Manhattan To JFK Airport In Seven Minutes - Joby Plans To Make It Possible From 2025
Portfolio Pulse from Shivani Kumaresan
Joby Aviation Inc (NYSE:JOBY) successfully conducted the first-ever electric air taxi flight in New York City, demonstrating its eVTOL aircraft's capabilities. The flight took off from Downtown Heliport in Manhattan, showcasing the potential for urban air mobility. Joby, in partnership with Delta Air Lines, Inc. (NYSE:DAL), plans to launch commercial passenger service in New York by 2025, offering a fast and quiet travel option with zero operating emissions. The service aims to reduce travel time from Manhattan to JFK Airport to just seven minutes. JOBY shares saw a premarket increase of 3.48% to $5.65.
November 14, 2023 | 11:55 am
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POSITIVE IMPACT
Delta Air Lines' partnership with Joby Aviation for the anticipated eVTOL air taxi service in New York by 2025 could enhance Delta's service offerings and customer experience, potentially leading to increased interest from investors.
Delta Air Lines' involvement in the innovative eVTOL air taxi service with Joby Aviation is a forward-looking move that could improve its competitive edge and appeal to investors, although the impact is more indirect compared to Joby and hinges on the successful launch and adoption of the service.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Joby Aviation showcased its eVTOL aircraft in NYC, indicating progress towards its 2025 commercial service launch, in partnership with Delta Air Lines. The successful demonstration and the potential to significantly reduce travel times in urban settings could bolster investor confidence.
The successful demonstration of Joby's eVTOL aircraft in an urban environment, coupled with the partnership with Delta Air Lines and the potential market impact of reduced travel times, is likely to have a positive effect on investor sentiment and JOBY's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100