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Japan Airlines' and Sumitomo Corporation's Soracle Announces Agreement Including Intended Purchase of Up to $500M of Electric Aircraft from Archer
Nov 07, 2024•over 1 year ago
Contract Type
agreement
TokyoTravel
Description
Japan Airlines' and Sumitomo Corporation's joint venture company, Soracle, has signed agreements with Archer Aviation Inc. focused on bringing advanced air mobility (AAM) services to Japan. Soracle plans to launch electric air taxi flights in cities constrained by traffic or geographic barriers by using Archer's Midnight aircraft, with a total investment of approximately $500M.
Company Information
Company
Soracle Corporation
Location
Tokyo, Japan
About
Soracle Corporation is a joint venture newly established by Japan Airlines and Sumitomo Corporation, focused on bringing advanced air mobility services to Japan.
Predictive Intelligence
Strategic
ML-powered predictions for Soracle Corporation's next move