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 expanded its commitment to electric air taxis by signing a provisional $15 million deal with Eve Air Mobility for 200 eVTOL aircraft, with options for 200 more, adding to its prior investment in Archer Aviation.
A primary reason for United's investment in Eve was the developer's strategic relationship with Embraer, which ensures access to established maintenance resources for the future eVTOL fleet.
The agreement reinforces United's vision for urban air mobility (UAM), aiming to provide quick, emission-free transportation in dense urban environments and to hub airports, with potential deliveries starting 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.