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Joby Welcomes Publication of New Operating Regulations by FAA

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Joby Aviation (NYSE:JOBY) has welcomed the Federal Aviation Administration's (FAA) release of new operating regulations for electric air taxis. The Special Federal Aviation Regulation (SFAR) establishes requirements for the safe integration of aircraft like Joby's into the U.S. aviation system, paving the way for commercial passenger service once Joby receives type certification.

The new rules cover pilot training and operation of air taxis, allowing pilots to train in powered-lift with a single set of flight controls. The regulations also include helicopter-based energy reserve requirements for commercial operations. This development aligns with the 2024 FAA Reauthorization Act's mandate to prepare for the introduction of electric and hydrogen-electric aircraft.

Joby's aircraft is designed to carry a pilot and four passengers at speeds up to 200 mph, offering high-speed mobility with significantly reduced noise compared to helicopters and zero operating emissions.

Joby Aviation (NYSE:JOBY) ha accolto il rilascio da parte della Federal Aviation Administration (FAA) di nuove normative operative per i taxi aerei elettrici. La Special Federal Aviation Regulation (SFAR) stabilisce i requisiti per l'integrazione sicura di aerei come quelli di Joby nel sistema aereo statunitense, aprendo la strada per il servizio passeggeri commerciale una volta che Joby ottiene la certificazione di tipo.

Le nuove regole riguardano la formazione dei piloti e l'operazione dei taxi aerei, consentendo ai piloti di allenarsi con un sollevamento a motore usando un unico set di comandi di volo. Le normative includono inoltre requisiti di riserva energetica basati su elicotteri per le operazioni commerciali. Questo sviluppo è in linea con il mandato dell'Atto di Riautorizzazione della FAA del 2024 per prepararsi all'introduzione di aerei elettrici e ibridi a idrogeno.

L'aereo di Joby è progettato per trasportare un pilota e quattro passeggeri a velocità fino a 200 mph, offrendo mobilità ad alta velocità con rumori significativamente ridotti rispetto agli elicotteri e zero emissioni operative.

Joby Aviation (NYSE:JOBY) ha dado la bienvenida al lanzamiento por parte de la Administración Federal de Aviación (FAA) de nuevas regulaciones operativas para los taxis aéreos eléctricos. La Regulación Federal Especial de Aviación (SFAR) establece los requisitos para la integración segura de aeronaves como las de Joby en el sistema de aviación de EE.UU., allanando el camino para el servicio comercial de pasajeros una vez que Joby reciba la certificación de tipo.

Las nuevas reglas cubren el entrenamiento de pilotos y la operación de taxis aéreos, permitiendo que los pilotos se entrenen en elevación motorizada con un solo conjunto de controles de vuelo. Las regulaciones también incluyen requisitos de reserva de energía basados en helicópteros para las operaciones comerciales. Este desarrollo está alineado con el mandato de la Ley de Reautorización de la FAA de 2024 para prepararse para la introducción de aeronaves eléctricas y de hidrógeno.

La aeronave de Joby está diseñada para transportar un piloto y cuatro pasajeros a velocidades de hasta 200 mph, ofreciendo movilidad de alta velocidad con un ruido significativamente reducido en comparación con los helicópteros y cero emisiones operativas.

Joby Aviation (NYSE:JOBY)는 연방항공청(FAA)이 전기 항공택시에 대한 새로운 운영 규정을 발표한 것을 환영했습니다. 특별 연방 항공 규정(SFAR)은 Joby와 같은 항공기가 미국 항공 시스템에 안전하게 통합되기 위한 요건을 설정하며, Joby가 타입 인증을 받는 대로 상업용 여객 서비스에 대한 길을 열어줍니다.

새로운 규정은 조종사 교육 및 항공택시 운영을 포함하여 조종사들이 단일 비행 제어 시스템으로 동력 리프트 훈련을 받을 수 있도록 허용합니다. 이러한 규정에는 상업 운영을 위한 헬리콥터 기반 에너지 저장 요구 사항도 포함되어 있습니다. 이 개발은 2024년 FAA 재승인 법안의 요구와 일치하여 전기 및 수소 전기 항공기의 도입을 준비하고 있습니다.

Joby의 항공기는 조종사 1명과 승객 4명을 수송할 수 있도록 설계되어 있으며, 시속 200mph까지 비행할 수 있습니다, 헬리콥터에 비해 훨씬 줄어든 소음과 함께 고속 이동성을 제공하며 운영 중 배출이 없습니다.

Joby Aviation (NYSE:JOBY) a accueilli la publication par l'Administration fédérale de l'aviation (FAA) de nouvelles réglementations opérationnelles pour les taxis aériens électriques. La Réglementation fédérale spéciale de l'aviation (SFAR) établit des exigences pour l'intégration sûre d'aéronefs comme ceux de Joby dans le système aéronautique américain, ouvrant la voie à un service commercial de passagers une fois que Joby obtient la certification de type.

Les nouvelles règles concernent la formation des pilotes et l'exploitation des taxis aériens, permettant aux pilotes de s'entraîner à la montée par propulsion avec un seul ensemble de commandes de vol. Les réglementations incluent également des exigences de réserve d'énergie basées sur les hélicoptères pour les opérations commerciales. Ce développement est en accord avec le mandat de la loi de réautorisations de la FAA de 2024 visant à préparer l'introduction d'aéronefs électriques et hydrogènes.

L'aéronef de Joby est conçu pour transporter un pilote et quatre passagers à des vitesses allant jusqu'à 200 mph, offrant une mobilité à haute vitesse avec un bruit considérablement réduit par rapport aux hélicoptères et zéro émission opérationnelle.

Joby Aviation (NYSE:JOBY) hat die Veröffentlichung neuer Betriebsregeln durch die Federal Aviation Administration (FAA) für elektrische Lufttaxis begrüßt. Die Special Federal Aviation Regulation (SFAR) legt Anforderungen für die sichere Integration von Flugzeugen wie dem von Joby in das US-Luftverkehrssystem fest und ebnet den Weg für kommerzielle Passagierdienste, sobald Joby die Typenzulassung erhält.

Die neuen Regeln betreffen die Ausbildung von Piloten und den Betrieb von Lufttaxis und ermöglichen es Piloten, mit einem einzigen Satz von Steuerungen im Antriebshub zu trainieren. Die Vorschriften beinhalten auch energiebezogene Reserverequirements für kommerzielle Operationen, die auf Hubschraubern basieren. Diese Entwicklung steht im Einklang mit dem Mandat des FAA-Reautorization Act von 2024 zur Vorbereitung der Einführung elektrischer und wasserstoffelektrischer Flugzeuge.

Das Flugzeug von Joby ist so konstruiert, dass es einen Piloten und vier Passagiere mit Geschwindigkeiten von bis zu 200 mph befördern kann, und bietet Hochgeschwindigkeitsmobilität mit signifikant reduziertem Geräuschpegel im Vergleich zu Hubschraubern sowie null Betriebsemissionen.

Positive
  • FAA's new regulations pave the way for Joby's commercial passenger service in the U.S.
  • The rules allow for pilot training in powered-lift with a single set of flight controls, aligning with Joby's approach
  • Regulations include helicopter-based energy reserve requirements, supporting Joby's commercial operations
Negative
  • Joby still needs to receive type certification for its aircraft before launching commercial service

Insights

The FAA's publication of the Special Federal Aviation Regulation (SFAR) marks a significant milestone for the emerging electric air taxi industry. This regulatory framework addresses critical aspects such as pilot training and operational requirements, paving the way for companies like Joby to launch commercial services once their aircraft are type-certified.

The SFAR's allowance for pilot training in powered-lift aircraft with a single set of flight controls aligns with Joby's simulator-based training approach, potentially streamlining the pilot certification process. Additionally, the inclusion of helicopter-based energy reserve requirements provides a familiar regulatory foundation for these new aircraft types.

While this regulation is a important step, investors should note that Joby still needs to achieve type certification for its aircraft before commencing commercial operations. The timely delivery of these rules, ahead of schedule, suggests a proactive regulatory environment that could benefit the entire electric vertical takeoff and landing (eVTOL) sector in the U.S.

The release of these regulations is a positive catalyst for Joby and the broader eVTOL market. It reduces regulatory uncertainty, which has been a significant concern for investors in this nascent industry. The FAA's proactive approach may give the U.S. a competitive advantage in the global race to commercialize air taxis.

For Joby specifically, this development could potentially accelerate their timeline to market entry, assuming they meet all other certification requirements. The company's $3.93 billion market cap reflects high expectations and this regulatory progress helps justify that valuation.

However, investors should remain cautious. While this is a important step, Joby still faces challenges in aircraft certification, infrastructure development and public acceptance. The company's ability to execute on its business plan and achieve profitability in a reasonable timeframe will be critical for long-term success.

SANTA CRUZ, Calif.--(BUSINESS WIRE)-- Joby Aviation, Inc. (NYSE:JOBY), a company developing electric air taxis for commercial passenger service, today welcomed the release of new rules designed to enable the operation of Joby’s revolutionary aircraft in the United States.

FAA Administrator Michael Whitaker signed new rules covering the pilot training and operation of air taxis at the National Business Aviation Association’s annual conference in Las Vegas, Nevada. Photo: Joby Aviation

FAA Administrator Michael Whitaker signed new rules covering the pilot training and operation of air taxis at the National Business Aviation Association’s annual conference in Las Vegas, Nevada. Photo: Joby Aviation

Published by the Federal Aviation Administration (“FAA”), the Special Federal Aviation Regulation (“SFAR”) establishes requirements for the safe and efficient integration of aircraft like Joby’s into the nation’s aviation system. In doing so, it lays the groundwork necessary for Joby to launch commercial passenger service in the U.S., once the Company has received type certification of its aircraft.

"The regulation published today will ensure the U.S. continues to play a global leadership role in the development and adoption of clean flight,” said JoeBen Bevirt, Founder and CEO of Joby. “Delivering ahead of schedule is a testament to the dedication, coordination and hard work of the rulemaking team.”

In a press release, the FAA referred to the new rule as “the final piece of the puzzle for safely introducing these aircraft in the near term.” The FAA also stated that the rule “allows for pilots to train in powered-lift with a single set of flight controls,” consistent with Joby’s approach to preparing pilots for commercial service using high-fidelity simulators. In addition, the rulemaking includes regulations that will underpin Joby’s commercial operations, such as helicopter-based energy reserve requirements.

The 2024 FAA Reauthorization Act, signed into law in May 2024, included a mandate for the agency to prepare for the safe and efficient introduction of electric and hydrogen-electric aircraft into the National Airspace System, in part by finalizing the SFAR.

Designed to carry a pilot and four passengers at speeds of up to 200 mph, the Joby aircraft will offer high-speed mobility with a small fraction of the noise produced by helicopters and zero operating emissions.

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; our business plan, objectives, goals and market opportunity; our expectations related to certification and operation of our aircraft; and our current expectations relating to our business, financial condition, results of operations, prospects, capital needs and growth of our operations, including the expected benefits of our vertically-integrated business model. 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 air taxi 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; 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 February 27, 2024, 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 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.

Joby Aviation

Investors:

investors@jobyaviation.com

Media:

press@jobyaviation.com

Source: Joby Aviation, Inc.

FAQ

What new regulations has the FAA released for Joby Aviation (JOBY)?

The FAA has released a Special Federal Aviation Regulation (SFAR) establishing requirements for the safe integration of electric air taxis like Joby's into the U.S. aviation system. This includes rules for pilot training and operation of air taxis.

How do the new FAA regulations affect Joby Aviation's (JOBY) commercial plans?

The new regulations lay the groundwork for Joby to launch commercial passenger service in the U.S. once the company receives type certification for its aircraft. They cover pilot training and operational aspects important for Joby's business model.

What are the key features of Joby Aviation's (JOBY) electric air taxi?

Joby's electric air taxi is designed to carry a pilot and four passengers at speeds up to 200 mph. It offers high-speed mobility with significantly less noise than helicopters and zero operating emissions.

When can Joby Aviation (JOBY) start commercial passenger service in the U.S.?

Joby Aviation can start commercial passenger service in the U.S. once it receives type certification for its aircraft. The new FAA regulations have established the necessary framework for this to happen.

Joby Aviation, Inc.

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