TECH - Joby Aviation Opens Slightly Lower After FAA Gives Nod To Air-Taxi Software | Benzinga
Joby Aviation, Inc. (NYSE:JOBY) opened slightly lower on Thursday after the company announced that it has secured approval from the Federal Aviation Administration (FAA) for its proprietary software suite, “ElevateOS.” The software is intended to optimize air taxi operations.
What Happened: At the time of writing, Joby was trading -1.42% lower at $4.929, according to Benzinga Pro.
As per the company’s announcement on Thursday, ElevateOS encompasses pilot tools, operations and schedule management software, a mobile-first rider app, and an intelligent matching engine. This engine, similar to those employed by ride-hailing apps, connects passengers with available aircraft and landing infrastructure for seamless journeys. Joby Aviation intends to utilize ElevateOS for its air taxi operations and make it available to select partners who purchase their aircraft.
The company is set to ...