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Investing.com -- Joby Aviation , Inc. (NYSE:JOBY) stock rose 6.75% following the company’s announcement that it has successfully completed a series of piloted, vertical-takeoff-and-landing wingborne flights in Dubai, marking a significant milestone in its commercial market readiness efforts.
The electric air taxi developer delivered its first aircraft to the United Arab Emirates as part of its partnership with Dubai’s Roads and Transport Authority (RTA), the Dubai Civil Aviation Authority, and the UAE General Civil Aviation Authority. This achievement represents a key step in Joby’s three-pronged commercialization strategy encompassing direct operations, aircraft sales, and regional partnerships.
His Excellency Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of Dubai’s RTA, witnessed the inaugural test flights, highlighting Dubai’s commitment to advanced air mobility solutions. The collaboration builds on a 2024 agreement that granted Joby exclusive rights to operate air taxis in Dubai for six years.
"The air taxi will introduce a new premium service for residents and visitors seeking smooth, fast, and safe travel to key destinations across the city," said Al Tayer.
Joby is developing vertiport infrastructure at Dubai International Airport (DXB), Palm Jumeirah, Dubai Marina, and Dubai Downtown, with construction already underway. The company’s aircraft is designed to transport a pilot and up to four passengers at speeds up to 200 mph, promising to reduce travel times significantly. For example, a trip from DXB to Palm Jumeirah is expected to take only 12 minutes compared to a 45-minute car ride.
The company aims to begin carrying its first passengers in 2026, leveraging its experience from nearly two years of hot weather trials at Edwards Air Force Base in the United States and over 40,000 miles of flight testing.
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