eVTOL startup Archer Aviation has signed a series of definitive agreements to acquire control of  Los Angeles Hawthorne Airport for $126M in cash. The regional airport is located in the heart of L.A., sits on an 80-acre site and includes approximately 190,000 square feet of terminal, office and hangar facilities.

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Archer plans for the airport to serve as its operational hub for its planned L.A. air taxi network operations, including serving a key role in the LA28 Olympics Games. The company also plans to utilise the airport as an innovation testbed for its technology.

Archer has had expessions of interest in its Midnight vehicle from airlines including JAL, Korean Air and United Airlines.

Hawthorne Airport was built in the 1920s and once helped shape Southern California’s aerospace legacy and is also known as Jack Northrop Field. It is located just a few miles away from LAX.