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0.00548505186089079 -0.00183038438072002 -0.0030506406345333 0.00366076876143982 -0.00303843807199519 -0.00122025625381327 -0.00610128126906659 -0.0109823062843197
Stock impact report

Joby, Saudi Arabia Announce Plans for Deployment of Electric Air Taxi Service

Joby Aviation, Inc. (JOBY) 
Company Research Source: Business Wire
GACA to align with FAA certification standards to develop streamlined regulatory pathways for air taxi service in the KingdomAgreement advances Saudi Kingdom's Vision 2030 goals to modernize economy and infrastructureBuilds on Joby’s agreement with Abdul Latif Jameel to explore delivery of up to 200 of its aircraft in Saudi Arabia SANTA CRUZ, Calif. & RIYADH, Saudi Arabia--(BUSINESS WIRE)--Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, and the General Authority of Civil Aviation (GACA) of the Kingdom of Saudi Arabia today announced plans for the rapid deployment of Joby’s electric air taxi in the Kingdom. A new memorandum of understanding between GACA and Joby will use Federal Aviation Administration (FAA) certification standards as a foundation to create a streamlined approval process for Joby’s aircraft in Saudi Arabia, positioning the Kingdom at the forefront of advanced air mobility. Saudi Arabia joins the U.S., the U. Show less Read more
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