By David Shepardson

WASHINGTON (Reuters) – The Trump administration announced a new pilot program on Friday to speed the deployment of flying air taxis as companies work to meet regulatory hurdles for advanced air mobility.

The Federal Aviation Administration said the program will include at least five projects from public-private partnerships with state and local governments and private sector companies to enable safe operations for electric vertical takeoff and landing (eVTOL) aircraft.

Joby Aviation praised the program, saying, “aircraft in the program can begin operations in select markets ahead of full FAA certification, a critical step in preparing for scaled commercial service.”

Air taxi stocks rose on the program first reported by Reuters. Joby shares were up 5% while Archer Av

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