Joby Aviation Signs Deal to Establish Air-Taxi Service in Abu Dhabi
By Ben Glickman
Joby Aviation said it had reached a deal with three Abu Dhabi government departments to help establish an electric air-taxi ecosystem.
The Santa Cruz, Calif.-based company said Thursday that the memorandum of understanding with the Department of Municipalities and Transport, the Abu Dhabi Department of Economic Development and the Department of Culture and Tourism would open up the opportunity for an inter-emirate air taxi service.
Joby previously announced the deal with the Dubai government, giving the company exclusive rights to operate air taxis in the city for six years. Dubai air-taxi service is expected to begin as early as next year, the company said.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
April 25, 2024 13:13 ET (17:13 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks