Why Joby Aviation Shares Are High Flying Today
The acquisition gives Joby direct access to Blade's high-traffic terminals in New York and southern Europeprime infrastructure for urban air mobility. Blade's passenger division, which flew over 50,000 people in 2024 from 12 terminals including JFK, Newark, and Wall Street, will continue operating as a wholly-owned subsidiary led by Blade CEO Rob Wiesenthal.
Warning! GuruFocus has detected 4 Warning Signs with JOBY.
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The deal excludes Blade's medical transport division, which remains a separate publicly traded company. However, both firms plan to collaborate on medical transportation going forward.
For Joby, the acquisition arrives ahead of its planned air taxi rollout in Dubai next year and positions the company to leverage a loyal customer base and urban footprint as it seeks FAA certification.
This is another strategic play for Joby as it competes to be first to the market with commercialised electrical vertical take-off and landing (eVTOL) aircraft. Joby has laid out foundation for real-world deployment on infrastructure, leadership continuity, brand alignment.
This article first appeared on GuruFocus.
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