How does their order backlog compare. Is Archer further along in certification than joby

Joby Aviation appears to have a stronger order backlog and is further along in certification compared to Archer Aviation:

1. Order Backlog:
   • Joby Aviation has a total firm order backlog of $17.4 billion as of March 31, 2024. This indicates a significant amount of customer demand for Joby’s products.
   • Archer Aviation has an indicative order backlog of $3.5 billion and has secured contracts for up to 116 aircraft, worth up to $580 million. While Archer’s backlog is substantial, it is less than Joby’s reported backlog.
2. Certification Progress:
   • Joby Aviation has made significant advancements in certification, with over 37% completion on the Joby side of Stage four. This suggests that Joby is well into the certification process and nearing commercialization.
   • Archer Aviation has received a Part 135 Air Carrier & Operator Certificate from the FAA, which allows it to start operating aircraft commercially However, Archer’s Midnight aircraft has not yet received its Type Certification, which is a prerequisite for commercial operations
3. Commercial Launch Plans:
   • Joby Aviation plans to launch its commercial operations in Dubai next year, with infrastructure groundbreaking expected to occur later in 2024, and initial flights planned for the first half of 2025.
   • Archer Aviation is also working towards commercialization, with plans to refine its systems and procedures in advance of launching its Midnight aircraft into service for airlines like United Airlines when it receives Midnight’s Type Certification

In conclusion, Joby Aviation’s larger order backlog and more advanced certification progress suggest that it may be further along in its path to commercialization compared to Archer Aviation. However, both companies are making significant strides in the electric air taxi market, and their respective achievements indicate a promising future for urban air mobility.