Dubai Sets Sights On Skies With Joby Aviation's All-Electric Air Taxi Service
Portfolio Pulse from Anan Ashraf
Joby Aviation, Inc. (NYSE:JOBY) has partnered with Dubai Road and Transport Authority to launch an all-electric air taxi service in the UAE by early 2026. The service will operate in key locations including Dubai International Airport and Palm Jumeirah. Joby will be the exclusive air taxi operator in Dubai for six years and plans to build four vertiport sites with Skyports. The company's aircraft can transport a pilot and four passengers at speeds up to 200 mph, significantly reducing travel time.
February 12, 2024 | 12:24 pm
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Joby Aviation, Inc. has secured a partnership to launch an all-electric air taxi service in Dubai by 2026, with exclusive operating rights for six years.
The partnership with Dubai Road and Transport Authority marks a significant milestone for Joby Aviation, showcasing its technological advancements and operational capabilities. Being the exclusive operator for six years in a strategic location like Dubai enhances its market position and visibility. This development is likely to be viewed positively by investors, potentially leading to an increase in stock value in the short term.
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