Delta Air Lines Invests in Air Taxi Startup

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(NewsNation) – Delta Air Lines is all about innovating in the aviation industry. On Tuesday, the legacy airline announced it would make an initial $60 million investment in Joby Aviation, a company developing an electric ride-hailing service.

As part of the multi-year, multi-market partnership, Delta will integrate Joby’s sustainable home-to-airport transportation service into its operations, using its technology for air taxis for Delta customers from New York and Los Angeles.

The Joby plane is quiet and fast and allows passengers to bypass the heavy traffic common in big cities. So, it makes sense that congested Los Angeles would be one of the first cities to introduce the plane.

“Delta is always looking forward and seizing opportunities to lead the future, and we have found in Joby a partner who shares our pioneering spirit and our commitment to delivering innovative and seamless experiences that are better for our customers, their journeys and our world,” Delta CEO Ed Bastian said in a press release. “This is a game-changing opportunity for Delta to provide a one-stop, fast home-to-airport solution for customers in key markets where we have invested and innovated for many years.

The initial equity investment has the potential to grow up to $200 million if significant milestones are achieved in the development and delivery of the service.

Delta passengers who choose to use the service can expect “seamless booking, streamlined transit and greater time savings,” Delta says on its website. The airline also says the partnership will extend to the UK for five years after its commercial launch, with potential for expansion thereafter.

“We share Delta’s unwavering commitment to delivering seamless and sustainable travel for customers,” said Joby Founder and CEO JoeBen Bevirt. “Their history of innovation, along with their extensive operational expertise and leadership on climate change, make them incredible partners for Joby, and it is an honor to work alongside them.”

Joby — which is the first electric vertical take-off and landing, or eVTOL, company to be granted a G-1 (Stage 4) certification basis for its aircraft by the FAA — represents the latest investment Delta has made to ensure passengers have the best customer experience.

This year alone, it unveiled multi-billion dollar terminal transformations at both New York’s LaGuardia Airport and Los Angeles International Airport.

“Delta differentiates and amplifies the customer experience with premium products, choices and solutions throughout the journey,” said Allison Ausband, executive vice president and chief customer experience officer, Delta. “Addressing what matters most to our customers is core to our purpose, and our work with Joby is the latest in a series of ways we’re making the travel experience more seamless, enjoyable and without the wait.”

Delta agrees with Los Angeles Mayor Eric Garcetti, who launched a nonprofit to help accelerate new mobility technologies, working with Archer, Hyundai and other design teams to help set the standard in municipal airspace regulations.

The Los Angeles Department of Transportation has already begun discussing potential regulations these taxis could face, focusing on noise levels and the impact on the overall quality of life and safety of passengers and citizens under them. flight paths.

Learn more about Joby’s innovative carpooling technology on their site

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