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Stock impact report

Joby Aviation's first production model electric air taxi takes off [Yahoo! Finance]

Joby Aviation, Inc. (JOBY) 
Company Research Source: Yahoo! Finance
March 11 (Reuters) - Joby Aviation said on Wednesday it has started flying its first aircraft ?that will undergo certification testing with federal regulators to ?receive type inspection authorization (TIA), a major milestone toward an aircraft's certification for commercial operations. Pilots ?have begun initial testing of the air taxi at the company's Marina, California-facility, Joby said. The test flights are a precursor to evaluations by U.S. Federal Aviation Administration pilots later this year. Joby has already ?worked with regulators for ?several years to approve the designs, plans and parts used to build the aircraft, which is the ?company's first production model. Joby test pilots have already logged more than 50,000 miles (80,500 km) in the company's developmental aircraft. Joby's air taxi is ?a six-rotor ?electric aircraft capable of vertically ?taking off and landing like ?a helicopter and flying level like an airplane, with room for a pilot and four passengers. T Show less Read more
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