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Joby Hits Major Milestone With First Dual-Aircraft Flight
ZACKSยท 2025-05-13 15:45
Core Insights - Joby Aviation has achieved a significant milestone by successfully flying two electric air taxis simultaneously, marking a key advancement in its flight-testing program [1][2] - The company is preparing for commercial operations with plans to launch passenger services in Los Angeles and New York City, alongside international expansion efforts [3][4] Flight Testing and Certification - Joby has completed over 40,000 miles of test flights and is ramping up efforts to secure FAA certification [2][4] - The company has a growing test fleet of six aircraft, with ongoing collaborations with U.S. defense agencies [4] Market Performance - Joby shares have increased by 30.1% over the past year, outperforming the Transportation - Airline industry's growth of 5.6% [5] - The company currently holds a Zacks Rank of 3 (Hold) [6] Strategic Partnerships and Expansion - Joby has formed strategic partnerships with Virgin Atlantic and ANA Holdings, with plans to start operations in Dubai by early 2026 [3]