Ahead of schedule
Joby Aviation (CSE IMCX / WKN A3DHG) has received a Part 141 certificate from the Federal Aviation Administration (FAA) for the training of pilots for its air taxis. At the same time, the FAA has reviewed Joby Aviation’s safety program developed in recent months and accepted it as compliant with the applicable legal requirements. This marks two extremely important milestones on the road to building and commercializing the company’s own air taxi services.
As unassuming as this message may seem at first glance, it is nevertheless at the same time important and decisive, because what is an airline without the possibility of training its own pilots and then providing them with regular training, and how do potential customers think they will react if it became known that the safety concept developed by the company does not meet legal requirements?
You don’t have to be a great prophet to anticipate that the hoped-for business success will not materialize in this case, because the operating license is missing and the trust of passengers would be absent from day one. For this reason, Joby Aviation has devoted a great deal of attention in recent months to developing a concept for training its own pilots that meets legal requirements and is accepted by the FAA.
Pilot training and safety concept: Two essential key elements are now in place
With the approval of Joby’s pilot training, the FAA is not only confirming the concept, but also paving the way for the development of a pool of suitable and well-trained pilots. Their recruitment and training will inevitably be the next major step for Joby Aviation on the road to launching its service. The pilots who get their licenses at Joby’s Flight Academy will not only be able to fly for Joby, but also for other companies, because the content of their training will be broad enough to enable them to fly safely to take off and land in other aircraft as well.
In addition to receiving the two certifications, investors can also be pleased that Joby Aviation received both FAA approvals much earlier than the company had initially expected. This small detail also contributes to the fact that the targeted commercialization can now take place more quickly. This brings the company closer to the moment when a pilot and up to four passengers can board a Joby air taxi and arrive at the airport much faster than would be the case with a traditional car journey or public transport.
Disclaimer: GOLDINVEST Consulting GmbH publishes comments, analyses and news on https://goldinvest.de. These contents are exclusively for the information of the readers and do not represent a call to action, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. Furthermore, they are in no way a substitute for individual expert investment advice and do not constitute an offer to sell the discussed stock(s) or a solicitation to buy or sell securities. It is expressly not a financial analysis, but a promotional/journalistic text. Readers who make investment decisions or execute transactions on the basis of the information provided here do so exclusively at their own risk. There is no contractual relationship between GOLDINVEST Consulting GmbH and its readers or the users of its offers, because our information refers only to the company, but not to the investment decision of the reader.
The acquisition of securities is associated with high risks, which can lead to a total loss of the invested capital. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research. Nevertheless, any liability for financial losses or the content guarantee for topicality, correctness, adequacy and completeness of the articles offered here is expressly excluded. Please also note our terms of use.
Pursuant to §34b WpHG and §48f Abs. 5 BörseG (Austria) we point out that GOLDINVEST Consulting GmbH and/or partners, principals or employees of GOLDINVEST Consulting GmbH hold shares in Ucore Rare Metals and therefore a conflict of interest exists. GOLDINVEST Consulting GmbH also reserves the right to buy or sell shares of the company at any time. In addition, GOLDINVEST Consulting GmbH is remunerated by Ucore Rare Metals for reporting on the company. This is another clear conflict of interest.