Joby Marks Production Launch, Receives Permit To Fly First Aircraft Built On Production Line
Portfolio Pulse from Happy Mohamed
Joby Aviation, Inc. (NYSE:JOBY) has received a Special Airworthiness Certificate for the first aircraft built at its Pilot Production Line in Marina, California, allowing flight testing to begin. The aircraft is expected to be the first ever eVTOL aircraft to be delivered to a customer. The production line and aircraft were built in collaboration with strategic partner and investor, Toyota. Joby plans to begin commercial passenger operations in 2025 and recently partnered with Delta Air Lines for seamless, emissions-free travel for Delta customers.
June 28, 2023 | 12:10 pm
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Joby Aviation has received a Special Airworthiness Certificate for its first aircraft, marking a significant step towards commercial operations. This could potentially boost investor confidence in the company's progress.
The receipt of the Special Airworthiness Certificate is a significant milestone for Joby Aviation, indicating that the company is making progress towards its goal of commercial operations. This could potentially boost investor confidence in the company's ability to deliver on its promises, which could have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100