Archer Aviation has partnered with ITA Airways, part of the Lufthansa Group, to build an all-electric air taxi network in major Italian cities using its Midnight aircraft. ITA Airways will coordinate ecosystem partners and customer integration. ITA Airways is the first European carrier in Archer's airline partner network. Archer already pursues commercial plans in the US and UAE. The deal does not change the main hurdle: certification of Midnight, which must be approved before any aircraft can fly commercially. Archer is loss-making, with a loss of $742.5 million, and has diluted shareholders over the past year. Its narrative projects $716.0 million in revenue by 2029.

Archer Aviation, a maker of electric vertical takeoff and landing (eVTOL) aircraft, faces several risks despite Wall Street's optimism. Its stock is down nearly 50% this year, while the average analyst price target is $10.89, roughly $7 above its current price. The company's Midnight aircraft still awaits Federal Aviation Administration certification for full commercial passenger service. Archer is also in a patent dispute with Vertical Aerospace, which countersued on October 6. Archer reported $5 million in second-quarter revenue, against none a year earlier. Its losses grew to $284.2 million, and it often issues shares to fund operations, diluting existing holders. Rivals such as Joby Aviation and EHang are also advancing; EHang has already won approval in China.

Archer Aviation (NYSE: ACHR) has unveiled plans for air taxi networks in Austin, Dallas–Fort Worth and Houston. The company says its all-electric Midnight aircraft could turn 60–90 minute drives into 10–20 minute flights across the Texas Triangle, home to more than 20 million people. The Dallas–Fort Worth network would link major airports to business hubs such as Frisco Station, in partnership with Hillwood. Houston's would connect its airports to downtown and Galveston, while Austin's would link its airports to the helipad at the Circuit of the Americas. Archer plans operations under the White House's eVTOL Integration Pilot Program. It is displaying Midnight at the Formula 1 United States Grand Prix in Austin from October 22 to 25.