Aviation Joby Pops Pops 14% after shipping to UAE first fly taxi to UAE

Aviation Jobi The stock has increased by about 14%when the terrestrial air taxis approached the launch of the United Arab Emirates.

Electric vertical take -off and landing, or etholThe company stated that on Monday it delivered its first aircraft to the UAE and completed pilot flights when it was talked about launching 2026 in the region.

“Our flights and an operative mark in Dubai are a monumental step towards weaving air taxi in the fabric of everyday life worldwide,” said the founder and CEO Joben Bevirt in A exemption. He called the nation of the Middle East “the starting platform for the global revolution in how we move.”

Planned Jobi launch The UAE was announced in February 2024 as part of an agreement with the Dubai road and transport body. The deal included exclusive rights to air taxi in Dubai for six years.

As part of the Jobi project stated in November that started building one letter At the Dubai International Airport, with three additional places planned for Palm Dzemira, downtown and Marina Dubai. Jobi also announced the air taxis contract With three government agencies Abu -Dabi in 2024.

The California company has taken other steps to expand in the Middle East. The stock jumped at the beginning of the month after Saudi Arabian firm Abdul Latif Jamel announced Approximately $ 1 billion in investment up to 300 eutols. The firm participated in the financing round of Jobi Series.

This year’s shares have grown by more than 32%, and market capitalization has scored more than $ 9 billion.

Demand for air taxis that takes off and land similar to helicopters have gained momentum in recent years. The service faces regulatory and safe obstacles, but it was agitated by the ability to reduce traffic overload and hearing emissions.

Earlier this month president Donald Trump signed an executive order that included a pilot for testing an electric air taxi.

See: Joby Aviation stock Pop on Saudi Investment