Business Development & Market Expansion - Joby delivered its first aircraft to the UAE and successfully tested its air taxi in Dubai, marking a key step towards commercialization [1] - The UAE is seen as a forward-leaning market embracing new technologies, particularly air taxis, to address population growth and traffic challenges [4] - Potential to connect Abu Dhabi to Dubai in 20 minutes, significantly reducing travel time [5] - Joby is partnering with the RTA in Dubai, GCA, DANS, and the DCA in the UAE for in-market testing [3] Regulatory & Certification Progress - A five-way agreement between Australia, New Zealand, the US, Canada, and the UK aims to accelerate the deployment of next-generation aircraft [6] - An executive order supports a similar model to the UAE, potentially accelerating early adoption in the US [7] - The FAA is making record progress on stage four of Joby's certification basis [8] Cost & Operational Efficiency - Electric air taxis have dramatically more compelling operating economics compared to helicopters, with lower maintenance and energy costs [10] - Recharging batteries is significantly less expensive than refueling traditional combustion aircraft [11]