- Joby Aviation ( NYSE: JOBY ) shares gained Tuesday morning after the transportation company confirmed it formally applied to get its eVTOL (electric vertical take-off and landing) aircraft design certified for use in Japan.
- Joby’s ( JOBY ) application to the Japan Civil Aviation Bureau for the validation of an FAA "type certification" is a key step to launching aerial ridesharing services in Japan.
- Japanese and U.S. regulatory authorities have reached an agreement to deliver a streamlined approval process for U.S. applicants who wish to validate their eVTOL aircraft designs in Japan.
- JOBY shares were up over 1% premarket
For further details see:
Flying-taxi service Joby applies to bring eVTOL technology to Japan