Airports ramped up security measures to help police hunt for an escaped terror suspect yesterday, sparking chaos for UK travellers.
25.08.2023 - 14:44 / skift.com / Delta Air Lines / Edward Russell / Joby Aviation / Savanthi Syth / Raymond James
Joby Aviation has delayed the introduction of its new electric air taxi by about a year to 2025, as the certification of the new aircraft proceeds slower than hoped. The developer disclosed the delay in a letter to shareholders on Wednesday.
The delay has immediate implications for Delta Air Lines, which in October unveiled plans to launch a premium air taxi product with Joby in 2024. Delta will sell and market the flights on what are officially known as electric vertical takeoff and landing (eVTOL) aircraft, while Joby manages operations and branding under the exclusive partnership. The airline will invest up to $200 million in the air taxi company and be its sole partner on the new premium service for at least five years after commercial launch.
“The new timeline helps clear the air with some cautious optimism that the FAA expects to have necessary [regulations] in place by” the end of 2024, Raymond James analyst Savanthi Syth wrote Thursday on the delay.
Joby, and other companies in the urban air mobility sector, claim that electric air taxi technology will revolutionize how people get around cities. In their partnerships with airlines, they tout fast, carbon-free rides on the battery-powered aircraft from downtowns or regional centers to airports. All of the in-development eVTOLS seat only four passengers and are able to fly no more than about 150 miles on a single charge.
JetBlue Ventures is also an investor in Joby, though its parent JetBlue Airways has yet to specify an order or operational plan for the air taxis in its network. Joby also counts Japan’s All Nippon Airways among its customers.
Airports ramped up security measures to help police hunt for an escaped terror suspect yesterday, sparking chaos for UK travellers.
A lawsuit filed against Qantas Airways alleges that the company listed and sold tickets for flights that it knew were already canceled.
The deadly wildfires on the island of Maui are likely to affect visitor — and airline — demand to the island for the “foreseeable future,” analysts at T.D. Cowen said Friday.
The Federal Aviation Administration (FAA) on Monday issued the airworthiness criteria that Archer Aviation will need to meet for its M001 air taxi to be certified for use.
It’s not often that travelers have something to look forward to at Newark Liberty International Airport. The new $2.7 billion Terminal A will open in December, the latest in a series of major airport projects opening around the U.S. this year.
Delta Air Lines has been directing more investment at enhancing what its customers experience at airports, and it relies on customer sentiment surveys to guide its progress.
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U.S. carrier United Airlines Holdings Inc said on Tuesday it is currently evaluating the market demand and operating environment to determine when to resume additional flight operations to mainland China.
Shareholders filed a lawsuit against Southwest Airlines Co on Thursday, accusing the carrier of fraudulently concealing problems that led last month to an operational meltdown and more than 15,000 flight cancellations.
U.S. and European airlines will benefit from pent-up demand for travel to China after its recent border reopening, but route approvals, fresh Covid-19 testing rules and not enough large aircraft remain barriers to rising sales, analysts and industry officials say.
The U.S. Department of Justice is expected to sue to block the proposed merger of JetBlue Airways and Spirit Airlines, Politico reported late Friday.