- First ever electric air taxi flight in New
York City
- Joby participates in event announcing
electrification of Downtown Manhattan Heliport
- Joby plans to launch commercial passenger
service in 2025
Joby Aviation, Inc. (NYSE:JOBY), a company developing electric
vertical take-off and landing (eVTOL) aircraft for commercial
passenger service, today announced that it successfully performed
an exhibition flight in New York City yesterday, marking the first
ever electric air taxi flight in the city and the first time Joby
has flown in an urban setting.
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Joby’s electric air taxi in the skies
above New York City, piloted by James “Buddy” Denham. Joby Aviation
Image
The aircraft was flown on Sunday, November 12th, from the iconic
Downtown Heliport in Manhattan, NY, where today, New York City
Mayor, Eric Adams, announced the city’s intention to electrify the
heliport, laying the groundwork for New York to become the global
leader in the adoption of clean, quiet flight. Joby’s Manhattan
flight and participation in the press conference – during which the
aircraft is expected to fly again – follows several days of
preparation flights at the HHI Heliport in Kearny, New Jersey.
“By electrifying one of the most famous heliports in the world,
New York is demonstrating global leadership in the adoption of
electric air travel. We’re grateful for the support of the city,
and we’re honored to be working with visionary partners like Delta
Air Lines to bring our air taxi service to this market,” said
JoeBen Bevirt, Founder and CEO of Joby Aviation. “We plan to make
quiet, emissions-free flight an affordable, everyday reality for
New Yorkers, while significantly reducing the impact of helicopter
noise.”
Joby previously announced through its partnership with Delta Air
Lines that it expects New York to be one of its early launch
markets after receiving certification from the Federal Aviation
Administration (FAA). The company plans to offer fast, quiet
journeys using its piloted, four-passenger electric aircraft which
has zero operating emissions. Joby’s aircraft is optimized for
rapid, back-to-back flights and can fly up to 100 miles on a single
charge, covering 99% of all trips taken today across New York
City’s five boroughs. While traveling from Manhattan to John F.
Kennedy International Airport (JFK) can take more than an hour by
car, Joby expects the trip to take just seven minutes by air.
“The Adams Administration has been a leader in driving
technology innovation and economic growth while simultaneously
improving quality of life,” said New York City Economic Development
Corporation (NYCEDC) President & CEO Andrew Kimball. “EDC’s new
strategy for the Downtown Manhattan Heliport reflects these
priorities while making it an industry leader in the embrace of
eVTOLs – a quieter and greener helicopter alternative – while at
the same time facilitating maritime freight with last mile e-bike
deliveries that takes trucks off the roads.”
Joby and Delta are working closely with the Port Authority of
New York and the New York City Economic Development Corporation
(EDC) as they plan for initial operations, including the
development of infrastructure at JFK and LaGuardia International
Airport (LGA). This builds on significant recent investments Delta
has made in upgrading the customer experience at its New York
hubs.
“Delivering exceptional experiences for our customers is why
Delta has invested over $7B in New York City, especially at our
LaGuardia and JFK hubs,” said Gail Grimmett, SVP of Sustainability
Performance and Strategic Partnerships at Delta. “Today’s
announcement demonstrates the great progress that’s been made
toward launching clean, quiet and convenient air taxi services for
Delta customers traveling to and from New York, and is a testament
to our innovative partners at Joby and the support of Mayor Eric
Adams in advancing new and sustainable technologies.”
Joby’s aircraft was designed to have a radically lower acoustic
footprint than today’s helicopters, allowing it to operate in
densely populated areas such as New York City without adding to the
background noise. In 2022, Joby collaborated with NASA to measure
the sound of its aircraft, confirming it registered the equivalent
of 45.2 A-weighted decibels (dBA) when flying overhead at an
altitude of 1640 feet (500 meters) – quieter than a typical
conversation.
Joby has flown more than 30,000 miles with its full-scale
prototype eVTOL aircraft, beginning in 2017. The Company recently
celebrated the first aircraft to roll off its Pilot Production
Plant in Marina, California, and delivered the first-ever electric
air taxi to the US Air Force for on-base operational testing. Joby
expects to launch its commercial passenger service in 2025.
Media assets, including photos and footage of Joby’s aircraft
flying in New York City, as well as animation simulating Joby’s
acoustic footprint in the city, are available here.
About Joby
Joby Aviation, Inc. (NYSE:JOBY) is a California-based
transportation company developing an all-electric, vertical
take-off and landing air taxi which it intends to operate as part
of a fast, quiet, and convenient service in cities around the
world. To learn more, visit www.jobyaviation.com.
Forward Looking Statements
This press release contains “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including but not limited
to, statements regarding the development and performance of our
aircraft, our regulatory outlook, progress and timing, including
our expectation to start commercial passenger service in 2025 and
the expected timing of type certification; our planned operations
with the Department of Defense; our business plan, objectives,
goals and market opportunity; plans for, and potential benefits of,
our strategic partnerships, including the markets in which we
expect to launch; and our current expectations relating to our
business, financial condition, results of operations, prospects,
capital needs and growth of our operations. You can identify
forward-looking statements by the fact that they do not relate
strictly to historical or current facts. These statements may
include words such as “anticipate”, “estimate”, “expect”,
“project”, “plan”, “intend”, “believe”, “may”, “will”, “should”,
“can have”, “likely” and other words and terms of similar meaning
in connection with any discussion of the timing or nature of future
operating or financial performance or other events. All forward
looking statements are subject to risks and uncertainties that may
cause actual results to differ materially, including: our ability
to launch our aerial ridesharing service and the growth of the
urban air mobility market generally; our ability to produce
aircraft that meet our performance expectations in the volumes and
on the timelines that we project, and our ability to launch our
service; the competitive environment in which we operate; our
future capital needs; our ability to adequately protect and enforce
our intellectual property rights; our ability to effectively
respond to evolving regulations and standards relating to our
aircraft; our reliance on third-party suppliers and service
partners; uncertainties related to our estimates of the size of the
market for our service and future revenue opportunities; and other
important factors discussed in the section titled “Risk Factors” in
our Annual Report on Form 10-K, filed with the Securities and
Exchange Commission (the “SEC”) on March 1, 2023, and in future
filings and other reports we file with or furnish to the SEC. Any
such forward-looking statements represent management’s estimates
and beliefs as of the date of this press release. While we may
elect to update such forward-looking statements at some point in
the future, we disclaim any obligation to do so, even if subsequent
events cause our views to change.
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Investors: investors@jobyaviation.com
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