EMBRAER S A : Eve Air Mobility and AirX Inc. Sign Letter of Intent for up to 50 eVTOLs, Service Support and Urban ATM Software

On April 17, 2024, Eve Air Mobility, a subsidiary of Embraer S.A., announced a significant milestone in its electric vertical takeoff and landing (eVTOL) aircraft development program with the signing of a letter of intent (LOI) with AirX Inc., Japan's largest public helicopter air charter service. According to the terms of the agreement, AirX has expressed its intent to purchase up to 10 firm orders and an additional 40 optional units of Eve's upcoming eVTOL aircraft.

This deal marks a significant step forward in the commercialization of Eve's eVTOL aircraft as it secures a major customer in the Asian market. The partnership between Eve Air Mobility and AirX will support the continued development and scaling of innovative transportation solutions in Japan and potentially other Asian markets.

AirX Inc., a leading player in Japan's helicopter air charter industry, has been actively exploring the potential of electric vertical takeoff and landing aircraft as a means to expand its offerings and cater to the growing demand for sustainable and efficient transportation solutions. The partnership with Eve Air Mobility will enable AirX to be at the forefront of this emerging technology in the region.

Embraer S.A., the Brazilian aerospace conglomerate, has been investing heavily in the development of its eVTOL aircraft under the Eve Air Mobility brand. The company aims to bring this innovative aircraft to market by the end of the decade, with a focus on urban air mobility applications. The partnership with AirX will provide valuable insights into the specific needs of the Asian market and help tailor the aircraft's design and features accordingly.

The LOI also includes provisions for AirX to receive service support from Eve Air Mobility, ensuring a seamless integration of the new eVTOL aircraft into its existing fleet and operations. Additionally, the agreement includes the supply of urban air traffic management (ATM) software from AirX's technology partner, which will be essential for managing the complex airspace requirements of urban air mobility operations.

This partnership between Eve Air Mobility and AirX is a significant step forward in the commercialization of electric vertical takeoff and landing aircraft in the Asian market. The collaboration will not only help Eve bring its innovative aircraft to market but also provide valuable insights into the specific needs of the region, ensuring a successful and sustainable business model for both companies.