Archer Soars after Partnership with Korean Air for eVTOL Aircraft

Shares in Archer Aviation Inc. (ACHR) spiked on Monday, October 20, 2025, following a groundbreaking partnership with Korean Air to commercialize electric vertical takeoff and landing (eVTOL) aircraft in South Korea. The agreement may include an order for up to 100 Midnight aircraft, establishing Korea as a frontrunner in advanced air mobility technologies. This strategic move highlights the intensifying competition among eVTOL developers seeking airline partnerships and regulatory approvals. The deal underscores Archer’s leading position within this rapidly evolving sector.