Joby's flying taxi inches closer to production with FAA testing approval
FAA will let it test flying taxis coming off its production lineJoby Aviation Inc. jumped 40% Wednesday after a crucial green light from US regulators in its quest to build electrically powered air taxis., California, said in a statement that the go-ahead from the Federal Aviation Administration will let it test flying taxis coming off its production line; it previously could only demo a prototype made by hand. Joby showed off the first aircraft from its manufacturing facility at a media event.
The shares have now doubled since late April. The rally underscores the swelling enthusiasm for a business backed by. that aims to break through where others have failed in providing inexpensive, vertical-lift aircraft for short hops. The big goal is to create a new category of small electric-powered air taxis designed to zip passengers across cities to avoid car traffic.
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