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 Solutions secured an order for 50 eVTOL air taxis from Australian tourist airline Sydney Seaplanes, causing Embraer's stock to rise 5%.
Sydney Seaplanes plans to launch an all-electric regional airline, Alt Air, as early as 2022, with Eve eVTOL deliveries beginning in 2026.
This deal, alongside other recent agreements in the region, underscores the significant growth and importance of the Asia-Pacific market for the emerging eVTOL 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.
