Joby Aviation Resumes Flight Testing Of eVTOL Aircraft

Joby Aviation Inc JOBY resumed flight testing of its second pre-production prototype aircraft at the pilot production facility in Marina, California.
Joby’s internal safety review board lifted the pause on flight testing earlier this week, which it voluntarily enforced following an accident concerning the first pre-production prototype earlier this year.
The aircraft first flew in January, having received approval to fly from the Federal Aviation Administration (FAA) and the U.S. Air Force.
It has made a total of 38 flights, reaching speeds of more than 90 miles per hour, in support of Joby’s aircraft type certification program.
Price Action: JOBY shares are trading lower by 4.95% at $5.29 on the last check Thursday.