Joby Applies to Become First Certified Electric Air Taxi Operator in UAE
September 10 2024 - 6:00AM
Business Wire
Joby Aviation, Inc. (NYSE:JOBY), a company developing electric
air taxis for commercial passenger service, today announced it has
taken the first step towards becoming a certified air taxi operator
in the United Arab Emirates.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240910283299/en/
JoeBen Bevirt, Founder and CEO of Joby,
presents the company’s Letter of Intent to initiate Joby’s Air
Operator Certificate application to His Excellency Saif Mohammed Al
Suwaidi, Director General of the UAE General Civil Aviation
Authority. Christina Esteban Photography
During the International Civil Aviation Organization’s inaugural
Advanced Air Mobility Summit, taking place in Montreal, Canada this
week, JoeBen Bevirt, founder and CEO of Joby Aviation, met with His
Excellency Saif Mohammed Al Suwaidi, Director General of the UAE
General Civil Aviation Authority (GCAA), and presented Joby’s
Letter of Intent to initiate Joby’s Air Operator Certificate
application.
In February 2024, Joby signed a definitive agreement with
Dubai’s Road and Transport Authority (RTA) to launch air taxi
services in the Emirate of Dubai, positioning the city as a world
leader in the next generation of fast, clean and quiet air
mobility.
In April 2024, Joby expanded its partnership with the UAE
through a multilateral Memorandum of Understanding (MoU) with the
Department of Municipalities and Transport – Abu Dhabi (DMT), the
Abu Dhabi Department of Economic Development (DED) and the
Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi),
paving the way for Joby to establish and scale air taxi services in
Abu Dhabi and beyond.
Bevirt commented: “There is incredible momentum behind the
adoption of clean flight across the UAE, and we’re excited to be
working with a wide range of partners, including the GCAA, to lay
the groundwork for one of the world’s first electric air taxi
networks, delivering fast, clean and quiet journeys using our
revolutionary aircraft.”
H.E Saif Al Suwaidi said: “The Letter of Intent for the operator
certificate application from Joby Aviation marks a significant
milestone in the UAE’s journey towards becoming a global leader in
EVTOL operations. Our readiness to support these advanced
technologies underscores our commitment to fostering advanced air
mobility solutions that will be part of the future of
transportation in the UAE and beyond. We are excited to work
closely with Joby Aviation to ensure the highest standards of
safety and efficiency as we advance towards the realization of
commercial EVTOL operations in our skies.”
Issued by the GCAA, the Air Operator Certificate is required to
operate commercial air transport in the UAE. Joby will follow a
five-stage application process that will see the Company develop a
full complement of air taxi operating manuals, undergo inspections
of its UAE-based facilities, and complete GCAA observation of pilot
and aircraft mechanic training as well as flight operations.
Joby completed a similar process to receive its U.S. Part 135
Air Carrier Certificate from the Federal Aviation Administration in
May 2022 and has operated traditional aircraft in the U.S. for more
than two years, refining aspects of the Company’s intended air taxi
operations while using its proprietary ElevateOS software
system.
Joby’s electric air taxi is designed to carry a pilot and four
passengers at speeds of up to 200 miles per hour, with a journey
from Dubai International Airport to Palm Jumeirah, which typically
takes 45 minutes by car, expected to take just 10 minutes.
About Joby
Joby Aviation, Inc. (NYSE:JOBY) is a California-based
transportation company developing an all-electric, vertical
take-off and landing air taxi which it intends to operate as part
of a fast, quiet, and convenient service in cities around the
world. To learn more, visit www.jobyaviation.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including but not limited
to, statements regarding the development and performance of our
aircraft, the growth of our manufacturing capabilities, our
regulatory outlook, progress and timing; our business plan,
objectives, goals and market opportunity; our expectations related
to certification and operation of our aircraft in the United Arab
Emirates, including routes and timing; and our current expectations
relating to our business, financial condition, results of
operations, prospects, capital needs and growth of our operations,
including the expected benefits of our vertically-integrated
business model. You can identify forward-looking statements by the
fact that they do not relate strictly to historical or current
facts. These statements may include words such as “anticipate”,
“estimate”, “expect”, “project”, “plan”, “intend”, “believe”,
“may”, “will”, “should”, “can have”, “likely” and other words and
terms of similar meaning in connection with any discussion of the
timing or nature of future operating or financial performance or
other events. All forward looking statements are subject to risks
and uncertainties that may cause actual results to differ
materially, including: our ability to launch our air taxi service
and the growth of the urban air mobility market generally; our
ability to produce aircraft that meet our performance expectations
in the volumes and on the timelines that we project; complexities
related to obtaining certification and operating in foreign
markets; the competitive environment in which we operate; our
future capital needs; our ability to adequately protect and enforce
our intellectual property rights; our ability to effectively
respond to evolving regulations and standards relating to our
aircraft; our reliance on third-party suppliers and service
partners; uncertainties related to our estimates of the size of the
market for our service and future revenue opportunities; and other
important factors discussed in the section titled “Risk Factors” in
our Annual Report on Form 10-K, filed with the Securities and
Exchange Commission (the “SEC”) on February 27, 2024, and in future
filings and other reports we file with or furnish to the SEC. Any
such forward-looking statements represent management’s estimates
and beliefs as of the date of this release. While we may elect to
update such forward-looking statements at some point in the future,
we disclaim any obligation to do so, even if subsequent events
cause our views to change.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240910283299/en/
Joby Aviation Investors: investors@jobyaviation.com
Media: press@jobyaviation.com
Joby Aviation (NYSE:JOBY)
Historical Stock Chart
From Aug 2024 to Sep 2024
Joby Aviation (NYSE:JOBY)
Historical Stock Chart
From Sep 2023 to Sep 2024