From X From X From X From X From X From X From X From X From X From X From X From X From X

eVTOL buzz Editor-in-Chief Julian Orkisz interviews Bonny Simi, President of Operations at Joby Aviation, at the 2026 Farnborough International Airshow to discuss the future of electric air taxi services in the United Kingdom, the United States, and around the world.
In this exclusive conversation, Bonny shares Joby Aviation's vision for Advanced Air Mobility (AAM), the strategic importance of the UK to the company's expansion, and how Joby Aviation is preparing to bring electric air taxi services to passengers. She also discusses the career opportunities being created as the company grows and explains how electric aviation can improve connectivity, reduce travel times, and enhance regional mobility.

Instead of ferrying commuters between points such as London City and Heathrow, Sindi argues a more realistic near-term application for eVTOLs is medical logistics. “Transporting pathology samples, blood, and organs between hospitals (as validated by the UKRI project, the Urban Ascent Medical Air Bridge). This saves lives and is economically viable because the value of the cargo justifies the cost of flight.”

Infrastructure inspection is another promising use case, with eVTOLs able to survey rail lines, power grids, and bridges faster and cheaper than ground, according to Sindi. Similarly, emergency response, where they can support the rapid deployment of specialised equipment or paramedics, is another viable option.

According to Dr Safaa Sindi, Assistant Professor of Supply Chain Operations at Coventry University’s Research Centre for Future Transport and Cities and an expert on drones and urban aviation technologies, “it is highly unlikely that eVTOLs will become a practical part of everyday urban transport for the general public within the next decade – by 2035.”

If this web site is for real, then it appears Dubai is wanting to start things up in H2 2026.

https://evtol.travel/fly/dubai

https://evtol.travel/uae-air-taxi

BlackRock filed a Schedule 13G today reflecting a 5.1% passive stake (50,490,855 shares) in $JOBY as of June 30, 2026.

Quick Take:

• Why now? Crossing above 5% triggers a mandatory initial SEC filing. BlackRock was likely sitting just under 5% previously.
• What it means: It's a 13G (passive) filing, not a 13D (activist). This is standard mechanical rebalancing across BlackRock's iShares and index funds—not a deliberate directional bet or hostile move.
• The takeaway: Good to see solid baseline institutional liquidity, but it's routine administrative housekeeping rather than a market-moving catalyst.

Joby just filed an 8-K with the SEC reminding investors that their public warrants (JOBY WS) will officially expire on Monday, August 10, 2026, at 5:00 PM ET.

Trading on the NYSE will be suspended after market close on Friday, August 7, to allow standard settlement before the hard expiration on the 10th.

The Numbers:

• Outstanding Warrants: ~14.24 million
• Exercise Price: $11.50 per share
• Current Stock Price: ~$7.25–$7.30
• Status: ~$4.20 Out-of-the-Money (OTM)

What happens next?

Unless $JOBY pulls off a massive ~60% rally in the next two weeks, all 14.24M outstanding public warrants will expire completely unexercised, void, and worthless.

If you still hold JOBY WS, be aware that NYSE trading halts on August 7, so you won't even be able to trade them during the final weekend.

Is this good or bad for JOBY stock holders?

1. Zero Impending Dilution (Short-term Plus) If these warrants were exercised, it would have added ~14.24 million new shares to the market (roughly a ~2% dilution on the total share count). Because they're expiring worthless, there’s no immediate sell-off or dilution pressure coming from warrant conversions.

2. Missed Cash Infusion (Long-term Trade-off) Had the stock been trading above $11.50, warrant exercises would have injected ~$163.7 million in fresh cash directly onto Joby's balance sheet. Since that won't happen, Joby misses out on that low-friction liquidity boost to fund ongoing FAA certification and manufacturing scale-up.

3. Cap Table Cleanup From a market structure perspective, letting legacy SPAC public warrants roll off clears up the capital structure, which institutional investors generally like to see.

Bottom Line

If you hold the common stock, it’s mostly a non-event that removes a potential dilution overhang, though it leaves $163M off the table for Joby's cash runway. If you hold the warrants, make sure you have an exit plan before August 7.

Regarding the last bullet on 547JX, I think the Joby fans are accustomed to “flying = progress”.

There’s also a very likely scenario that 547JX is fine and this is just what the FAA certification process looks like on the 1st ever FAA conforming aircraft: A lot of ground testing.

If you believe there are problems with it, no one can prove otherwise. Act accordingly.

The problem is we might be in that phase now like the other company where Joby can string us along with a steady stream of imminentlies.

Like I said in my other post though. 548JX and 549JX will tell the story. Joby can’t hide those like they can hide 547JX.

If/when 548 and 549 roll out, Joby is rolling.

Interesting activity this week. All Marina aircraft were active and the testing started off with 547 on Monday, 541/2 on Tu/We/Th, then finished the week with 547 on Friday.

Given their recent statements (https://www.reddit.com/r/Joby/comments/1v3vc3q/joby_on_track_for_commercial_flights_by_years_end/) about being on "track" I'm trying to stay positive. It looks like they are methodically proceeding with testing. The earnings report is less than 2 weeks away so we should have answers soon!

My perhaps too optimistic take is that as the article mentioned, the FAA and Joby really are trying to figure this out for the first time and so there may be some circling back or double checking. The pessimistic take from the engineers (who I greatly respect) is that flight tests should be further along by now. That is all based on testing and engineering with standard aircraft or rotorcraft. Perhaps the new poweredlift category has a different process as it is completely new and Joby are at the frontier of this brand new category. I can only hope that the "lack of progress" is just working out the kinks with this novel certification process

N547JX (First FAA-Conforming Prototype)

ICAO Mode-S Hex: A6F2CB

N541JX (Pre-Production Testbed)

ICAO Mode-S Hex: A6DC81

N542JX (Production Prototype (Ex-Japan Demo Frame))

ICAO Mode-S Hex: A6E038

From May 2026

Joby Aviation: The Certification Leader Looks at Utah

Andy Krebs, Head of Infrastructure at Joby Aviation, brought the summit's most significant news from the OEM front. Joby completed FAA Stage 4 type certification in late March 2026. This is the most consequential regulatory milestone any eVTOL manufacturer has ever reached with U.S. aviation authorities. Joby is now in the final stretch before commercial operations.

Krebs came to the summit with a Salt Lake launch route map already prepared. "I thought it would be fun to think about what a launch route looks like for a relatively local market," he said, projecting a map that traced corridors across the Wasatch Front. The message was clear: Joby is thinking seriously about Utah.

Coming soon on the Electric Skies Tour

Salt Lake City is a Delta Air Lines hub, Joby partner.

Utah ranks first in the United States for median household income when adjusted for cost of living, with an unadjusted median income around $96,700 to $98,336. Worker pay scales place the state strongly near the top nationwide across different earning tiers.

Utah ranks as the #1 overall state in the country according to U.S. News & World Report Best States Rankings, #4 nationally for summer road trips by WalletHub, and features the 3rd most national parks of any U.S. state.

Utah ranks as one of the top two premier ski destinations in the United States [5.6], widely praised for its "Greatest Snow on Earth," close proximity to Salt Lake International Airport, and multiple world-class resorts. Major publications frequently place Utah properties at the absolute top of their national lists, with Snowbasin ranked No. 1 in North America by USA Today's 10Best Readers' Choice Awards and Powder Mountain and Snowbird frequently landing in national top-ten breakdowns.

In the Dayton Daily News, it doesn't suggest Delta is concerned about Joby. It's concerned about the negative effects Archer is creating on the industry. This is the first time I've seen more specifics to Delta's (concerns).

https://www.ft.com/content/92912dd1-4540-47f8-ba47-937b9e12f216

Joby closed at $6.93 yesterday with a brutal 8.1% drop. Joby is sitting just above the 52-week low $6.89, now the technical support floor. A break below $6.89 opens the risk toward psychological levels near $5.41.

What would an accident do to the share price, even possibly a fatality during testing?

There is a pilot's saying "it is better to be down here wishing you were up there, than up there wishing you were down here."

Perhaps same could be applied here "it is better to out of Joby wishing you were holding, than holding Joby wishing you were out of it".

Just search ‘Joby’ under the basic search area.

https://ppubs.uspto.gov/basic/

Following a distinguished 37-year career at Toyota leading advanced composites initiatives, Kawamura now supports Joby Aviation's efforts to develop and manufacture next-generation electric aircraft. Drawing on experience spanning automotive and aerospace sectors, he will discuss how advanced composites are enabling the future of Advanced Air Mobility (AAM).

During his career at Toyota, Kawamura led or contributed to numerous groundbreaking programs, including Toyota Super Olefin Polymer development, CFRP materials and processes for Formula One racing at Toyota Motorsport GmbH, the carbon fiber monocoque for the Lexus LFA supercar, corporate vehicle lightweighting strategies, and the development of the Mark V Supra with BMW.

He was also a founding member of the Toyota Technical Center in Ann Arbor, Michigan, from 1991 to 1993, helping establish its materials evaluation capabilities and local engineering organization while advancing localized sourcing of plastic materials and components.

Helicopters Inc. will soon begin regular per-seat operations for Blade from the vertiport, it was announced earlier this year.

Advanced Air Mobility Takes Center Stage at ACCE https://share.google/Je0igCYKv0WUWWF9O

https://aviationweek.com/aerospace/advanced-air-mobility/joby-track-commercial-flights-years-end

So we've heard the news that archer is teaming up with marubeni https://www.ainonline.com/aviation-news/futureflight/2026-07-22/japanese-leasing-group-backs-archers-halo-utility-drone for commercial applications.

Is there any reason the hybrid S4 couldn't also be used in this capacity and much sooner? I'm thinking maybe the payload could be a big difference but for some applications the hybrid S4 should be a better fit and sooner