Joby Aviation Stock pops up 14%after delivering first -flying taxi to UAE

Joby Aviation The stocks increased about 14%when the manufacturer of flying air fees approached the launch of a service in the United Arab Emirates.

The electric vertical take -off and landing, or EutolThe company said on Monday that it had delivered its first airplane to the UAE and completed piloted flight tests as it reads for the start of 2026 in the region.

“Our flights and an operational footprint in Dubai are a monumental step towards the introduction of air taxes into the fabric of everyday life,” said founder and CEO Joben Bevirt in A A releaseS He called the nation in the Middle East the “Starting Chamber of the Global Revolution in the way we are moving.”

It is scheduled in a pocket Launch The UAE was announced in February 2024 as part of an agreement with Dubai Road and the Transport Administration. The deal included exclusive air taxi rights in Dubai for six years.

As part of the project, Jobby said in November that he started to build such Letter At the Dubai International Airport, with three additional places planned for Palm Jumeira and the center of Dubai and Marina. Pockets too announce an air taxi agreement With three government offices of Abu Dhabi in 2024.

The California -based company made other moves of expansion in the Middle East. The shares jumped earlier this month after Saudi Arabia’s company Abdul Latifa Jamel announced a Approximately $ 1 billion investment for up to 300 Evtols. The company participates in the Joby Series Circle.

Joby’s shares increased over 32% this year, inflating their market capitalization to over $ 9 billion.

The demand for air taxis that take off and land, similar to helicopters, has gained speed in recent years. The service is facing regulatory and protective obstacles, but is praised because of its ability to reduce traffic congestion and cut emissions.

Earlier this month President Donald Trump Signed an Executive Order that includes a pilot test program Air taxisS

Watch: Joby Aviation shares the pop of Saudi investment