“Joby to Procure up to USD250 Million From Aircraft Sales, Services in Kazakhstan”

Joby Avi­a­tion announced this week a signed Let­ter of Intent (LOI) to sell eVTOLs and relat­ed ser­vices val­ued up to USD250 mil­lion, to Kaza­khas­tan-based Alatau Advance Air Group (AAAG), reports a press release. 

The agree­ment that includes pre-deliv­ery pay­ments, is being sup­port­ed by a par­al­lel Mem­o­ran­dum of Under­stand­ing (MOU) between Joby and Kazakhstan’s  Min­istry of Arti­fi­cial Intel­li­gence and Dig­i­tal Devel­op­ment. 

The release states, “The Min­istry has com­mit­ted to embrac­ing the devel­op­ment of Advanced Air Mobil­i­ty in Kaza­khstan, includ­ing the cre­ation of the reg­u­la­to­ry envi­ron­ment and infra­struc­ture required for the suc­cess­ful imple­men­ta­tion of air taxis.”

AAAG is at the fore­front of the devel­op­ment of Alatau City, a 340 sq. mile devel­op­ment project which is set to become a Cen­tral Asian inter­na­tion­al hub and an ear­ly launch mar­ket for air taxis in the region.

The par­ties will also col­lab­o­rate on sourc­ing crit­i­cal mate­ri­als, includ­ing tita­ni­um and rare earth met­als, from Kaza­khstan for the pro­duc­tion of Joby’s air­craft.

JoeBen Bevirt, Founder and CEO of Joby, com­ment­ed, “We are deploy­ing our proven mar­ket-entry play­book in Kaza­khstan by col­lab­o­rat­ing with both the gov­ern­ment and a strate­gic region­al oper­a­tor to accel­er­ate our path to com­mer­cial oper­a­tions.”

He con­tin­ued, “Kaza­khstan is posi­tion­ing itself to become a key hub for advanced air mobil­i­ty and the expan­sion of Joby’s ser­vice into the Cen­tral Asia region.”

Sergey Khe­gay

Sergey Khe­gay, CEO of Alatau Advance Air Group Ltd, remarked, “Our ambi­tion is to become the region’s first launch cus­tomer for eVTOL air­craft, estab­lish a com­pre­hen­sive test­bed and ground infra­struc­ture, and sup­port the Gov­ern­ment of Kaza­khstan in cre­at­ing a robust reg­u­la­to­ry envi­ron­ment for safe and reli­able oper­a­tions.”

Zhaslan Madiyev, Deputy Prime Min­is­ter and Min­is­ter of Arti­fi­cial Intel­li­gence and Dig­i­tal Devel­op­ment of the Repub­lic of Kaza­khstan, added, “This ini­tia­tive will con­tribute to the growth of Alatau City as a unique hub of advanced tech­nolo­gies of the future. We envi­sion bring­ing urban air mobil­i­ty to life in Kaza­khstan, begin­ning with Alatau and the met­ro­pol­i­tan hub of Almaty.”

For more infor­ma­tion

www.jobyaviation.com

(Top image: Joby Avi­a­tion eVTOL S4)

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