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, boosting Embraer's stock price.
Sydney Seaplanes plans to launch an all-electric, zero-emissions regional airline, Alt Air, using these eVTOLs for tourism and commuter journeys, with deliveries starting in 2026.
This deal is part of a growing trend of significant eVTOL orders by Eve and other manufacturers across the Asia-Pacific market, highlighting the region's importance for the emerging urban air mobility industry.
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.
