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Joby receives FAA nod to start air taxi services commercially -Breaking


© Reuters. FILE PHOTO – A Joby Aviation Air taxi is seen outside the New York Stock Exchange before their listing in Manhattan (New York City), U.S.A, August 11, 2021. REUTERS/Andrew Kelly

(Reuters) – Joby Aviation Inc announced on Thursday that it has received a Federal Aviation Administration certification (FAA), which will allow it commercially to start air-taxi services.

While the certification provides the required clearance, it is still a major milestone. The company must clear some regulatory hurdles before five-seaters can be legally flown passengers.

Joby plans to launch an all-electric air ridesharing service by 2024. The FAA Part 135 Air Carrier Certificate was one of the regulatory approvals.

Joby can now fly its electric vertical takeoff and landing (eVTOL), aircraft as an air-taxi service in communities and cities across the United States with this certification.

Joby’s prototype airplane was in an accident on February 1st during flight testing at California base. But no injuries were reported.

FAA stated earlier this month that it has changed its approach in approving future pilots of eVTOL aircraft, but it does not anticipate it will delay certifications or operating approvals.

Joby posted a net loss in the first quarter of this year at $62.3million. The company also highlighted costs associated with aircraft certifications and early manufacturing operations.