United Airlines Doubles Down on eVTOL Air Taxis

United signs a conditional $15 million deal with Eve to buy electric vertical takeoff and landing (eVTOL) aircraft.

Monday, September 12, 2022 at 02:48 PM ET

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The $15-million provisional deal with Eve includes the purchase of 200 four-seat air taxis, pending flight testing, certification, and production. [Courtesy: Eve Air Mobility]

Key Takeaways:

United Airlines has made a provisional $15 million investment in Eve Air Mobility, an Embraer-backed eVTOL developer, for the potential purchase of 200 electric air taxis and options for 200 more.
A primary driver for United's deal with Eve is the guaranteed access to Embraer's global maintenance, parts, and service network, which promises reliable operational support for the future eVTOL fleet.
This agreement represents United's second significant investment in the urban air mobility (UAM) sector, reinforcing its commitment to introduce emission-free air taxi services as early as 2026.

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United Airlines (NASDAQ: UAL), which has already signed a conditional deal to invest up to $1 billion in Archer Aviation’s electric vertical takeoff and landing (eVTOL) business, is doubling down on its support of future air taxis by inking an agreement with a second eVTOL developer—Eve Air Mobility (NYSE: EVEX).

The $15 million provisional deal with Eve—the Embraer-backed (NYSE: ERJ) developer—includes the purchase of 200 four-seat air taxis, pending flight testing, certification, and production.