Delta Invests $60 Million in Joby, Seeking Air-Taxi Flights to NYC Airports
- E-powered aircraft to whisk flyers over traffic-choked cities
- Delta becomes latest US airline to invest in the technology
A Joby Aviation Electric Vertical Take-Off and Landing (eVTOL) aircraft outside the New York Stock Exchange in New York, in 2021.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Delta Air Lines Inc. is investing $60 million in urban air taxi developer Joby Aviation Inc. in the latest partnership between a traditional carrier and an upstart trying to revolutionize how people travel.
Delta could boost its investment to as much as $200 million when certain milestones are achieved in the partnership, which will be exclusive for at least five years, the companies announced Tuesday. The goal is to begin flying customers to and from airports in New York and Los Angeles using Joby’s four-passenger electric-powered vehicle as soon as it’s certified, which the company expects as soon as 2024.