An air taxi company hoping to transform travel in time for the 2028 Olympic Games in Los Angeles is poised to purchase a local airport. Archer Aviation, based in San Jose, signed agreements to buy the Hawthorne Municipal Airport in a $126 million all-cash deal, L.A. Business First reported. The airport at 12101 Crenshaw Boulevard is on an 80-acre property with 190,000 square feet of airport, office and hangar space. It was previously owned by the City of Hawthorne, which has used it as an aviation reliever airport. The price amounts to $663 per square foot. Archer plans to base […]
This article originally appeared on The Real Deal. Click here to read the full story.
Powered by WPeMatico