An electric taxi from Joey Airlines flew near a helicopter in downtown Manhattan, New York City, USA on November 12, 2023.
Roselle Chen | Reuters
Jozy Aviation Stocks soared about 14% as flying taxi manufacturers approached launching services in the United Arab Emirates.
Electric takeoff and landing vertically, or evtolThe company said on Monday it shipped its first aircraft to the UAE and completed trial flight tests as it prepares for a 2026 launch in the region.
“Our flight and operational footprint in Dubai is a huge step towards taking air taxi services to the global structure of everyday life,” said Joeben Bevirt, Founder and CEO. release. He called the Middle Eastern countries “a launch pad for the global revolution for our way of moving.”
Jomi’s plan emission Announced in the UAE as part of an agreement with Dubai Roads and Transport Authority. The deal includes the exclusive right to open taxi services in Dubai for six years.
As part of the project, Joey said in November that it began building a letter At Dubai International Airport, there will be three other locations in the Palm Jumeirah and the Dubai downtown and the Pier. It’s also Joby Announced taxi agreement There are three Abu Dhabi government departments in 2024.
The California-based company has made other expansion measures in the Middle East. Saudi Arabian company Abdul Latif Jameel announces a There is about $1 billion in investment Up to 300 evtols. The company participated in Joby’s Series C funding round.
Joby shares soared more than 32% this year, with a market capitalization of over $9 billion.
In recent years, the demand for air taxis has been similar to that of helicopters and similar to that of helicopters. The service faces regulatory and safety barriers, but is praised for its ability to reduce traffic congestion and reduce emissions.
Earlier this month, the President Donald Trump An executive order was signed that included a pilot program for testing Electric taxi.
