Joby Aviation, Inc. - JOBY STOCK NEWS

Joby Aviation (NYSE: JOBY) announced its fourth quarter 2021 financial results. The company focuses on developing all-electric aircraft aimed at commercial passenger services, targeting a launch in 2024. Their aircraft can travel up to 150 miles at speeds reaching 200 mph, designed to alleviate urban congestion. Joby employs over 1,000 people across locations in California and Munich. Interested parties can access the results via a live audio webcast scheduled for March 24, 2022, at 2:00 p.m. PT.

Joby Aviation (NYSE:JOBY) has resumed flight testing of its second pre-production prototype aircraft at its Marina, CA facility. The aircraft, which received FAA and U.S. Air Force approval, has completed 38 flights, reaching speeds over 90 mph. In 2022, Joby flew over 5,300 miles, gathering 65 terabytes of data and showcasing a single-charge endurance of 154.6 miles. The internal safety review board has lifted the flight testing pause instituted after an accident earlier this year. Joby plans to launch commercial air taxi services in 2024.

Joby Aviation (NYSE:JOBY) has submitted its first area-specific certification plan to the FAA, marking a significant milestone in the development of its eVTOL aircraft for commercial use. This submission focuses on cabin safety and is part of a series of plans needed for type certification. Joby has already agreed upon over two-thirds of its compliance requirements with the FAA. The company, aiming to launch its aerial ridesharing service in 2024, has completed numerous tests and has a maximum range of 150 miles and speeds up to 200 mph for its five-seat aircraft.

Joby Aviation (NYSE:JOBY) announced the approval of its first Systems and Compliance Reviews by the FAA, marking a significant step in its all-electric aircraft development for commercial passenger service. These reviews, completed at the end of last year, validate Joby's safety-critical systems and software development processes. Joby is advancing towards its goal of launching aerial ridesharing services in 2024, with its eVTOL aircraft designed to carry four passengers at speeds up to 200 mph and a range of 150 miles.

Joby Aviation Inc. (NYSE:JOBY) has entered the fourth stage of the certification process for its Part 135 Air Carrier Certificate from the FAA, a crucial step for launching its all-electric air taxi service in 2024. Following earlier applications filed in June 2021, Joby completed prior stages involving manual submissions and FAA evaluations. The company aims to finalize the certification process by late 2023, enabling it to operate its eVTOL aircraft that can carry a pilot and four passengers while achieving speeds of up to 200 mph with zero operational emissions.

CAE (NYSE: CAE, TSX: CAE) has partnered with Joby Aviation (NYSE: JOBY) to develop flight simulation training devices for Joby's all-electric aircraft. This collaboration supports the training of pilots for Joby's electric vertical take-off and landing (eVTOL) aircraft, which aims to revolutionize urban air travel. Joby is actively working with the FAA to secure necessary certifications for commercial operations expected to launch in 2024. CAE's CAD$1 billion investment into aviation technologies enhances its role in the eVTOL market.

Joby Aviation (NYSE: JOBY), a California-based company focused on all-electric aircraft for commercial passenger service, plans to release its fourth quarter 2021 earnings results on March 24, 2022, after market close. A conference call for management to discuss the results will take place at 5:00 pm ET on the same day. Joby aims to operate a quiet, fast air taxi service using its vertical take-off and landing aircraft, which has a range of 150 miles and speeds up to 200 mph, beginning in 2024.

ANA Holdings and Joby Aviation have partnered to establish an aerial ridesharing service in Japan, aiming to drastically cut travel time, such as reducing a journey from Osaka to Kansai International Airport to under 15 minutes. The collaboration involves infrastructure development, pilot training, and regulatory compliance, with Toyota Motor Corporation also joining to explore ground transport opportunities. This partnership is part of Japan’s initiative to promote air mobility ahead of the 2025 World Expo, leveraging Joby's eVTOL technology for efficient, emissions-free travel.

Joby Aviation (NYSE:JOBY) has commenced FAA conformity testing, marking a crucial step in its type certification process for all-electric aircraft. This testing is a first in the implementation phase and showcases the maturity of the company's production and quality systems. Joby is collaborating with Toray to qualify a new lightweight composite material tailored for eVTOL aircraft. Joby aims to launch its aerial ridesharing service in 2024, targeting urban congestion reduction with a maximum range of 150 miles on a single charge.