Following on from our story yesterday about Joby taking a hammering on the Stock Market and Bleecker Street Research’s report headline: “Joby Aviation (JOBY): Uber Meets Tesla In The Sky Is Set To Crash And Burn,” this does not appear to have deterred Delta Air Lines.

Delta is embarking on an operational partnership with Joby Aviation to deliver sustainable home-to-airport transportation to its customers, beginning in New York and Los Angeles.

The companies will 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.

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 substantive milestones on the development and delivery of the service. The partners will work together to create a seamless booking, simplified transit and greater time savings.

This will run alongside Joby’s standard airport service in priority markets. The partnership will be mutually exclusive across the US and UK for five years following commercial launch, with the potential to extend that period.

Credit: Rank Studios

Delta CEO Ed Bastian said: “We have found in Joby a partner that shares our pioneering spirit and commitment to delivering innovative, seamless experiences, and this is a groundbreaking opportunity for Delta to deliver home-to-airport services to customers.”

Joby Founder and CEO JoeBen Bevirt added: “We share Delta’s unwavering commitment to delivering seamless and sustainable journeys to customers, and its history of innovation, along with its vast operational expertise and leadership on climate change.”

Joby’s aircraft has flown more than 1,000 test flights, demonstrating its range, speed, altitude and low noise profile. The company was the first eVTOL company to be granted a G-1 (Stage 4) Certification Basis for its aircraft by the FAA and recently received its Part 135 Air Carrier Certification.

Delta chief customer experience officer Allison Ausband continued: “Our work with Joby is the latest in a series of ways we are making the experience of travel more seamless, enjoyable and wait-free.”