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.

El Al enters into a preliminary agreement with Boeing for up to nine 787-9 Dreamliner aircraft, expanding its widebody fleet.

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.

Edelweiss sets a milestone by being the first in Switzerland to introduce the Airbus A350 into service in April 2025, enhancing long-haul travel options.

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.

Southwest Airlines prepares to launch its first-ever overnight flights, including routes from Las Vegas to Hawaii, marking a new era for the carrier.

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.

Aerus announces six new routes across the Yucatan Peninsula to improve connectivity and foster tourism. Starting May 13, 2024, with expansions in July.

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.

Scoot announces the addition of six new flights between Singapore and Northeast Asia via Taipei, marking a significant expansion starting April 1.

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.

Explore Breeze Airways' vision for growth, aiming to increase its route network to 2,000 destinations, focusing on underserved markets with the Airbus A220-300.

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.

Boeing announces a significant leadership transition with CEO Dave Calhoun stepping down by the end of 2024, marking a new phase for the aerospace giant.

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.

The establishment of this base marks a significant step in easyJet’s growth within the UK, positioning it as the country’s fastest-growing airline for the upcoming summer season. Additionally, EasyJet Holidays is recognized as the UK’s quickest expanding holiday company.

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.

The hearing aims to examine the competition in credit card services, a matter of significant importance due to proposed legislation that targets the reduction of fees charged by Visa and Mastercard on transactions. This legislation, opposed by the aforementioned companies, seeks to introduce competition to potentially lower these transaction fees.

Airline and credit card CEOs decline to testify at a Senate Judiciary Committee hearing discussing legislation to reduce transaction fees.

03/24/2024

The Federal Bureau of Investigation (FBI) has informed passengers of the Alaska Airlines Boeing 737 Max door plug incident, where a door-plug panel was lost mid-flight, that they may be considered victims of a criminal act.

In a communication from the FBI’s Seattle office, a victim specialist reached out stating, “I’m contacting you because we have identified you as a possible victim of a crime,” and informed them that the matter is under FBI investigation.

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.

03/24/2024

The Federal Aviation Administration (FAA) has announced the allocation of $20 million in grants to 20 airport-owned air traffic control towers across 17 states in the United States.

This financial aid, stemming from the Bipartisan Infrastructure Law, is aimed at enhancing or constructing new control towers to bolster safety and support essential aviation services including commercial and cargo flights, emergency responses, agricultural aviation, and flight training.

FAA announces a $20 million grant to improve air traffic control towers across 17 states, underlining the Biden Administration's infrastructure initiatives.

03/23/2024

Alaska Airlines has introduced a novel subscription program, Alaska Access, aimed at providing cost-effective and convenient travel options for its customers.

Available for a monthly fee of $5, this service offers subscribers an array of exclusive benefits, including monthly vouchers for inflight streaming-fast satellite Wi-Fi, early access to significant fare sales, and a personalized fare page showcasing the lowest fares to over 500 global destinations.

Alaska Airlines launches Alaska Access, a monthly subscription service offering exclusive travel benefits, including Wi-Fi vouchers and early sale access.

03/23/2024

Allegiant Air has experienced a significant turnaround from its operational challenges in 2022, according to remarks made by President Greg Anderson at the Aviation Week Network’s Routes Americas 2024 conference in Bogotá.

The airline, which faced over $130 million in costs due to irregular operations (IROP) in 2022—equating to roughly four points of margin—has since made strides in operational and financial performance through strategic changes and internal efforts.

Allegiant makes a strong comeback from its 2022 operational lows, outlining future improvements and strategic plans for growth.

03/23/2024

Houston-based Avelo Airlines has announced the launch of an exclusive nonstop service from William P. Hobby Airport (HOU) to Tweed-New Haven Airport (HVN) in Southern Connecticut, starting in June. This new route positions Avelo as the sole airline providing direct flights between Houston and Connecticut.

Avelo Airlines introduces an exclusive nonstop service connecting Houston's William P. Hobby Airport with Tweed-New Haven Airport, starting June.

03/23/2024

At the “Europe 2024” conference in Berlin, Airbus CEO Guillaume Faury expressed his concerns regarding the aerospace industry’s safety reputation amid technical issues faced by competitor Boeing. “I am not happy with the problems of my competitor,” Faury stated, according to Reuters.

He emphasized the importance of safety and quality in the aerospace sector, saying, “They are not good for the industry as a whole. We are in an industry where quality and safety is top priority.”

Airbus CEO Guillaume Faury voices concerns over the aerospace industry's safety reputation amidst Boeing's technical problems at the Europe 2024 conference.

03/22/2024

Air France has detailed its network expansion plan for the Summer 2024 schedule, marking a significant enhancement of its global footprint.

This strategic move encompasses the introduction of new routes alongside the augmentation and resumption of services on existing ones, aligning with France’s preparations for the forthcoming 2024 Olympic and Paralympic Games scheduled for July 26–August 11, 2024, and August 28–September 8, 2024, respectively.

Air France unveils its network expansion for Summer 2024, including new routes and increased flights ahead of the Paris Olympic and Paralympic Games.

03/22/2024

Breeze Airways is set to initiate its operations at San Diego International Airport next month, introducing five new nonstop flights to key cities across North Carolina, Florida, Virginia, Ohio, and Pennsylvania.

The first route to be launched is Raleigh-Durham, N.C., on April 30, with subsequent services to Jacksonville, Fla., Norfolk, Va., Cincinnati, and Pittsburgh commencing in early May.

Breeze Airways announces debut at San Diego, introducing five new nonstop flights to cities across North Carolina, Florida, Virginia, Ohio, and Pennsylvania.