Urban Air Mobility: Progress and Future Plans

Joby Aviation is making progress in launching air taxi service in Dubai by next year, and is also working on revenue generation and infrastructure in the US.

### Joby Aviation's Air Taxi Service: Dubai Launch and Future Plans
* 🚁  Joby Aviation has secured a six-year exclusive agreement in Dubai to provide air taxi services, with a target to **launch the service by the end of next year**.
* 💼  The company is methodically ramping up production, with the **third aircraft rolled off the pilot manufacturing line** and the **fourth and fifth in progress**.
* 💰  Joby is working towards commercialization to **generate meaningful revenues** and **reduce cash burn**, having completed the first three stages of FAA certification and **37% of the fourth stage**.
* 🇺🇸  In the U.S., Joby has bipartisan support and has successfully flown its air taxi in New York City from the Wall Street helipad, with plans to **build infrastructure at New York airports** in partnership with Delta Airlines.
* 🏙️  Joby's air taxi service in New York is expected to **connect Delta flights to Manhattan in a matter of minutes**, pending the completion of infrastructure.
* 🌐  Joby CEO JoeBen Bevirt expressed optimism about the future, stating, "We're **sprinting to the cross the line where we've got incredible support**."

I just want to get right to that Dubai project. You and I have spoken so many times over the years where I ask you, when are we going to see a Joe be fly and where? And it seems like you're closer to answering that. Absolutely. First, thank you so much for inviting me. I'm here in our flight test facility in Marina, California. It's amazing to be with you on Dubai. We're so excited. We're sprinting to the cross the line where we've got incredible support. A six year exclusive in Dubai to provide air taxi service. And our target is to launch that service by the end of next year. Really, really pleased with the progress that we're making. And again, thank you for being having us today. Joe. Ben, You know, I'm really interested in the business model long term, you know that I also take a microscope to your financials. Your losses in sort of cash burn are at

pace with the Street's expectations.
Just explain the timeline of how that changes and when you start becoming
meaningfully revenue generating. Yeah.
So thank you. We are executing exactly the plan, and we
have very rigorous financial discipline. We are methodically ramping our
production. We just announced that we had rolled the
third aircraft off our pilot manufacturing line, and we have the
fourth and fifth coming along quickly behind.
We're going to have four aircraft in our flight test program as we're
driving certification. And we've completed the first three
stages of certification with the FAA. And we're now working on
the fourth stage, where we've announced that we're 37% complete there.
So as we move into commercialization, we can begin to generate meaningful
revenues and reduce the cash burn on the company.
So very, very pleased with progress. Joe Biden.
Is America moving fast enough on TV? Tell America.
Absolutely.

Where we have incredible bipartisan
support in Washington, D.C. And this last year, we were invited
to New York where we were able to fly our air taxi, and in New York City from
the Wall Street helipad. It was a
dream come true for me. I've been working on this for many, many
years, and seeing the age of clean, quiet, emissions-free
aircraft being able to fly in a city like New York is really exciting.
We have an incredible partnership with Delta Airlines, and we're working to
build with the Port Authority to build in-class infrastructure at New York and
LaGuardia or New York, JFK, and LaGuardia.
So, JB. And when does that happen?
The ability to take one of your toll from Wall Street to an airport in the
real world. It's coming very soon.
Again, we're making great progress with the Port Authority on the
permitting of those takeoff and landing.

locations connected to the Delta hub, so
you can get off your Delta flight and onto a job flight very seamlessly.
And you can be in, in a matter of minutes, into Manhattan.
So we think this is a really exciting opportunity, and it's coming very, very
soon, really paced by the speed at which we
can get that infrastructure built.

Joby Aims for Dubai Air Taxi Flights Next Year

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Exclusive Air Taxi Service in Dubai: Aiming for Launch Next Year

A company has secured a six-year exclusive deal to provide air taxi service in Dubai, with plans to launch the service by the end of next year.

The company is ramping up production and flight testing, with the goal of generating meaningful revenue and reducing cash burn as they move into commercialization.

The CEO expresses satisfaction with the progress and financial discipline, while also highlighting the support they have received.

The Development of Air Taxis in New York City

A company has achieved bipartisan support in Washington, D.

They have successfully flown their emissions-free aircraft from the Wall Street helipad in New York City, with the support of Delta Airlines.

The company is making progress with the Port Authority to establish infrastructure for takeoff and landing at New York airports, bringing the air taxi service one step closer to reality.

Seamless Transition from Delta to Job Flights at the Delta Hub

The Delta hub offers a seamless transition from Delta flights to job flights, with quick access to Manhattan.

The opportunity is anticipated to come to fruition soon, pending the rapid construction of the necessary infrastructure.