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Stock impact report

Joby Aviation and other eVTOL players look to the United Arab Emirates for initial launches [Seeking Alpha]

Joby Aviation, Inc. (JOBY) 
Company Research Source: Seeking Alpha
Joby Aviation ( JOBY ) expects to launch in Dubai before anywhere else and Archer Aviation ( NYSE: ACHR ) plans to operate flights between Abu Dhabi and Dubai, as well as other routes across the UAE. In addition to those two major players, eVTOL upstarts Lilium N.V. ( LILM ), Embraer's ( ERJ ), Eve Air Mobility, and Volocopter GmbH have also signed agreements in the UAE, Saudi Arabia, or both. In an interview with Bloomberg, Joby Aviation ( JOBY ) executive Bonny Simi said the UAE is a bit more advanced in the approach that it is taking than in other jurisdictions and offered more economic support, including the U.S. The company tipped off earlier this year that it was targeting initial operations by 2025 in Dubai. Joby ( JOBY ) has a six-year exclusive agreement to operate its electric air-taxi services and commercial services by early 2026, although the milestone may now be reached as soon as late 2025. Earlier in the week, Joby Aviation ( JOBY ) announced that it would will del Show less Read more
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