Joby Aviation to launch air-taxi service in Dubai by 2026

Joby Aviation is one step closer to becoming the Uber of the air.

The California-based air-taxi company announced Sunday that it has signed an contract with the Dubai government to initiate operating air taxis in the United Arab Emirates in 2026, with some operations beginning as early as next year.

If it can hit this goal, Joby and the UAE will be able to boast the first frequently operating air-taxi service in the world.

Joby has hit several milestones recently. Back in 2021, it showcased how much lower its air-taxi design was when compared to other vertical takeoff and landing vehicles.

In June 2023, the company received a critical permit from the Federal Aviation Administration (FAA) so it could begin flight testing in the United States.

In September, the company began moving forward with building an aircraft production facility in Ohio. And in November, Joby became the first company to fly an air taxi in New York City.

As for the planned launch of an air-taxi service in Dubai, Joby says some places have been recognized as takeoff and pier zones for the service, including Dubai International Airport (DXB), Palm Jumeirah, Dubai Marina, and Dubai Downtown.

The vehicle will be able to carry a pilot and up to four passengers.

It will be able to work at speeds as fast as 200 mph, meaning a Joby air taxi will be able to transport passengers from Dubai International Airport to Palm Jumeirah in just 10 minutes. Today’s car trip takes 45 minutes.

As of the time of this script, Joby stock (ticker: JOBY) is presently up over 6% in premarket interchange to $6.33 per share.