Joby Aviation, RAKTA, Skyports Partner to Launch Air Taxi Service in Ras Al Khaimah by 2027

Joby Aviation Inc. (NYSE:JOBY) is one of the best performing large cap stocks to buy. On September 29, the Ras Al Khaimah Transport Authority/RAKTA, Joby Aviation, and Skyports Infrastructure announced a long-term collaboration to launch a passenger air taxi service network in the Emirate of Ras Al Khaimah/RAK by 2027

The partnership brings together RAKTA’s governmental support, Skyports’ expertise in developing vertiport infrastructure, and Joby’s all-electric vertical takeoff and landing/eVTOL aircraft to design, develop, and operate RAK’s first air taxi service. The new service aligns with RAK’s 2030 Mobility Master Plan to meet the growing demand for fast and convenient transport.

The service is expected to begin with an inter-emirate corridor, connecting Joby’s planned service in Dubai with RAK, which is a major step in advancing the UAE’s air mobility vision. The corridor will connect to landmark hospitality developments in RAK, including Al Marjan Island, where the new Wynn Al Marjan is set to open in 2027, and Jebel Jais.

Joby Aviation Inc. (NYSE:JOBY) is a vertically integrated air mobility company that builds electric vertical takeoff and landing aircraft optimized for air transportation as a service in the US and Dubai.

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Disclosure: None. This article is originally published at Insider Monkey.