Delta Air Lines is embarking on a multi-year, multi-market commercial and operational partnership with Joby Aviation to deliver home-to-airport transportation service, beginning in New York and Los Angeles.
As part of the arrangement, the companies will work together to integrate a Joby-operated service into Delta’s customer-facing channels, providing customers who travel with Delta through New York and Los Angeles the opportunity to reserve a seat for short-range journeys to and from city airports.
Upfront equity investment
Delta has made an upfront equity investment of $60 million in Joby, with the opportunity to expand the total investment up to $200 million as the partners achieve milestones on the development and delivery of the service.
The partnership will be mutually exclusive across the US and UK for five years following commercial launch, with the potential to extend that period.
“Delta always looks forward and embraces opportunities to lead the future, and we’ve found in Joby a partner that shares our pioneering spirit and commitment to delivering innovative, seamless experiences that are better for our customers, their journeys, and our world,” said Delta CEO Ed Bastian.
“This is a groundbreaking opportunity for Delta to deliver a time-saving, uniquely premium home-to-airport solution for customers in key markets we’ve been investing and innovating in for many years.”
Seamless and sustainable journeys
“We share Delta’s unwavering commitment to delivering seamless and sustainable journeys to customers,” said Joby Founder and CEO JoeBen Bevirt.
“Their history of innovation, along with their vast operational expertise and leadership on climate change, make them incredible partners for Joby, and it’s an honor to be working alongside them.”
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