Joby Receives FAA Approval for Propulsion Certification Plan
February 09 2024 - 9:00AM
Business Wire
- FAA acceptance of propulsion certification plan marks
critical step towards type certification
- All structural, mechanical, and electrical system
certification plans now accepted by FAA
- Joby continues to demonstrate sector-leading progress on
certifying its air taxi with the FAA
Joby Aviation, Inc. (NYSE:JOBY), a company developing electric
air taxis for commercial passenger service, today announced the
Federal Aviation Administration (“FAA”) has accepted its
certification plan for Joby’s propulsion system, marking a critical
step towards receiving type certification for the Company’s
aircraft.
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Joby’s all-electric aircraft in flight
above Marina, California. Joby Aviation photo
The propulsion system, designed by Joby, is central to the
sector-leading performance of the Joby aircraft. The accepted
certification plan includes Joby’s electric propulsion unit,
propeller system, variable pitch actuation, coolant pump, nacelles,
and associated electrical wiring, clearly defining the route to
certifying these systems for use in commercial passenger
operations.
“We now have an approved path across our certification program
for all of the structural, mechanical, and electrical systems of
our aircraft. This sets the stage for our team to execute against
that path with a well-defined approach to for-credit testing and
analysis as we continue to lead the industry towards certifying an
electric air taxi with the FAA,” said Didier Papadopoulos,
President of Aircraft OEM at Joby.
“I’m grateful to the incredible Joby team as well as the
dedicated personnel at the FAA who continue to work hard to bring
safety and innovation together, keeping the United States at the
forefront of new aviation technology and capabilities.”
The FAA type certification process is a rigorous review of the
design, manufacturing, and performance of a novel aircraft type,
requiring the applicant company to demonstrate that every aspect of
its aircraft meets applicable safety regulations.
With all but one certification plan accepted and the final
document currently under FAA review, Joby is nearing completion of
the third of five phases of the type certification process and has
shifted its focus to the fourth stage, comprising detailed testing
and analysis across the aircraft’s components and systems.
In 2023, Joby completed 30 for-credit tests with the FAA,
covering a number of flight electronics units as well as structural
materials. The testing methods and processes validated through
these tests lay the foundation for the Company’s continued
expansion of FAA for-credit testing.
Joby also recently received its Part 145 Maintenance Certificate
from the FAA, allowing the Company to perform select maintenance
activities on aircraft and marking another key step on the path to
commercializing Joby’s electric air taxi service.
Joby’s electric air taxi is designed to carry a pilot and four
passengers at speeds of up to 200 mph, offering high-speed mobility
with a fraction of the noise produced by helicopters and zero
operating emissions.
About Joby
Joby Aviation, Inc. (NYSE:JOBY) is a California-based
transportation company developing an all-electric, vertical
take-off and landing air taxi which it intends to operate as part
of a fast, quiet, and convenient service in cities around the
world. To learn more, visit www.jobyaviation.com.
Forward Looking Statements
This press release contains “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including but not limited
to, statements regarding the development and performance of our
aircraft, our regulatory outlook, progress and timing; our business
plan, objectives, goals and market opportunity. You can identify
forward-looking statements by the fact that they do not relate
strictly to historical or current facts. These statements may
include words such as “anticipate”, “estimate”, “expect”,
“project”, “plan”, “intend”, “believe”, “may”, “will”, “should”,
“can have”, “likely” and other words and terms of similar meaning
in connection with any discussion of the timing or nature of future
operating or financial performance or other events. All forward
looking statements are subject to risks and uncertainties that may
cause actual results to differ materially, including: our ability
to launch our aerial ridesharing service and the growth of the
urban air mobility market generally; our ability to produce
aircraft that meet our performance expectations in the volumes and
on the timelines that we project, and our ability to launch our
service; the competitive environment in which we operate; our
future capital needs; our ability to adequately protect and enforce
our intellectual property rights; our ability to effectively
respond to evolving regulations and standards relating to our
aircraft; our reliance on third-party suppliers and service
partners; uncertainties related to our estimates of the size of the
market for our service and future revenue opportunities; and other
important factors discussed in the section titled “Risk Factors” in
our Annual Report on Form 10-K, filed with the Securities and
Exchange Commission (the “SEC”) on March 1, 2023, and in future
filings and other reports we file with or furnish to the SEC. Any
such forward-looking statements represent management’s estimates
and beliefs as of the date of this presentation. While we may elect
to update such forward-looking statements at some point in the
future, we disclaim any obligation to do so, even if subsequent
events cause our views to change.
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version on businesswire.com: https://www.businesswire.com/news/home/20240209193688/en/
Joby Aviation Investors: investors@jobyaviation.com
Media: press@jobyaviation.com
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