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Joby’s Manhattan Demo Highlights Path Toward Air Taxi Market

New York Times Business •
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Joby Aviation ferried a single‑pilot electric air taxi from JFK to Manhattan on April 27, landing at West 30th Street Heliport in just ten minutes. The flight, part of a federal pilot program, shows how the hybrid‑aircraft could cut city commutes from an hour to minutes. Joby positioned the demo as a step toward replacing noisy helicopters.

Washington’s 2025 program selected eight projects nationwide, including Joby’s New York run, to accelerate electric‑aircraft testing. Critics argue that the vehicles may cost up to $5 million each, outpacing helicopters, and that battery strain and weather limits could curb usage. Still, proponents say operating costs will drop as production scales.

Full commercial services await Federal Aviation Administration certification, a process that could stretch years due to safety scrutiny after the 737 Max incidents. Until then, Joby, Archer and Beta continue to build flight data under the pilot‑only program. Investors will watch whether the high upfront costs can be offset by lower operating expenses once the fleet expands.

If certification proceeds, airlines could deploy fleets that replace traditional helicopters in urban corridors, potentially reducing congestion and emissions. The investment from Toyota and Stellantis signals that major automakers see electric air taxis as a new growth avenue, mirroring the shift that spurred Tesla’s early car sales.