Joby Aviation stock pops 14% after delivering first flying taxi to UAE

Joby Aviation As the flying air taxi manufacturer approached a service in the United Arab Emirates, the stock increased by 14%.

Electric vertical departure and landing or Evtol said on Monday that he had delivered his first planes to the UAE and completed flight tests while preparing for the 2026 launch in the region.

“Our flights and operational footprints in Dubai are a monumental step for weaving the texture of daily life to the texture of daily life around the world.” He said. release. He called the Middle East nation as “the launching ramp for a global revolution when we moved.”

Joby Planned lunch The UAE was announced in February 2024 as part of an agreement with Dubai’s road and transport authority. The agreement contained exclusive rights to carry out air taxi services in Dubai for six years.

As part of the project, Joby said he started building one in November. Vertiport At Dubai International Airport, with three additional places for Palm Jumeirah and Dubai’s city center and marina. Joby also An air taxi agreement announced In 2024 with three Abu Dhabi government department.

California -based company made other expansion movements in the Middle East. After the Saudi Arab company Abdul Latif Jameel announced an investment of approximately $ 1 billion up to 300 Evtol, the share increased at the beginning of this month. The company joined Joby’s C series financing tour.

Joby increased more than 32% this year and increased its market value to over $ 9 billion.

Air taxis, which took and lands like helicopters, has gained momentum in recent years. Service is faced with regulatory and security barriers, but is praised for its ability to reduce traffic congestion and cut emissions.

At the beginning of this month, President Donald Trump signed an executive order with a pilot program for the test. Electric Air Taxis.

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