Aerial taxi leader Joby completes major aircraft structure testing, taking a key step towards FAA certification

Global leader in the air taxi sector, Joby Aviation, announced that it has completed a series of milestone major aircraft structure tests to obtain certification from the Federal Aviation Administration (FAA). The company, headquartered in Santa Cruz, California, stated that it successfully completed static load testing of the tail structure, marking the first time the company tested its aircraft's major structure in the presence of FAA representatives. Importantly, the tests generated the data required for FAA aircraft model certification. Joby Aircraft OEM President Didier Papadopoulos stated, "The completion of the static load testing of the major aircraft structure marks an important step in Joby Aircraft's certification, and we are very pleased with the results." On Tuesday, pre-market trading saw Joby Aviation's stock rise 3.26% to $8.24. Year-to-date, the stock has increased by 20%, underperforming the S&P 500 index. Joby's short interest accounts for 9.9% of the total outstanding shares