Joby Aviation Inc JOBY shares are trading higher Monday. The company announced over the weekend that it reached an agreement to launch an air taxi service in the UAE by early 2026. What Happened: Joby signed a definitive agreement with Dubai's Road and Transport Authority (RTA) to bring air taxi services to the region by the beginning of 2026. Joby is currently targeting initial operations as early as 2025. The agreement provides Joby with the exclusive rights to operate air taxis in Dubai for six years and comes with a variety of support from the RTA including financial mechanisms for entry and maturing of service operations. "We're looking forward to delivering an incredible experience for residents and visitors to Dubai as early as 2025 and we're excited to be laying the groundwork for the expansion of our service across the wider UAE," said JoeBen Bevirt, founder and CEO of Joby Aviation.