Embraer’s Eve Urban Air Mobility Solutions on Monday announced an order from Australian tourist airline Sydney Seaplanes to buy 50 electric vertical takeoff and landing (eVTOL) air taxis.
Embraer’s Eve eVTOL aircraft is expected to include eight rotors and two propellers. Credit: Embraer
Key Takeaways:
Embraer's Eve Urban Air Mobility secured an order for 50 eVTOL air taxis from Australian tourist airline Sydney Seaplanes, with deliveries set to begin in 2026.
Sydney Seaplanes plans to launch an all-electric, zero-emissions regional airline, Alt Air, with flights expected as early as 2024, leveraging Eve's technology and support services.
This deal is one of several recent eVTOL agreements for Eve in the Asia-Pacific region, highlighting the growing importance of this market for the emerging air mobility industry.
The eVTOL market is attracting significant investor interest, with projections of it reaching $1 trillion by 2040, despite air taxis not yet being certified by regulators.
Embraer’s (NYSE:ERJ) Eve Urban Air Mobility Solutions on Monday announced an order from Australian tourist airline Sydney Seaplanes to buy 50 electric vertical takeoff and landing (eVTOL) air taxis.
The news helped drive the price of Embraer stock 5 percent higher as markets closed Monday.
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Thom is a former senior editor for FLYING. Previously, his freelance reporting appeared in aviation industry magazines. Thom also spent three decades as a TV and digital journalist at CNN’s bureaus in Washington and Atlanta, eventually specializing in aviation. He has reported from air shows in Oshkosh, Farnborough and Paris. Follow Thom on Twitter @thompatterson.
