Overview
- The six-year agreement with Dubai’s Road and Transport Authority includes a roadmap for UAE GCAA approval and grants market exclusivity.
- Joby expects its first vertiport at Dubai International Airport to be completed by the end of the first quarter of 2026.
- FAA pilots are expected to start for-credit flight testing in 2026, with full U.S. type certification possibly not arriving until 2027.
- Only after type certification can Joby scale production and operate broadly, requiring a manufacturing ramp to meet expected demand.
- The company reported a $401 million loss in the third quarter and an accumulated deficit near $2.7 billion, increasing pressure to begin generating revenue.