FAA recognizes ‘flying taxis,’ heralding a new kind of aircraft

Dayton-bound Joby Aviation Inc. applauds the move
Joby Aviation, Inc. will build its first scaled production facility for electric vertical take-off and landing (eVTOL) aircraft for commercial passenger service at the Dayton International Airport.

Credit: Contributed

Credit: Contributed

Joby Aviation, Inc. will build its first scaled production facility for electric vertical take-off and landing (eVTOL) aircraft for commercial passenger service at the Dayton International Airport.

The Federal Aviation Administration this week recognized a new kind of aircraft, opening a regulatory door to electric “air taxis” and issuing a final rule for operating the aircraft and how to train pilots to fly them.

“The FAA will continue to prioritize the safety of our system as we work to seamlessly integrate innovative technology and operations. This final rule provides the necessary framework to allow powered lift aircraft to safely operate in our airspace,” FAA Administrator Mike Whitaker said in a statement.

Whitaker said flying taxis, or “powered lift aircraft,” will pave the way for a new kind of air travel.

Powered lift aircraft are the first new category of aircraft in nearly 80 years, the FAA said.

California-based Joby Aviation Inc., which has manufacturing plans in Dayton, welcomed the news, saying the regulatory milestone lays “the groundwork necessary for Joby to launch commercial passenger service in the U.S., once the company has received type certification of its aircraft.”

“The regulation published today will ensure the U.S. continues to play a global leadership role in the development and adoption of clean flight,” JoeBen Bevirt, founder and chief executive of Joby, said in a statement. “Delivering ahead of schedule is a testament to the dedication, coordination and hard work of the rulemaking team.”

Production of components for Joby electric vertical takeoff and landing vehicles (eVTOL) will begin in Dayton early next year, Greg Bowles, Joby’s head of government relations and regulatory affairs, told the Dayton Daily News in August.

That assurance came about 11 months after Joby’s first historic announcement that it would bring scaled production of its electric flying rotor-craft to the community, and about six months after Joby said it had selected a former U.S. Postal Service facility near Dayton International Airport for the work.

On Friday, Joby also announced the pricing of its underwritten public offering of 40 million shares of common stock at a public offering price of $5.05 per share, before underwriting discounts and commissions.

All of the shares of common stock are being offered by Joby.

Shortly after 1:30 p.m. Friday, shares of Joby (NYSE: JOBY) were trading at $5.10, down about 94 cents, or more than 15%.

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