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Paris Air Show 2025 - Archer Midnight EVTOL
Archer’s Midnight aircraft (Nicolas Economou/Getty Images)

Archer adds Miami to its list of planned US air taxi network hubs

Archer has previously announced its plans for US air taxi networks in Los Angeles and New York City.

Electric aircraft maker Archer Aviation on Wednesday announced Miami as the location of its third planned US air taxi network, joining already-announced future networks in New York City and Los Angeles.

Archer said the goal of the network is to connect population and business centers across the region, including Miami, Fort Lauderdale, Boca Raton, and West Palm Beach, through 10-20 minute flights on its eVTOL vehicles. According to Archer, it will also offer transportation options between the three major airports in the region (MIA, FLL, and PBI).

Archer Aviation Miami map
Archer Aviation plans to launch a Miami air taxi network. (Archer Aviation)

Existing heliports at Hard Rock Stadium, home of the Miami Dolphins, and the Apogee golf club will be “readied for electric operations” to enable air taxis, and vertiports will also be developed in partnership with at least two developers in other areas in the region.

Before any of this can occur, Archer will need to receive FAA certification for its four-passenger Midnight aircraft. The company’s certification in the UAE was recently delayed out of this year, potentially pushing back its US timeline as well.

In the meantime, Archer is bolstering its path to revenue and scooping up real estate. Last month it signed a deal to supply Anduril with its electric flight tech and announced it would purchase Los Angeles’ Hawthorne Airport for $126 million.

In an interview with Sherwood News a few months ago, Archer CEO Adam Goldstein said he expects the company’s defense business to be larger than its commercial air taxi business for at least a decade.

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Netflix is down amid reports it’s leading the Warner Bros. bidding war as Paramount cries foul

Netflix’s charm offensive appears to be working.

Netflix is reportedly emerging as the leader in the bidding war for Warner Bros. Discovery after second-round bids this week, edging out entertainment juggernaut rivals Comcast and Paramount Skydance.

Investors don’t appear psyched by the streaming leader’s turn of fortune: the stock is down on Thursday morning, a day after closing down nearly 5% following reports that scooping up HBO Max wouldn’t necessarily result in a big market share boost.

Paramount, which has reportedly made five bids for Warner Bros. Discovery, doesn’t love the current state of play, either. The company sent WBD a letter questioning the “fairness and adequacy” of the process, highlighting reports that WBD’s board favors Netflix and is resisting Paramount.

Any offer would be subject to regulatory approval — a fact that may have weighed against Netflix’s offer given that cofounder Reed Hastings’ politics are vocally to the left, very much at odds with the current regulatory regime. Paramount seems confident in its ability to get approval, reportedly boosting its breakup fee to $5 billion should its potential acquisition fall apart in the regulatory process.

Investors don’t appear psyched by the streaming leader’s turn of fortune: the stock is down on Thursday morning, a day after closing down nearly 5% following reports that scooping up HBO Max wouldn’t necessarily result in a big market share boost.

Paramount, which has reportedly made five bids for Warner Bros. Discovery, doesn’t love the current state of play, either. The company sent WBD a letter questioning the “fairness and adequacy” of the process, highlighting reports that WBD’s board favors Netflix and is resisting Paramount.

Any offer would be subject to regulatory approval — a fact that may have weighed against Netflix’s offer given that cofounder Reed Hastings’ politics are vocally to the left, very much at odds with the current regulatory regime. Paramount seems confident in its ability to get approval, reportedly boosting its breakup fee to $5 billion should its potential acquisition fall apart in the regulatory process.

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Delta says the government shutdown will cost it $200 million in Q4

The 43-day government shutdown that ended last month will result in a $200 million ding for Delta Air Lines, the airline said in a filing on Wednesday.

That’s about $100,000 per shutdown-related canceled flight. (Delta previously said it canceled more than 2,000 flights due to FAA flight reductions.) When the company reports its fourth-quarter earnings, the shutdown will lop off about $0.25 per share.

Delta initially stayed calm about the shutdown, with CEO Ed Bastian stating in early October that the company was running smoothly and hadn’t seen any impacts at all. One historically long shutdown later, Delta wasn’t able to remain untouched.

The skies have since cleared, though, and Delta’s filing states that booking growth has “returned to initial expectations following a temporary softening in November.”

Delta’s shares were up over 2% as of Wednesday’s market open.

Delta initially stayed calm about the shutdown, with CEO Ed Bastian stating in early October that the company was running smoothly and hadn’t seen any impacts at all. One historically long shutdown later, Delta wasn’t able to remain untouched.

The skies have since cleared, though, and Delta’s filing states that booking growth has “returned to initial expectations following a temporary softening in November.”

Delta’s shares were up over 2% as of Wednesday’s market open.

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