Joby Aviation stock pops 12% after company delivers first flying taxi to UAE
An electric air taxi by Joby Aviation sits at the Downtown Manhattan Heliport in New York City, Nov. 12, 2023. Joby Aviation stock soared about 12% as the flying air taxi maker got closer to launching a service in the United Arab Emirates. The electric vertical takeoff and landing, or eVTOL, company said Monday 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. "Our flights and operational footprint in Dubai ar