:UAL) for 100 electric vertical take-off and landing (eVTOL) aircraft.The deposit follows a purchase agreement inked in 2021 and adds to visible interest among airline operators in eVTOL aircraft. Indeed, in July air taxi company Vertical Aerospace (EVTL) reached an agreement with American Airlines Group (AAL) for 50 aircraft.

Source: United Airlines places deposit for 100 flying taxis from Archer Aviation | Seeking Alpha