Divestiture • Airlines

Alatau Advance Air Group Acquires Joby Aviation - Electric vertical takeoff and landing aircraft and services

On November 6, 2025, Alatau Advance Air Group acquired airliner Joby Aviation - Electric vertical takeoff and landing aircraft and services from Joby Aviation for 250M USD

Acquisition Context
  • This is Alatau Advance Air Group’s 1st transaction in the Airlines sector.
  • This is Alatau Advance Air Group’s largest (disclosed) transaction.
  • This is Alatau Advance Air Group’s 1st transaction in the United States.
  • This is Alatau Advance Air Group’s 1st transaction in California.

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M&A Deal Summary

Date November 6, 2025
Target Joby Aviation - Electric vertical takeoff and landing aircraft and services
Sector Airlines
Buyer(s) Alatau Advance Air Group
Sellers(s) Joby Aviation
Deal Type Divestiture
Deal Value 250M USD

Target Company

Joby Aviation - Electric vertical takeoff and landing aircraft and services

Santa Cruz, California, United States
Joby Aviation's Electric vertical takeoff and landing aircraft and services offer aerial ridesharing services that combine the convenience of app-based booking with fast, quiet, and zero-emission flights and are based in Santa Cruz, California.
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Buyer Overview 1

Buyer

Alatau Advance Air Group

Astana, Kazakhstan

Category Company
Sector Airlines
DESCRIPTION

Alatau Advance Air Group is a private company registered at the Astana International Financial Centre (AIFC) in Kazakhstan that focuses on advanced air mobility solutions, particularly electric vertical-takeoff-and-landing (eVTOL) aircraft and air-taxi services in the cities of Alatau and Almaty. Alatau Advance Air Group is based in Astana, Kazakhstan.


Deal Context for Buyer #
Overall 1 of 1
Sector: Airlines 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2025 1 of 1
Size (of disclosed) 1 of 1

Seller Profile 1

SELLER

Joby Aviation

Santa Cruz, California, United States

Category Company
Founded 2009
Sector Airlines
Employees2,029
Revenue 1M USD (2023)
DESCRIPTION

Joby Aviation is a transportation company developing an all-electric vertical takeoff and landing aircraft. Joby Aviation was founded in 2009 and is based in Santa Cruz, California.


Deal Context for Seller #
Overall 1 of 1
Sector: Airlines 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2025 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-04 Blade Air Mobility - Passenger Business

New York, New York, United States

Blade Air Mobility's Passenger Business includes urban air mobility passenger business.

Buy -