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Stock impact report

Joby Flies First Electric Air Taxi Meeting FAA Design Criteria [Yahoo! Finance]

Joby Aviation, Inc. (JOBY) 
Company Research Source: Yahoo! Finance
California-based electric vertical takeoff and landing (eVTOL) air taxi developer Joby Aviation is advancing from testing with developmental models to aircraft that meet FAA design criteria-a critical step as it aims to get agency test pilots in the cockpit later this year. Joby on Wednesday revealed that the company's pilots are now flying its first "FAA-conforming" aircraft, N547JX . "Conforming" means that the model aligns with Joby's agency-approved airworthiness criteria and test plans. In other words, it is representative of the aircraft the company intends to certify and operate. Unlike the prototype models Joby has tested for years, N547JX-powered on for the first time in November-was designed with components and structures that meet design and airworthiness criteria approved by FAA-designated representatives. It is one of five agency-conforming aircraft the company is building. Joby in February said the remaining four are all in production. Joby alongside its internal Show less Read more
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