Joby Aviation, Inc. (NYSE:JOBY), a company developing electric
vertical take-off and landing (eVTOL) aircraft for commercial
passenger service, today announced it has signed a definitive
agreement with Helo Holdings, Inc. (“HHI”), to install the first
air taxi charger in the greater New York City region at the
company’s heliport in Kearny, New Jersey, located just a two minute
flight from Manhattan.
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Joby's all-electric aircraft in flight
above New York City in November 2023. Joby Aviation photo
The agreement, which provides Joby with an operational base for
its electric air taxi in the NYC region, builds on the partnership
already established between Joby and HHI in November 2023, when
Kearny served as a temporary home base for Joby’s aircraft. Joby
completed several flights at Kearny in preparation for the
Company’s exhibition flight in New York City at an event hosted by
the New York City Economic Development Corporation and Mayor Eric
Adams. The city has committed to electrify the Downtown Manhattan
Heliport to enable electric air taxi operations.
First opened in 2011, the Kearny heliport is the largest
vertical-lift facility on the east coast with 27 parking spots for
helicopters and plans to expand to 32. The heliport provides ground
services as well as hangar space for maintenance operations to
helicopter operators in the NYC region, one of the busiest
low-altitude corridors in the world.
As part of the agreement, HHI will upgrade its electrical
infrastructure to support the installation of Joby’s Global
Electric Aviation Charging System (“GEACS”), designed to support
the safe and efficient operation of all electric aircraft under
development today, including Joby’s quiet, emissions-free air
taxi.
“We’re pleased to expand our partnership with HHI as we prepare
to install our GEACS charging system at Kearny Heliport. Kearny is
expected to become the first heliport with an air taxi charger in
the tri-state area and enable the launch of our quiet,
emissions-free air taxi service in the greater New York City
region,” said JoeBen Bevirt, Founder and CEO of Joby.
The GEACS charging interface is already in use at Joby’s flight
test center in Marina, California and at Edwards Air Force Base.
Joby recently announced a definitive agreement with Clay Lacy
Aviation to install a charging system at John Wayne Airport (SNA)
in Orange County, CA.
Jeff Hyman, Founder and CEO of HHI, commented, “We continue to
expand our footprint in Kearny in support of one of the busiest
low-altitude corridors in the world, and we’re thrilled to partner
with Joby, one of the leading developers of electric air taxis, to
bring the next wave of quiet aircraft to residents of the tri-state
area.”
In 2022, Joby announced a multi-year, multi-city commercial and
operational partnership with Delta Air Lines to deliver seamless
airport trips for its customers across several locations, including
Los Angeles and New York City.
Joby’s 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 no in-flight
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.
About HHI
Helo Holdings, Inc. has over twelve years of experience in
heliport operations in the Northeast Corridor. In 2010, HHI opened
the Kearny Heliport, located in Kearny, New Jersey, just two
minutes' flying time from Manhattan. Situated in the busiest
helicopter corridor in the world, the facility offers tarmac
parking spaces for 28 helicopters, 63,500 square feet of hangar
space as well as office space, maintenance services, a
pilot-friendly amenities lounge, and a 24,000-gallon fuel facility.
HHI has owned, expanded and operated this vibrant heliport since
its inception, carrying out day-to-day heliport operations, flight
tracking, aviation facilities management, management of helicopter
service providers, and aviation property management. Kearny
Heliport has been awarded Heliport of the Year in 2013, 2019, 2022
& 2023 by ERHC.
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, the growth of our manufacturing capabilities, our
regulatory outlook, progress and timing; our business plan,
objectives, goals and market opportunity; plans for, and potential
benefits of, our strategic partnerships; and the planned locations
for our services. 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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