Joby Aviation's ElevateOS Gets FAA Nod, Shares Up 0.8%

Jun 20, 2024, 10:18 AM

Joby Aviation has announced the launch of its 'ElevateOS' software suite for air taxi operations. The U.S. Federal Aviation Administration (FAA) has given regulatory clearance for Joby Aviation to use its in-house developed software for managing pilot workload and matching passengers. This approval comes after Joby acquired Uber’s air-taxi division in 2021, marking a significant milestone for the company in advancing its air-taxi services. Joby Aviation's stock was up 0.8% pre-market following the announcement.