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Joby and Archer join FAA's eVTOL pilot testing program
CNBC· 2025-09-12 23:33
The Federal Aviation Administration said Friday it's launching a pilot program to speed up the rollout of air taxis.Archer Aviation and Joby Aviation, major players in the electric vertical takeoff and landing, or eVTOL, space, said they are participating in the program. Shares of each were higher on Friday.The program will establish at least five projects through public-private partnerships with state and local governments to promote safe usage of electric vertical takeoff and landing aircraft."The next gr ...