The futuristic allure of an electric vertical takeoff and landing (eVTOL) taxi service appears closer than ever to reality. Archer Aviation (NYSE: ACHR) has announced that it's received the "Part 135 Air Carrier Operator certificate" from the U.S. Federal Aviation Administration (FAA), allowing it to begin commercial operations.

Don't grab your carry-on just yet, as Archer's "Midnight" eVTOL aircraft is still awaiting a separate certification. Nevertheless, investors should welcome this development, with the company reaffirming 2025 as its target to debut passenger services.

With shares of Archer Aviation currently trading near a 52-week low, every bit of good news can help. So is the stock now cleared for takeoff? Here's what you need to know.

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Source Fool.com