Joby Aviation flies all-electric aircraft at California International Airshow

Earlier this morning, Joby Aviation (JOBY) “announced it has flown its all-electric aircraft at the California International Airshow in Salinas, flying in its own backyard following landmark demonstration flights with ANA in Osaka, Japan that are expected to continue through October 13th. From Friday to Sunday, Joby completed three airshow demonstrations for a captivated California audience, including round-trip flights between Marina and Salinas. Each flight lifted off vertically from Marina, transitioned to cruise for the short flight to Salinas, and then back to hover with a pilot onboard. Audiences watched the aircraft perform a series of maneuvers, from steep climbs to precise hovers, before it returned back to Marina and landed vertically.” In afternoon trading, shares of Joby are up 5.5% at $19.26. In other eVTOL names, Archer Aviation (ACHR) shares are also gaining sharply – up 13% at $13.03.