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 provisionally agreed to invest $15 million in Eve Air Mobility and purchase up to 400 of their electric vertical takeoff and landing (eVTOL) air taxis, marking its second major investment in the future air taxi market.
A primary driver for United's investment in Eve was the developer's strategic relationship with Embraer, providing crucial access to maintenance resources, service centers, and technical support for future eVTOL operations.
This commitment highlights United's push into urban air mobility, aiming to offer quick, economical, and sustainable air taxi services to its hub airports, with first deliveries expected 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.