Eve Air Mobility and Future Flight Global Sign Letter of Intent for up to 54 eVTOLs Serving Brazil and the United States
- Strategic partnership expands Eve's market presence in two major markets: Brazil and United States
- Agreement adds up to 54 eVTOL aircraft to Eve's order backlog
- Partnership leverages Embraer's 55-year aerospace expertise and certification experience
- Alignment with growing urban air mobility market trends identified in Eve's Global Market Outlook
- LOI is non-binding and subject to final agreement
- No specific timeline provided for aircraft delivery or deployment
- Financial terms of the agreement not disclosed
Insights
Eve's LOI with Future Flight Global strengthens its eVTOL market position but represents only potential future revenue without binding commitments.
Eve Air Mobility has secured another Letter of Intent (LOI) for its electric vertical takeoff and landing (eVTOL) aircraft, adding up to 54 potential vehicles to its order book through Future Flight Global. This agreement targets operations in Brazil and the United States, two key markets for urban air mobility adoption.
The deal's significance lies in its strategic positioning rather than immediate financial impact. LOIs represent non-binding preliminary agreements that signal interest but don't guarantee purchases. Eve has been actively building its backlog through similar arrangements with various operators, creating a foundation for future revenue once its aircraft achieves certification.
The partnership leverages complementary strengths: Eve contributes its eVTOL technology and Embraer's established certification expertise, while Future Flight Global brings operational knowledge and market access. The focus on Brazil is particularly strategic given Embraer's Brazilian roots and regulatory relationships with ANAC (Brazil's aviation authority).
This announcement aligns with Eve's recently published Global Market Outlook that projects significant urban air mobility growth driven by increasing urbanization and traffic congestion. However, the eVTOL sector faces substantial hurdles in certification, infrastructure development, and public acceptance before reaching commercial viability.
While the LOI enhances Eve's potential market position, investors should recognize that production revenues remain years away, with certification processes and infrastructure development representing critical milestones before meaningful commercialization can begin.
"This collaboration with Future Flight Global is a significant step forward for Urban Air Mobility in the
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"We are building a diversified electric aircraft fleet for global deployment across multiple mission profiles," said Karan Singh, chief executive officer of Future Flight Global. "Eve's aircraft—rooted in Embraer's 55-year legacy of designing, certifying, and supporting commercial and business aircraft—checks every box: strong performance parameters, passenger-first ergonomics, clear certification pathway, and scalable production system. We look forward to ANAC certification and deploying these aircraft in
This announcement follows the release of Eve's inaugural Global Market Outlook, detailing the growth and demand surrounding the urban air mobility category for the next twenty years. Urban growth and higher traffic congestion are two critical drivers for the category, and this partnership between Eve and Future Flight Global is emblematic of the overall industry expansion that the Global Market Outlook points to.
Image: Future Flight Global Eve Livery
About Eve Air Mobility
Eve Air Mobility is dedicated to accelerating the Urban Air Mobility ecosystem. Benefitting from a start-up mindset, backed by Embraer's 55-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the UAM ecosystem, with an advanced eVTOL project, comprehensive global services and support network and a unique air traffic management solution. Since May 10, 2022, Eve is listed on the New York Stock Exchange where its shares of common stock and public warrants trade under the tickers "EVEX" and "EVEXW". For more information, please visit www.eveairmobility.com.
About Future Flight Global
Future Flight Global (FFG) is a pioneer in the adoption, implementation, and integration of advanced air transportation. We deliver innovative, sustainable, and safe mobility solutions that seamlessly connect the world. FFG leverages its extensive knowledge of the aircraft operations ecosystem to drive advancements in this emerging industry and lead the third aerospace revolution. For more information, visit www.ffg.aero.
Forward-Looking Statement Disclosure
Certain statements contained in this release are forward-looking statements within the meaning of the
SOURCE Eve Air Mobility