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JOBY
New York Post
4 hrs

New Yorkers on Uber will soon be able to hail a helicopter ride to JFK, Newark and the Hamptons

1. Uber expands partnership with Joby to offer helicopter flights via its app. 2. Joby acquires Blade Air Mobility's passenger business for $125 million. 3. Flights will transition to eVTOL aircraft after FAA certification. 4. Joby's eVTOLs promise quicker and quieter urban air travel solutions. 5. Regulatory scrutiny may impact Joby's operational strategies in urban markets.

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FAQ

Why Bullish?

Joby’s partnership with Uber enhances its market presence and growth potential, reminiscent of previous successful collaborations boosting stock value.

How important is it?

The announcement emphasizes a strategic enhancement in Joby's business model, indicating a strong potential for market expansion and future revenue growth.

Why Long Term?

The regulatory approval process for eVTOLs might delay immediate impacts but could yield significant growth once achieved.

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