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Joby Aviation (NYSE: JOBY) announced a virtual presentation on June 20, 2024, detailing its preparations for launching commercial electric air taxi services.
Executives Bonny Simi and Eric Allison will provide insights into the company's regulatory and operational processes for safe, efficient on-demand air taxi operations.
The event will be accessible via Joby's investor relations website, with a replay available for a period.
Joby Aviation (NYSE:JOBY) has partnered with Mukamalah Aviation, a subsidiary of Saudi Aramco, to introduce electric vertical take-off and landing (eVTOL) aircraft to Saudi Arabia. The agreement contemplates the direct sale of Joby aircraft to Mukamalah, which operates the world's largest fleet of corporate aircraft. The collaboration aims to align with Saudi Arabia's Vision 2030 and net-zero emissions by 2060 goals. Joby’s aircraft, capable of carrying five people at speeds up to 200 mph, offers high-speed, low-noise, and zero-emission travel. This move builds on Joby’s recent milestones, including the first air taxi flight in NYC and the commencement of production in California.
Joby Aviation, Inc. (NYSE: JOBY) reported its First Quarter 2024 results, showcasing positive highlights such as production ramp-up, certification and testing milestones, expanded partnerships with UAE and U.S. Air Force, and a strong financial foundation with $924 million in cash and short-term investments. The company is progressing with the development of electric air taxis for commercial passenger service.
Joby Aviation, Inc. (NYSE: JOBY) has completed its pre-production flight test program and is advancing to the next phase of flight testing, focusing on the preparation for upcoming for-credit flight testing. The program included over 1,500 flights covering more than 33,000 miles in four years, with successful demonstrations of maximum range, speed, and acoustic performance. Joby's aircraft design showcased revolutionary quietness, high speeds, and high altitudes, setting new standards for electric air taxis.
Joby Aviation, Inc. (NYSE: JOBY) expands its manufacturing facility in California, doubling its footprint at Marina Municipal Airport. A second production prototype aircraft has been rolled off the production line. The expansion, funded in part by a $9.8 million California Competes grant, aims to support a production rate of 25 aircraft per year. The new facility will also house pilot training, flight simulation center, and aircraft maintenance facilities.
