Passengers will be able to ride in helicopters and air taxis to/from Navi Mumbai airport.The Adani group plans to develop a heliport and vertiport at Navi Mumbai for connectivity with other parts of Mumbai and Pune. This will be independent of the Navi Mumbai airport and will not impact flight operations there, Adani group’s director (airports) Jeet Adani said told media persons.It is learnt the Adani group has sought around 2 hectare plot from City and Industrial Development Corporation (CIDCO) for develop ...

Archer Aviation’s battery powered air taxis aren’t likely be certified by year-end, according to people familiar with the matter, meaning passenger flights won’t occur before the start of 2026 https://t.co/njd77kgSqT ...

Core Insights - Joby Aviation's stock surged to a new 52-week high, driven by a significant announcement regarding successful wingborne flights in Dubai, marking a pivotal moment for the company [1][2][11] Group 1: Company Achievements - Joby Aviation has commenced piloting wingborne flights with production-configured aircraft in Dubai, validating its business model and operational readiness for commercial market entry [2][3] - The successful flights are a precursor to launching commercial passenger service in Dubai by Q1 2026, in collaboration with Dubai's Roads and Transport Authority [3][4] - Joby has secured exclusive rights to operate air taxis in Dubai for six years, with ground support infrastructure being developed, including the construction of a vertiport at Dubai International Airport [4][10] Group 2: Market Reaction - The announcement triggered a significant market response, with Joby’s stock price increasing over 14% in a single trading day, supported by a trading volume of over 41 million shares [1][6] - A notable spike in call options trading, up 209%, indicated strong bullish sentiment among traders, contributing to the stock's rally [6][8] - The stock's rise was further fueled by a high short interest of approximately 14.6%, creating conditions for a potential short squeeze as investors were forced to buy shares to cover their positions [7][8] Group 3: Future Catalysts - Investors are now focused on upcoming milestones, particularly the FAA type certification process, with the next phase of Type Inspection Authorization flight testing targeted for 2025 [9][10] - Joby's financial performance will be scrutinized in its next quarterly report, expected on August 6, 2025, which will reflect the impact of a $250 million capital infusion from Toyota [10] - Continued operational advancements in Dubai and manufacturing ramp-up in Dayton, Ohio, will be critical indicators of Joby's ability to scale its operations [10]

Company Performance - Joby Aviation reported a first-quarter 2025 loss of 18 cents per share, which met the Zacks Consensus Estimate, while the previous year's loss was 14 cents [3] - Quarterly revenues broke even and missed the Zacks Consensus Estimate of $0.5 million, with no revenues reported in the year-ago quarter [3] - Total operating expenses increased by 10.6% year over year, driven by a 16% rise in research and development costs and a 4.2% increase in selling, general, and administrative costs [4] Financial Position - Joby exited the first quarter with cash, cash equivalents, and short-term investments totaling $812.5 million, down from $932.9 million at the end of the previous quarter [5] - For 2025, Joby anticipates generating cash, cash equivalents, and short-term investments in the range of $500-$540 million [6] Market Reaction - The stock has risen 5.6% since the release of results on May 7, outperforming the Transportation - Airline industry's 3% growth, primarily due to progress in receiving certification for commercial operations [2]