Articles for tag Joby
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Jun
03
2025
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Posted by Admin
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SANTA CRUZ, Calif. & JEDDAH, Saudi Arabia--(BUSINESS WIRE)-- Abdul Latif Jameel, an 80 year-old network of diversified businesses, and Joby Aviation, Inc. (NYSE: JOBY), a company developing electric air taxis for commercial passenger service, are announcing the signing of a Memorandum of Understanding (MoU) to explore opportunities to establish a distribution agreement in Saudi Arabia for Joby’s electric aircraft. This announcement builds upon the renewed economic partnership between the U.S. administration and the Saudi government towards shared innovation and transportation growth. Potential delivery of up to 200 Joby aircraft and related services valued at approximately $1 billion are expected by the businesses over the coming years. In the long-term, Abdul Latif Jameel and Joby also see potential revenue opportunities across the Middle East.
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Tags:
Abdul Latif Jameel
Joby
Saudia Arabia
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Press Releases
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Jun
30
2025
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Posted by Admin
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Santa Cruz, CA and Dubai, UAE, June 30, 2025 –Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today announced a historic milestone: its electric air taxi has successfully completed a series of piloted, vertical-takeoff-and-landing wingborne flights in Dubai, marking the start of its commercial market readiness efforts in the region. A first in the eVTOL sector, these efforts will further develop Joby’s readiness in anticipation of carrying its first passengers in 2026. This milestone also marks a significant step in Joby’s three-pronged commercialization strategy: direct operations, aircraft sales, and regional partnerships.
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Tags:
Joby
Categories:
Press Releases