Joby Receives Part 145 Maintenance Certificate from FAA
08 February 2024 - 9:00PM
Business Wire
• Believed to be the first eVTOL
developer to receive a Part 145 Maintenance Certificate
• Lays foundation for future maintenance, repair and
overhaul services of its eVTOL aircraft fleet • Part
of Joby’s vertically-integrated approach to bringing revolutionary
technology to market
Joby Aviation, Inc. (NYSE:JOBY), a company developing electric
vertical take-off and landing (eVTOL) aircraft for commercial
passenger service, today announced it has received its Part 145
Repair Station Certificate from the FAA, qualifying 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.
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Joby’s all-electric aircraft in flight
above Marina, California. Joby Aviation photo
Joby is believed to be the first eVTOL developer to receive a
Part 145 Certificate from the FAA, which will lay the foundation
for Joby to perform maintenance, repair, and overhaul (MRO)
services on its eVTOL aircraft once it is certified for commercial
operations.
Bonny Simi, President of Operations, commented: “This approval
marks another foundational piece of Joby’s vertically-integrated
strategy, including aircraft development, manufacturing, charging
systems, commercial flight operations, and now maintenance
operations, as we prepare to bring our revolutionary eVTOL aircraft
to market.”
“Receiving our Part 145 certificate from the FAA is an important
step towards developing the needed maintenance, repair and overhaul
services to support Joby’s commercial flight operations, as well as
establishing career pipelines for people who want to become eVTOL
aircraft technicians.”
Under the Part 145 certificate, Joby will begin performing
select airframe, radio, and instrument repairs on traditional
aircraft, with plans to expand its MRO services in the coming
months and years. The certificate also allows Joby to provide paid
on-the-job training to aspiring aircraft technicians.
In 2022, Joby partnered with Aviation High School in Queens, New
York, to develop local talent and integrate course materials on
electric propulsion systems for students, preparing graduates for
career opportunities in the next generation of quiet,
emissions-free flight.
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, the growth of our manufacturing and maintenance
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 our
current expectations relating to our business, financial condition,
results of operations, prospects, capital needs and growth of our
operations, including the expected benefits of our
vertically-integrated business model. 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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