Skygofly

10/25/2024

Joby Aviation, Inc. (NYSE: JOBY), a company developing electric air taxis for commercial passenger service, announced today the pricing of its underwritten public offering of 40,000,000 shares of common stock at a public offering price of $5.05 per share, before underwriting discounts and commissions.

All of the shares of common stock are being offered by Joby. In addition, Joby has granted the underwriters a 30-day option to purchase up to an additional 6,000,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Joby, are expected to be $202 million, excluding any exercise of the underwriters’ option to purchase additional shares.

Joby currently intends to use the net proceeds that it will receive from the offering, together with existing cash, cash equivalents and short-term investments, to fund its certification and manufacturing efforts, prepare for commercial operations and for general working capital and other general corporate purposes. The offering is expected to close on October 28, 2024, subject to satisfaction of customary closing conditions.

Morgan Stanley and Allen & Company LLC are acting as joint book-running managers for the offering.

A registration statement on Form S-3 relating to the shares being sold in this offering was filed with the U.S. Securities and Exchange Commission (the “SEC”) on October 24, 2024 and became automatically effective upon filing. This offering is being made only by means of a prospectus. A copy of the final prospectus supplement and the accompanying prospectus relating to this offering, when available, may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, a copy of the final prospectus supplement and the accompanying prospectus relating to this offering, when available, may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; or Allen & Company LLC, Attention: Prospectus Department, 711 Fifth Avenue, New York, New York 10022.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Joby

Joby Aviation, Inc. (NYSE: JOBY) is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi, which it intends to operate as part of a fast, quiet and convenient service in cities around the world.

09/10/2024

03/27/2024

Viasat has been chosen by Korean Air, the national airline of South Korea, to provide in-flight connectivity for an additional 40 aircraft. This decision follows a previous announcement that Korean Air would equip 30 Airbus A321Neos with Viasat’s connectivity solutions, marking the airline’s first venture into in-flight connectivity.

Viasat expands its partnership with Korean Air, adding high-speed in-flight connectivity to 40 more aircraft, aiming for a total of 70 equipped planes by 2027.

03/27/2024

JetBlue Airways has announced it will cease its direct service between Austin and Fort Lauderdale, Florida, starting May 1, according to a statement provided to KXAN. Despite this change, the airline will maintain its nonstop flights from Austin-Bergstrom International Airport to New York JFK and Boston.

Passengers seeking alternative nonstop services to Fort Lauderdale can still choose from offerings by Southwest Airlines and Spirit Airlines.

JetBlue discontinues its nonstop flight from Austin to Fort Lauderdale starting May 1, as part of a broader operational scale-back.

03/26/2024

In a notable move towards expanding its widebody fleet, EL AL, the flag carrier of Israel, has entered into a preliminary agreement with Boeing for up to nine additional 787-9 Dreamliner aircraft, as reported by Simple Flying and Flight Global.

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03/26/2024

Swiss airline Edelweiss will be the first airline in Switzerland to incorporate the Airbus A350 into its fleet, starting in April 2025. The airline has announced plans to acquire six Airbus A350-900 aircraft, marking a significant enhancement in its long-haul service capabilities and environmental performance.

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03/26/2024

Southwest Airlines, a company known for its distinctive approach to air travel, is set to introduce overnight flights for the first time in its 57-year history.

The new service will include routes from Las Vegas to Hawaii. Although a specific start date has not been announced, Ryan Green, Southwest’s Chief Commercial Officer, indicated the airline aims to commence these “red-eye flights” within approximately two years.

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03/26/2024

Mexican airline Aerus has unveiled plans to introduce six new routes across the Yucatan Peninsula, enhancing connectivity and tourism within the region. Starting May 13, 2024, the carrier will commence direct services between Cancun and Cozumel, as well as between Cancun and Merida. The expansion continues from July 1, with additional routes from Cancun to Chetumal and from Cozumel to Chichén Itzá.

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03/25/2024

Scoot, the Singapore-based budget airline, is set to expand its operations in Northeast Asia, offering six additional flights that will all route through Taipei starting from April 1.

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03/25/2024

David Neeleman, the founder and CEO of Breeze Airways, has laid out an ambitious vision for the future of the airline, which commenced operations in 2021. In a recent announcement, Neeleman revealed plans for Breeze Airways to expand its route network tenfold, aiming to operate up to 2,000 routes.

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03/25/2024

Boeing has announced significant leadership changes, signaling a major shift in the aerospace giant’s strategy amid ongoing challenges. Dave Calhoun, the current CEO, is set to leave his position by the end of 2024, a move he describes as entirely his decision.

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03/25/2024

Pacific Airlines, a budget carrier subsidiary of Vietnam Airlines formerly known as Jetstar Pacific, has announced a temporary cessation of its commercial operations.

According to a statement from the airline, the suspension is part of a strategic move to “restructure its fleet and route network to ensure and enhance operational efficiency.” The decision entails a temporary halt on certain routes and flights.

Vietnam's Pacific Airlines pauses commercial service for fleet and network restructuring, aiming to enhance operational efficiency.

03/25/2024

EasyJet, in collaboration with Birmingham Airport, has expanded its UK operations by inaugurating a new base in Birmingham on March 18. This strategic move introduces 16 new routes from Birmingham, including to popular destinations such as Majorca, Paris, and Amsterdam.

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easyJet collaborates with Birmingham Airport to launch a new base, heralding a new era of growth for the UK's fastest-growing airline and holiday company.

03/24/2024

The top executives from American Airlines, United Airlines, Visa, and Mastercard will not be present at a Senate Judiciary Committee hearing scheduled for April 9, as announced by the committee’s chair, Senator Dick Durbin.

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03/24/2024

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The FBI has informed passengers of the Alaska Boeing 737 Max door plug incident about a potential crime after a door-plug panel was lost in flight.

03/24/2024

The Federal Aviation Administration (FAA) is contemplating additional provisional operational restrictions against United Airlines, sources close to the situation disclosed to CBS News.

This development follows after United Airlines informed its employees of potential actions in a letter released on Friday. The FAA’s consideration comes in the wake of several alarming incidents involving United Airlines’ aircraft in the past month, including a situation where a wheel detached from a Boeing 777, and another incident where a panel became dislodged from an older Boeing 737.

The FAA is reviewing temporary measures against United Airlines following a series of aircraft safety incidents with discussions on operational restrictions.