ELECTRIC AIR TAXI COMPANY ARCHER PLANS $118M GEORGIA FACTORY

A California company seeking to build small electric aircraft says it will invest $118 million to construct a plant near Atlanta, eventually hiring up to 1,000 people.

Archer Aviation, based in Santa Clara, California, said Monday that it would seek to build its aircraft adjoining an airport in Covington, Georgia.

Archer is one of many companies trying to build electric air taxis. Archer’s plan involves a batterypowered vertical takeoffand landing craft with six propellers, holding four passengers and a pilot. The propellers would pivot allowing the aircraft to take offand land like a helicopter and fly like a plane.

The idea is that such craft could be used for short flights, especially in urban areas. United Airlines last week said it would fly the craft from downtown Manhattan to United’s hub at Newark Liberty International Airport in New Jersey, cutting a trip that can take an hour by car in congested traffic to 10 minutes.

United earlier put down a $10 million deposit to buy 100 aircraft from Archer for $1 billion. United later put down a $15 million deposit for 200 aircraft from another company.