The airline is making a $60-million investment in Joby Aviation as part of a 'mutually exclusive' partnership in an air-taxi service.
Delta’s statement today was short on details, mostly because Joby’s S4 electric aircraft isn’t scheduled to be certified until 2024, and there is no existing infrastructure, or vertiport system, to handle landing and takeoff. But Delta’s so confident in the arrangement that it has invested $60 million into Joby, with the option to increase that to another $140 million if certain milestones are reached.
The statement noted that Delta passengers traveling to New York and Los Angeles can reserve seats on Joby’s local flights.“This is a groundbreaking opportunity for Delta to deliver a time-saving, uniquely premium home-to-airport solution for customers in key markets we’ve been investing in for many years,” said Delta CEO Ed Bastian in the statement.
Delta is the latest airline to plant its flag in the fledgling but fast-growing eVTOL landscape. In July,
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Delta says it's investing $60 million in air taxi developerDelta Air Lines says it has invested $60 million in a startup that hopes to build electric helicopter-like air taxis to ferry passengers to the airport. Delta announced Tuesday that it has taken a 2% stake in Joby Aviation, and could invest up to another $140 million as the manufacturer hits key milestones. Current designs for electric air taxis are too small to use for airline flights — the weight of batteries is among the huge obstacles facing manufacturers.
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Delta investing $60 Million in air taxi developerDelta Air Lines says it has invested $60 million in a startup that hopes to build electric helicopter-like air taxis to ferry passengers to the airport.
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Delta investing $60 million in Santa Cruz-based air taxi startup Joby with eyes on flying in LAThe Atlanta-based airline announced that it has taken a 2% stake in Joby Aviation, and could invest up to another $140 million as the manufacturer hits key milestones.
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Delta, electric air taxi company Joby Aviation team up on home-to-airport serviceDelta has made an upfront equity investment of $60 million in Joby with the opportunity to expand that to $200 million as the companies work towardslaunching the service.
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Delta Buys Into Electric Air Taxi Maker Joby With Aim To Speed Travel To AirportsTo travelers frustrated by getting stuck in traffic driving to the airport, Delta and Joby are offering a tantalizing vision: how about flying directly from downtown to the Delta terminal in 10 minutes via an electric air taxi? Delta is investing $60 million in Joby to help make that happen.
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Delta Buys Into Electric Air Taxi Maker Joby With Aim To Speed Travel To AirportsTo travelers frustrated by getting stuck in traffic driving to the airport, Delta and Joby are offering a tantalizing vision: how about flying directly from downtown to the Delta terminal in 10 minutes via an electric air taxi? Delta is investing $60 million in Joby to help make that happen.
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