Joby Aviation Moves Closer To Electric Air Taxi Service, Receives FAA Certification For Maintenance
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Joby Aviation, Inc. (NYSE:JOBY) has received the Part 145 Repair Station Certificate from the FAA, enabling it to perform select maintenance activities on aircraft. This certification is a significant step towards commercializing its electric air taxi service. Joby is the first eVTOL developer to receive such certification from the FAA, which also allows it to offer maintenance, repair, and overhaul (MRO) services for its eVTOL aircraft once certified for commercial operations. The company plans to announce its Q4 and full year 2023 financial results on February 21, 2024. JOBY shares closed lower by 3.42% at $5.65.
February 08, 2024 | 1:13 pm
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Joby Aviation received the FAA Part 145 Repair Station Certificate, marking progress towards its electric air taxi service launch. This certification allows for maintenance activities on aircraft, essential for commercial operations. The company is set to announce its financial results soon.
Receiving the FAA Part 145 Repair Station Certificate is a critical regulatory milestone for Joby Aviation, indicating progress towards commercializing its electric air taxi service. This achievement not only enhances the company's credibility but also potentially boosts investor confidence, especially as it precedes the announcement of financial results. However, the recent dip in share price suggests market reactions may vary short term.
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