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AEG, Archer Aviation to build downtown L.A. vertiport for air taxis

Partners plan the first vertiport in downtown Los Angeles as part of a multi-year deal making Archer the exclusive air taxi operator at L.A. LIVE, ahead of the 2028 Olympics.

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Sophie Laurent · FX & Rates Desk · 24 Aug 2026 · 18:26 · 1 min read
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AEG, Archer Aviation to build downtown L.A. vertiport for air taxis

AEG and Archer Aviation (NYSE: ACHR) announced plans to develop a vertiport at L.A. LIVE, marking the first such facility announced for downtown Los Angeles. The multi-year partnership designates Archer as the exclusive air taxi provider for the 4-million-square-foot entertainment district owned by AEG, which includes venues such as the Peacock Theater, The Novo, Regal L.A. LIVE cinemas, and the GRAMMY Museum.

The planned vertiport will integrate into Archer’s broader Los Angeles network, adding a downtown location to existing sites at SoFi Stadium, USC, Hollywood Burbank, and the company’s operational hub at Hawthorne Airport. Archer’s electric vertical takeoff and landing aircraft, Midnight, is designed for point-to-point urban travel, with the partnership aiming to cut ground commutes of an hour or more to 10–20-minute flights.

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AEG and Archer have completed an initial feasibility study covering land-use, airspace reviews, power availability, and community impact assessments. The companies are now evaluating operational approaches and guest experience models ahead of further development. The announcement aligns with Archer’s role as the Official Air Taxi Provider of the LA28 Games, with the DTLA Zone set to host 18 sports during the Olympic and Paralympic Games.

Archer displayed its Midnight aircraft at L.A. LIVE on the announcement day, showcasing a Team USA livery. The aircraft remained on public display through Tuesday.

This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
Sophie Laurent
FX & Rates Desk

Sophie covers currency markets and central bank policy across Europe, with a focus on how rate decisions ripple through FX pairs. She has been tracking the ECB's policy path since the start of the current easing cycle.

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