Air taxis are booming

By Fred Berg

It seems that demand for air taxis, which take off and land like helicopters do, has gained momentum in recent years. Despite the service faces regulatory and safety hurdles, but air taxis have been praised for its ability to cut traffic congestion and slash emissions.

The California-based company, flying air taxi maker Joby Aviation is getting closer to launching a service in the United Arab Emirates. The electric vertical takeoff and landing, or eVTOL company has made aggressive expansion moves in the Middle East. The company said that it delivered its first aircraft to the UAE and has completed piloted flight tests as it readies for a 2026 launch in the region.

The company said the flights and operational footprint in Dubai are critical as well as a monumental step toward weaving air taxi services into the fabric of daily life around the global. The company called the UAE a “launchpad for a global revolution in how people move".

Joby shares jumped earlier in June after Saudi Arabian firm Abdul Latif Jameel announced a roughly $1 billion investment for up to 300 eVTOLs. The firm participated in Joby’s Series C funding round. Also Joby shares have surged more than 32% this year, pushing its market capitalization to over $9 billion.

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