Delta Air invests $60 million, takes stake in air taxi startup Joby Aviation

The Joby Aviation logo is seen outside of the New York Stock Exchange (NYSE) ahead of their listing in Manhattan, New York City, U.S., August 11, 2021. REUTERS/Andrew Kelly

WASHINGTON (Reuters) - Delta Air Lines said Tuesday it invested $60 million in air taxi startup Joby Aviation for a 2% equity stake, in a partnership that will initially offer passengers air taxi transport to and from airports in New York and Los Angeles.

Delta Chief Executive Ed Bastian told reporters the airline will also receive a board seat and the total investment could be increased to as much as $200 million.