Joby Aviation Inc. said Thursday it has received a certificate from the Federal Aviation Administration (FAA) that would allow it to launch its air-taxi operations commercially.
Although the certificate gives the necessary clearances and is a significant milestone, the company still has some regulatory barriers before its five-seater aircraft can legally fly passengers.
The FAA’s Part 135 Air Carrier Certificate is one of the three major regulatory approvals for the launch of the All-Electric Aerial Ridesharing Service in 2024.
The certification will allow Toyota-backed Joby to operate its electric vertical take-off and landing (eVTOL) aircraft as an air taxi service to cities and communities across the United States.
In February, Joby’s piloted prototype plane crashed during a flight test at a California base, but no injuries were reported.
Earlier this month, the FAA said it had changed its approach to approving pilots for future EVTOL aircraft, but did not expect it to delay certification or operational approval.
Joby reported a net loss of $ 62.3 million in the first quarter of this year and identified costs related to aircraft certification and initial manufacturing activities.
(Reporting by Aishwarya Nair in Bangalore; Editing by Anil D’Silva)