Joby Aviation is an innovative aerospace company focused on revolutionizing air transportation through the development of electric vertical takeoff and landing (eVTOL) aircraft. The company designs and manufactures aircraft that aim to provide fast, efficient, and eco-friendly urban air mobility solutions. With its emphasis on sustainability, Joby leverages advanced electric propulsion technology to minimize noise and emissions, making its aircraft suitable for use in urban environments. By working towards the certification and commercialization of its eVTOLs, Joby Aviation seeks to create a new mode of transport that enhances connectivity and mobility in crowded metropolitan areas. Read More
Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced it is preparing for final assembly of its first conforming aircraft intended for Type Inspection Authorization (TIA) flight tests. TIA flight testing of a conforming aircraft is a convergence of three critical initiatives within Joby that are aligned with the Federal Aviation Administration (FAA) standards: 1) relevant test plan approvals, 2) a design that meets FAA standards, and 3) the ability to manufacture the conforming design. Having successfully progressed all three ahead of assembly, including FAA acceptance of more than half of the Company’s test plans, this milestone continues to move Joby into the final stage of FAA certification and closer to commercializing its electric air taxi.
Blade Air Mobility reported second-quarter revenue of $70.8 million, beating analyst estimates of $64.08 million, according to Benzinga Pro. The company reported a second-quarter loss of 5 cents per share, missing estimates for a loss of 4 cents per share.
ANA Holdings (ANA HD) and Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced a significant expansion of their relationship to bring electric air taxi service to Japan. Under new terms, the two companies intend to establish a joint venture and plan to deploy more than 100 Joby aircraft within a new air taxi ecosystem across Japan. Starting in Tokyo, ANA HD and Joby are targeting a phased rollout in the coming years. The expanded partnership is intended to accelerate the bold, shared vision of the two companies to transform urban mobility in the region.
In a landmark deal signaling rapid consolidation and innovation within the electric vertical take-off and landing (eVTOL) industry, Joby Aviation, Inc. (NYSE: JOBY) has announced the acquisition of the passenger division of Blade Air Mobility, Inc. (NASDAQ: BLDE) for up to $125 million .
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