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Joby To Launch High-Speed Air Taxi Service In Dubai
The agreement grants Joby exclusive rights to operate a fleet of air taxis in Dubai for six years, with operations beginning as soon as 2025.
Electric aircraft company Joby Aviation, has announced an agreement with Dubai’s Road and Transport Authority (RTA) to introduce air taxi services in the Emirate by early 2026, with plans for initial operations as soon as 2025.
The agreement, formalized at the World Governments Summit in Dubai, grants Joby exclusive rights to operate air taxis in Dubai for six years. The partnership aims to position Dubai as a global leader in swift, environmentally friendly, and noise-conscious air travel using Joby’s groundbreaking technology.
JoeBen Bevirt, CEO and founder of Joby Aviation, commented: “It is an honor to partner with the government of Dubai to demonstrate the value of sustainable air travel to the world. Today’s landmark agreement delivers on all three ingredients required to successfully launch an air taxi service – a definitive path to operations, well-placed infrastructure supported by dedicated partners, and an aircraft with the capacity and range to deliver meaningful journeys”.
Joby has also forged an agreement with Skyports, who are tasked with the design, construction, and management of four initial vertiport sites at Dubai International Airport (DXB), Palm Jumeirah, Dubai Marina, and Dubai Downtown.
Joby’s aircraft, unveiled for the first time in the region at the World Governments Summit, is engineered to accommodate a pilot and four passengers, achieving speeds of up to 200 miles per hour for a projected travel time of just 10 minutes from Dubai International Airport to Palm Jumeirah, as opposed to the 45 minutes it takes by car.
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His Excellency Mattar Al Tayer, Director-General, Chairman of the Board of Executive Directors for RTA, also released a statement, explaining, “The air taxi service is part of RTA’s efforts to embrace future transportation technologies and offers a novel and efficient mobility option for Dubai’s residents and visitors, enabling fast, safe, and convenient travel to key city spots. This service will also enhance seamless multimodal transportation, improving citywide connectivity and ensuring a smooth travel experience for passengers”.
In the future, RTA, Joby, and Skyports will integrate the service into Dubai’s broader public transportation network. Joby has established a local operating entity to bolster its operations in Dubai and plans to predominantly hire locally for its operational team. Additionally, the company is open to localizing other global business activities in Dubai and the surrounding region.
News
NEOPAY Wants To Follow Merchants Across Channels And Borders
A controlling 65% stake in noon payments would give NEOPAY access to marketplace sellers, online merchants and the payment flows they generate.
It’s been a long time since checkouts were single defined places. A merchant might take payments at a physical register, on its own website and through an online marketplace, sometimes in more than one country. NEOPAY wants to follow those transactions wherever they happen.
The UAE payments company has entered into an agreement to acquire a 65% controlling stake in noon payments. NEOPAY already runs the acquiring infrastructure that lets merchants accept card payments, along with omnichannel acceptance and a merchant services platform. This new deal would add noon payments’ embedded payments platform, e-commerce gateway and merchant network across the UAE, Saudi Arabia and Egypt. That would considerably expand both NEOPAY’s digital commerce capabilities and its regional reach.
For merchants, the attraction is a single provider for online and in-store payments, plus faster settlements, data and analytics, and value-added financial services.
“Payments should be simple, reliable, and built for the markets they serve,” said Faraz Khalid, CEO of noon. His counterpart at NEOPAY, Vibhor Mundhada, added: “We have built a strong payments business in the UAE, and our ambition is now to take that capability across the region”. The acquisition, Mundhada added, would “expand our footprint into Saudi Arabia and Egypt” while reinforcing NEOPAY’s position at home.
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NEOPAY is also keen to point out potential payment volume increases. The company says noon payments’ integrations with marketplace sellers and online merchants create high transaction density in some of the region’s fastest-growing digital commerce segments. It also believes control of the business would give it access to those merchant relationships and payment flows, and speed up the rollout of alternative payment methods and installment options.
The combined roadmap targets faster merchant onboarding, better payment performance, tighter fraud controls and embedded financial services. The deal could also strengthen cross-border payments and settlement along key regional commerce corridors.
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