Joby Aviation (JOBY) Status Update summary

Operational Readiness and Strategy

• Building a vertically integrated air taxi operation, including certification, pilot training, maintenance, and proprietary software systems for seamless, multimodal customer journeys.

• Three-pronged go-to-market strategy: U.S. domestic operations with partners, direct sales to defense and other partners, and international expansion, including a six-year exclusive deal in Dubai.

• FAA regulatory compliance is central, with processes and standards designed to transfer internationally via bilateral agreements.

• Partnerships include Delta Air Lines, Mukamalah (Saudi Aramco), and the U.S. Department of Defense, supporting both Joby-operated and partner-operated services.

• Initial launch markets include New York, Los Angeles, Dubai (exclusive six-year deal), and Abu Dhabi, with ongoing infrastructure development.

Certification, Training, and Maintenance

• Achieved Part 135 air carrier certificate in 2022 after a comprehensive, multi-phase process, enabling on-demand air taxi operations.

• Developed robust pilot training programs, including FAA-approved courses, high-fidelity simulators, and a six-week, aircraft-specific course in partnership with CAE.

• Private pilot training and ground school are underway as part of a future pilot academy.

• Secured Part 145 maintenance repair station certificate and a $1 million FAA grant to develop maintenance training programs, enabling in-house MRO operations.

• Comprehensive MRO strategy is being developed to maximize aircraft utilization globally.

Software and Technology Integration

• Built ElevateOS, an integrated operating system for air taxi operations, including pilot and rider apps, flight planning, and a matching engine, all designed for real-time, efficient service.

• ElevateOS received FAA authorization for use in commercial service and will be used for Joby's own operations and offered to select partners.

• Software enables seamless integration with partners like Uber and Delta, supporting both Joby-operated and partner-operated services.

• Real-world testing leveraged Part 135 certification, allowing team members to book, pay for, and experience on-demand flights using the system.

• Plans to offer software and training as services to selected partners and customers purchasing aircraft.