Delta says it’s investing $60 million in air taxi developer

Oct 10, 2022, 9:02 PM | Updated: Oct 11, 2022, 9:36 am
FILE - A Delta Air Lines plane leaves the gate on July 12, 2021, at Logan International Airport in ...

FILE - A Delta Air Lines plane leaves the gate on July 12, 2021, at Logan International Airport in Boston. Delta Air Lines announced Tuesday, Oct. 11, 2022, that it has invested $60 million in a startup that hopes to build electric helicopter-like air taxis to ferry passengers to the airport. (AP Photo/Michael Dwyer, File)

(AP Photo/Michael Dwyer, File)

ATLANTA (AP) — Delta Air Lines says it has invested $60 million in a startup that hopes to build electric helicopter-like air taxis to ferry passengers to the airport.

Delta announced Tuesday that it has taken a 2% stake in Joby Aviation, and could invest up to another $140 million as the manufacturer hits key milestones.

Joby is among several companies working on electric-powered aircraft that take off and land vertically, like helicopters. The company has said that it expects to begin flying in 2024.

Current designs for electric air taxis are too small to use for airline flights — the weight of batteries is among the huge obstacles facing manufacturers. But airlines believe the machines could be attractive as a time-saving ride to and from airports in big, traffic-clogged cities. Delta hopes to use the Joby aircraft first in New York and Los Angeles.

Delta CEO Ed Bastian called the deal a groundbreaking opportunity to help customers in key markets that Delta has been building for many years.

Delta’s move follows United Airlines, which has announced large conditional orders for electric air taxis being developed by startup Archer Aviation and Eve, a subsidiary of Brazilian plane maker Embraer.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

FILE - In this Oct. 10, 2018, file photo Amazon Prime boxes are loaded on a cart for delivery in Ne...
Haleluya Hadero, Associated Press

Amazon says it had its biggest Thanksgiving shopping weekend

Amazon said Wednesday it had its biggest ever Thanksgiving holiday shopping weekend, aided by a record number of consumers looking for deals online amid high inflation.
23 hours ago
FILE - A man enters a gun shop in Salem, Ore., on Feb. 19, 2021. Voters in Oregon passed one of the...
Associated Press

Tough Oregon gun law faces legal challenge, could be delayed

PORTLAND, Ore. (AP) — Mid-term voters in Oregon narrowly passed one of the toughest gun control laws in the nation, buoying the hopes of gun control supporters, but the new permit-to-purchase mandate and ban on high-capacity magazines now faces a lawsuit that could put it on ice just days before it’s set to take effect. […]
23 hours ago
FILE - Protesters hold up blank papers and chant slogans as they march in protest in Beijing, Sunda...
Associated Press

Chinese users play cat-and-mouse with censors amid protests

HONG KONG (AP) — Videos of hundreds protesting in Shanghai started to appear on WeChat Saturday night. Showing chants about removing COVID-19 restrictions and demanding freedom, they would only stay up for only minutes before being censored. Elliot Wang, a 26-year-old in Beijing, was amazed. “I started refreshing constantly, and saving videos, and taking screenshots […]
23 hours ago
A woman shows her inked finger after casting her vote during the first phase of Gujarat state legis...
Associated Press

India PM Modi’s home state Gujarat votes in key local polls

NEW DELHI (AP) — Voters in Prime Minister Narendra Modi’s home state of Gujarat cast ballots Thursday in crucial local elections, a vote that is seen as a barometer of his ruling Bharatiya Janata Party’s popularity ahead of a 2024 general election in India. The polls are the first of two phases of voting in […]
23 hours ago
FILE - A woman supporting abortion-rights holds a sign outside the South Carolina Statehouse on Jul...
Associated Press

Abortion rights groups look to next fights after 2022 wins

CHICAGO (AP) — Emboldened by the results of November’s midterms, abortion rights supporters say they are preparing for even bigger fights in state legislatures and pivotal elections to come, including 2024 races for Congress and president. Victories for abortion rights ballot measures and candidates who support abortion provided a roadmap for how to win future […]
23 hours ago
A civilian wears a Vladimir Putin mask as a spoof, while a Ukrainian soldier stands atop a destroye...
Associated Press

AP’s top 2022 photos capture a planet bursting at the seams

Taken together, they can convey the feeling of a world convulsing — 150 Associated Press images from across 2022, showing the fragments that make up our lives and freezing in time the moments that somehow, these days, seem to pass faster than ever. Here: a man recovering items from a burning shop in Ukraine after […]
23 hours ago

Sponsored Articles

Comcast Ready for Business Fund...
Ilona Lohrey | President and CEO, GSBA

GSPA is closing the disparity gap with Ready for Business Fund

GSBA, Comcast, and other partners are working to address disparities in access to financial resources with the Ready for Business fund.
SHIBA WA...

Medicare open enrollment is here and SHIBA can help!

The SHIBA program – part of the Office of the Insurance Commissioner – is ready to help with your Medicare open enrollment decisions.
Lake Washington Windows...

Choosing Best Windows for Your Home

Lake Washington Windows and Doors is a local window dealer offering the exclusive Leak Armor installation.
Anacortes Christmas Tree...

Come one, come all! Food, Drink, and Coastal Christmas – Anacortes has it all!

Come celebrate Anacortes’ 11th annual Bier on the Pier! Bier on the Pier takes place on October 7th and 8th and features local ciders, food trucks and live music - not to mention the beautiful views of the Guemes Channel and backdrop of downtown Anacortes.
Swedish Cyberknife Treatment...

The revolutionary treatment of Swedish CyberKnife provides better quality of life for majority of patients

There are a wide variety of treatments options available for men with prostate cancer. One of the most technologically advanced treatment options in the Pacific Northwest is Stereotactic Body Radiation Therapy using the CyberKnife platform at Swedish Medical Center.
Work at Zum Services...

Seattle Public Schools announces three-year contract with Zum

Seattle Public Schools just announced a three-year contract with a brand-new company to the Pacific Northwest to assist with their student transportation: Zum.
Delta says it’s investing $60 million in air taxi developer