About Joby
Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi. Joby intends to both operate its fast, quiet, and convenient air taxi service in cities around the world and sell its aircraft to other operators and partners. To learn more, visit www.jobyaviation.com.
About GACA
The General Authority for Civil Aviation (GACA) is the national civil aviation regulator for Saudi Arabia. GACA is responsible for delivering world-leading regulatory services that enhance competition, safety, security and sustainability in civil aviation globally. GACA enables Saudi Arabia to lead the world through aviation, providing world-class regulations, ensuring compliance and performance, ensuring competition and growth and protecting passengers.
GACA coordinates the implementation of the Saudi Aviation Program. The Program is transforming the entire Saudi aviation ecosystem to become the number one aviation sector in the Middle East, enabled by Vision 2030 and in line with the Kingdom’s National Transport and Logistics Strategy. The Program is unlocking US$100 billion in private and government investment across the Kingdom’s airports, airlines, and aviation support services. The Program will extend Saudi Arabia’s connectivity to 250 destinations, triple annual passenger traffic, establish two global long-haul connecting hubs, and increase air cargo capacity.
Forward-Looking Statements
This 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 to certify and operate our aircraft in Saudi Arabia, and the potential sale of up to 200 aircraft valued at approximately $1 billion under the partnership with Abdul Latif Jameel; 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 air taxi 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; complexities related to obtaining certification and operating in foreign markets; 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 February 27, 2025, our Quarterly Reports on Form 10-Q filed with the SEC on May 8, 2025 and August 7, 2025, 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 release. 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.
Media Contact:
Charles Stewart
press@jobyaviation.com
Investor Contact:
investors@jobyaviation.com