Joby CEO tells Information working with FAA ‘significant undertaking’

Joby Aviation (JOBY), with the help of a partnership with Toyota (TM), is close to having flying cars, but the company’s CEO JoeBen Bevirt “seemed grim” about the steps needed to get aircraft certified by the Federal Aviation Administration, Steve LeVine of The Information reports. The CEO described dealing with the FAA as “the mountain we’ve been climbing,” the website reports. He added, “We’ve been making really solid progress on that, but it’s a very significant undertaking.” Shares of Joby are off the day’s highs following the report but remain up 5c to $17.77.