Official announcements from Joby Aviation or FAA records

FAA Finalizes Rules for Powered-Lift Aircraft, Boosting Joby and Archer Shares

Oct 22, 2024, 06:55 PM

The Federal Aviation Administration (FAA), under Administrator Mike Whitaker, has issued final rules for the integration of powered-lift aircraft—the first new aircraft category since the 1940s—into U.S. airspace. These include electric vertical takeoff and landing (eVTOL) vehicles such as air taxis and cargo services. The regulations establish training and certification requirements for pilots, marking the final piece in the puzzle for safely introducing these new aircraft into the national airspace system as early as 2025. Companies like Joby Aviation ($JOBY), whose shares rose over 12%, and Archer Aviation ($ACHR) are expected to benefit from the new rules, which pave the way for the commercialization of advanced air mobility.