Delta is betting on flying-taxi rides to and from airports, announcing a $60 million investment in Joby Aviation and plans to offer service in New York and Los Angeles.

Delta Air Lines investment will give it a 2% stake in Joby, which also has been backed by Uber Technologies and went public last year. Delta said its investment could grow up to $200 million if certain milestones in the development and delivery of the service are reached.

This post first appeared on wsj.com

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