Joby Aviation Signs MoU With Mukamalah Aviation To Introduce Aircraft To Saudi Arabia
Portfolio Pulse from Benzinga Newsdesk
Joby Aviation has signed a Memorandum of Understanding (MoU) with Mukamalah Aviation, a subsidiary of Saudi Aramco, to introduce eVTOL aircraft to Saudi Arabia. The agreement includes the potential direct sale of aircraft to Mukamalah, which operates the world's largest fleet of corporate aircraft.
May 21, 2024 | 12:51 pm
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Joby Aviation has entered into a significant partnership with Mukamalah Aviation, a subsidiary of Saudi Aramco, to introduce eVTOL aircraft to Saudi Arabia. This agreement includes the potential for direct sales of aircraft to Mukamalah.
The partnership with Mukamalah Aviation, a subsidiary of Saudi Aramco, is a significant step for Joby Aviation in expanding its market reach. The potential for direct sales of eVTOL aircraft to Mukamalah, which operates the world's largest fleet of corporate aircraft, could lead to substantial revenue growth and market validation for Joby's technology.
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