Joby Aviation and real‑estate developer Reuben Brothers have announced a partnership to build an air‑taxi vertiport at the Park Elm Residences at Century Plaza in Century City, Los Angeles. The project will use the building’s existing helipad to support Joby’s all‑electric, vertical‑take‑off and landing aircraft and will feature a dedicated passenger lounge modeled after Joby’s Blade lounges.
The partnership marks the first residential vertiport in Los Angeles and is part of Joby’s broader strategy to expand its commercial service footprint by integrating air‑taxi infrastructure into existing urban environments. By partnering with a high‑profile developer, Joby gains a ready‑made customer base and a prime location that can accelerate the rollout of its service.
Joby is in the final stages of certifying its aircraft for commercial operations. The company has received FAA acceptance for its Safety Management System, a Part 141 certificate for its flight academy, and is conducting testing under a Type Inspection Authorization. It has also been selected for early operations in 10 U.S. states as part of the White House‑backed eVTOL Integration Pilot Program.
Joby’s aircraft is designed for quiet, zero‑emission operation, carrying one pilot and four passengers at a top speed of 200 mph and a range of 100 miles. The use of the existing helipad and the planned lounge are intended to provide a seamless, premium experience for residents and visitors alike.
Analysts have given the partnership a mixed outlook, with a consensus rating of “Hold” or “Reduce” and an average 12‑month price target of $13.25–$13.81. CEO JoeBen Bevirt said that 2026 will mark a key inflection point for Joby and that the company is confident in scaling production to meet demand.
Joby maintains a strong balance sheet with significant cash reserves and no debt, but the company remains loss‑making and expects to raise additional capital to support its expansion. Production capacity is slated to double to four aircraft per month in the U.S. by 2027, a move that underpins the company’s long‑term growth strategy.
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