Event JSON
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"https://finance.yahoo.com/news/jal-sumitomo-jv-secures-place-134031722.html"
],
[
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"JAL-Sumitomo JV secures right to place order for up to 100 Archer air-taxis"
],
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"Archer Aviation, a company developing electric air-taxis, has announced a potential $500 million order from a joint venture between Japan Airlines and Sumitomo Corp. The order is conditional on Archer achieving certain milestones ahead of aircraft delivery. This news comes as the air-taxi industry faces funding, technology, infrastructure, and regulatory hurdles. Archer's CEO, Adam Goldstein, expressed concerns about the impact of Lilium's insolvency on the industry, but remains optimistic about his company's prospects."
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