Japan airlines' and sumitomo corporation's joint venture company, soracle, announces agreement including intended purchase of up to $500m of electric aircraft from archer

Santa clara, calif.--(business wire)---- $achr #archer--archer aviation inc. (nyse: achr) and soracle corporation (soracle), a joint venture newly established by japan airlines and sumitomo corporation, signed agreements focused on bringing advanced air mobility (aam) services to japan. soracle plans to launch its aam operation in japan using archer's midnight aircraft, with the goal of offering electric air taxi flights in cities where existing ground transportation is constrained by traffic or geographic barri.
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