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UK ELECTRIC AIR TAXI SERVICE ON THE HORIZON: Joby and Virgin Atlantic Announce Partnership

1. JOBY partners with Virgin Atlantic for air taxi service in the UK. 2. The deal expands JOBY's existing partnership with Delta Air Lines.

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Why Bullish?

The strategic partnership may enhance JOBY's market positioning and investor confidence, similar to favorable reactions seen from past aviation partnerships.

How important is it?

The partnership with a well-established airline increases JOBY's visibility and credibility in the electric aviation sector, likely attracting further investment.

Why Long Term?

This collaboration indicates potential growth in international markets, allowing JOBY to build a sustainable revenue stream over time.

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DALVA
SANTA CRUZ, Calif. & LONDON--(BUSINESS WIRE)--Joby Aviation, Inc. (NYSE:JOBY), a California-based company developing electric air taxis for commercial passenger service, today announced a partnership with Virgin Atlantic, a premium long-haul UK airline, that will see the companies partner on the launch of Joby's revolutionary air taxi service in the UK. The partnership builds on an existing agreement between Joby and Delta Air Lines – which owns a 49 percent stake in Virgin Atlantic – to launch.

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