Delta invests in air taxi startup Joby

Delta Air Lines inked a multi-year partnership with Joby Aviation, which will operate all-electric e-VTOL air taxis for the airline.

As part of the deal, Delta will make an equity investment of $60 million.

That equates to a 2% stake

Based on future milestones it could invest up to $200 million.

The air taxis will ferry passengers to and from the airport for Delta.

Delta hopes to deploy the Joby aircraft firstly in New York and Los Angeles.