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The first quarter of 2025 has brought significant challenges for technology investors. With the S&P 500 (^GSPC 1.08%) struggling amid renewed trade tensions and economic policy shifts under the Trump administration, many innovative companies have seen their market valuations compress dramatically -- regardless of their operational progress.
Joby Aviation's NYSE: JOBY announcement of a partnership with Virgin Atlantic to launch an air taxi service in the UK is a major development in the urban air mobility sector. Revealed on March 16, 2025, the collaboration with the premium long-haul UK airline validates Joby's technology and business model.
JoeBen Bevirt, CEO of air taxi company Joby, says the company's new partnership with Virgin Atlantic will bring air taxis to London and Manchester in “just a few years." He spoke with Caroline Hyde and Tim Stenovec on “Bloomberg Technology.
Joby Aviation Inc (NYSE:JOBY) is bringing its electric air taxis to the UK through a new partnership with Virgin Atlantic. The deal will see the companies work together to launch zero-emission, short-range flights connecting cities and airports, starting with Heathrow and Manchester.
Joby Aviation is partnering with Virgin Atlantic to launch flying taxis in the United Kingdom. The company said the air taxi can carry up to four passengers.
The skies over London could soon get a lot more exciting.
SANTA CRUZ, Calif. & LONDON--(BUSINESS WIRE)--Joby Aviation, Inc. (NYSE:JOBY), a California-based company developing electric air taxis for commercial passenger service, today announced a partnership with Virgin Atlantic, a premium long-haul UK airline, that will see the companies partner on the launch of Joby's revolutionary air taxi service in the UK. The partnership builds on an existing agreement between Joby and Delta Air Lines – which owns a 49 percent stake in Virgin Atlantic – to launch.
Joby Aviation is partnering with Virgin Atlantic to launch electric air taxis in the U.K., marking the seventh country in which the startup hopes to one day commercialize.
2025 is a crucial year for electric Vertical Take-Off and Landing (eVTOL) stocks, with Joby Aviation NYSE: JOBY and Archer Aviation NYSE: ACHR leading the charge.
Joby Aviation NYSE: JOBY has emerged as a pioneering force in the rapidly evolving urban air mobility sector. The company's significant advancements in the electric vertical take-off and landing (eVTOL) industry position it as a frontrunner in the race to revolutionize transportation.