Key Takeaways Eve Holding's backlog of LOIs highlights growing demand across Brazil, the U.S., and other key markets. JOBY is expanding aircraft production and test programs ahead of commercial launch in Dubai. EVEX has outperformed JOBY on earnings surprises, beating the mark twice in the past 4 quarters.The demand for next-generation air transport solutions, including electric vertical takeoff and landing (eVTOL) aircraft, has surged significantly in recent years, spurred by growing urban congestion and ...

Core Insights - Eve Air Mobility has signed a Letter of Intent with Aerosolutions and Bluenest by Globalvia for the sale of up to 50 eVTOL aircraft and access to TechCare services, marking a significant step in developing an Advanced Air Mobility ecosystem in Costa Rica [1][4] Group 1: Partnership and Collaboration - The collaboration aims to accelerate the introduction of safe, sustainable, and efficient air mobility in Costa Rica, particularly in the Pacific region, connecting airports to premium resorts and eco-destinations [2][3] - The partnership will focus on reducing travel times and congestion in key tourist regions like Guanacaste, enhancing Costa Rica's reputation as a leader in sustainable tourism [4][2] Group 2: Infrastructure Development - Bluenest by Globalvia will develop vertiport infrastructure to enable safe and efficient eVTOL operations, facilitating seamless intermodal connections between air and ground transport [3][5] - The partners will conduct workshops on vertiport development, airspace integration, pilot training, and operational planning to ensure successful AAM deployment [4][5] Group 3: Aircraft Technology - Eve's eVTOL aircraft features a lift+cruise configuration with eight propellers for vertical flight and fixed wings for cruising, ensuring high performance and safety [6] - The company is advancing its eVTOL development through comprehensive testing of the prototype to evaluate operational and safety features [6] Group 4: Company Background - Eve Air Mobility is focused on accelerating the Urban Air Mobility ecosystem, leveraging Embraer's aerospace expertise and offering a comprehensive support network [7] - Bluenest by Globalvia aims to be a key player in advanced air mobility infrastructure, connecting air routes with ground mobility [8]

Core Insights - The eVTOL industry is experiencing significant growth due to urban congestion and the need for sustainable transport, with Archer Aviation Inc. and Eve Holding Inc. as key players [1][4]. Company Overview - Archer Aviation is nearing the commercial rollout of its Midnight aircraft, aiming for air taxi services in major cities by the end of 2025, focusing on rapid FAA certification and infrastructure development [2][4]. - Eve, a spin-off from Embraer, is preparing for flight tests of its eVTOL aircraft, with service expected to begin in 2026 [3][10]. Financial Position - Archer Aviation reported cash and cash equivalents of $1.04 billion and long-term debt of $0.74 billion as of Q1 2025, indicating a strong solvency position [5]. - Eve Holdings had $0.06 billion in cash and long-term debt of $0.14 billion as of the same date, suggesting short-term viability but reliance on future revenue generation [6]. Growth Catalysts - Archer Aviation's collaborations, including a recent agreement with Indonesia's PT. IKN, enhance its market position and aim for commercial use of the Midnight aircraft [7][8]. - Eve's growing backlog of Letters of Intent (LOIs), including a recent agreement for up to 54 eVTOLs, indicates rising interest in its technology [9][10]. Market Challenges - Both companies face challenges in a capital-intensive industry, with success dependent on aircraft design, certification, and market demand for urban air mobility [11][12]. - Public acceptance of eVTOLs may be hindered by safety perceptions, noise concerns, and pricing compared to traditional transport options [12]. Performance Metrics - Archer Aviation's stock has seen a 194% increase over the past year, while Eve's stock has risen by 40.8% [16]. - Both companies currently exhibit negative Return on Equity (ROE), indicating inefficiencies in profit generation from equity [17]. Future Outlook - Archer Aviation is positioned to generate revenues sooner due to its regulatory progress and infrastructure partnerships, while Eve is expected to commercialize its services between 2026 and 2027 [21][22]. - Despite shared industry risks, Archer Aviation currently holds an advantage in market entry and global expansion strategies [22].

PARIS, June 18, 2025 /PRNewswire/ -- Eve Air Mobility ("Eve") (NYSE: EVEX; EVEXW) has signed a Letter of Intent (LOI) with Future Flight Global, a pioneer in electric aircraft for up to 54 electric Vertical Take-Off and Landing (eVTOL) aircraft, targeting the Brazil and United States markets. This LOI strengthens Eve's backlog of LOIs ranging from global carriers to regional airlines to urban transportation-focused entities such as Future Flight Global."This collaboration with Future Flight Global is a sign ...

Core Insights - Eve Air Mobility has signed a binding framework agreement with Revo and its parent company Omni Helicopters International to purchase up to 50 eVTOL aircraft, marking a significant step in urban air mobility [1][2] - The agreement signifies a transition from development to execution for Eve, enhancing its position in the UAM market and demonstrating confidence in its technology [2][4] - Revo will be the launch operator for Eve's eVTOLs in São Paulo, with the first delivery expected in Q4 2027, aiming to provide a sustainable and efficient urban transport solution [2][3] Company Overview - Eve Air Mobility is focused on advancing the Urban Air Mobility ecosystem, leveraging Embraer's aerospace expertise and offering a comprehensive support network for eVTOL operations [6] - Revo, founded in January 2024, aims to provide a seamless door-to-door travel experience in São Paulo, integrating aerial and ground transportation [10] - Omni Helicopters International is the largest provider of air mobility solutions in Latin America, with a diverse portfolio catering to various customer segments [7][8] Strategic Importance - The partnership between Eve, Revo, and OHI is a strategic collaboration aimed at revolutionizing urban mobility and enhancing connectivity in congested cities [4][5] - The eVTOL aircraft will enable Revo to offer a fully electric and sustainable service, significantly reducing travel time between key locations in São Paulo [3][5] - The agreement includes access to Eve's TechCare package, which provides operational support to maximize fleet performance [4]

Core Insights - The Global Market Outlook by Eve Air Mobility projects a $280 billion passenger revenue opportunity and a fleet of 30,000 eVTOL aircraft by 2045, driven by urban population growth, traffic congestion, and sustainability commitments [1][4][5] Market Demand and Growth Drivers - The demand for Urban Air Mobility (UAM) is fueled by urban congestion, with over two billion additional people expected to live in cities by 2050, highlighting the need for alternative transportation [5][7] - Critical use cases for eVTOLs include Urban Point-to-Point, Airport Shuttle, and various service sectors such as tourism and medical services [5] Regional Market Analysis - Significant growth is anticipated in the Asia-Pacific region due to dense megacities and a rising middle class, while North America shows promise from substantial investments and an established aviation ecosystem [6] - Europe may experience slower growth due to regulatory challenges, whereas Latin America presents opportunities for addressing urbanization and renewable energy needs [6] - The Middle East is an early adopter focused on innovation, and Africa's market is driven by urban population growth and tourism enhancement [6] Technological and Operational Considerations - The report emphasizes the importance of high safety standards and a comprehensive regulatory environment for the successful operation of UAM [8][12] - Air traffic management will be crucial for integrating airspace and supporting high-density operations [12] Upcoming Developments - Eve Air Mobility will unveil a full-scale mockup of the Eve-100 aircraft at the 2025 Paris Air Show, showcasing design enhancements aimed at improving safety, accessibility, and performance [3]

The company is tracking key milestones and advancing the industry ecosystem with a comprehensive eVTOL services portfolio. MELBOURNE, Fla., June 11, 2025 /PRNewswire/ -- Eve Air Mobility (NYSE: EVEX; EVEXW), a global leader in electric vertical take-off and landing (eVTOL) aircraft, is unveiling advancements in its eVTOL program. The company highlights the evolution of its aircraft design, momentum in its rigorous testing program, and the continued development of its integrated service solution, TechCare. " ...

Eve Holding (EVEX) Q1 2025 Earnings Call May 12, 2025 08:00 AM ET Company Participants Lucio Aldworth - Director of IRJohann Christian Jean Charles Bordais - CEOEduardo Couto - CFOSavanthi Syth - MD - Airlines & Advance Air MobilityAustin Moeller - Director - Equity ResearchSheila Kahyaoglu - Aerospace & Defense and Airlines Equity ResearchAmit Dayal - Managing Director - Equity ResearchLuiz Valentini - Chief Technology Officer Conference Call Participants Andres Sheppard - Analyst Operator Good day, and we ...

Financial Data and Key Metrics Changes - The company reported a net loss of $49 million in Q1 2025, with R&D expenses at $44 million and SG&A expenses at nearly $8 million [21][20] - Cash flow from operations consumed $25 million, which is lower than previous quarters due to a temporary working capital gain [21][22] - The company ended Q1 2025 with $288 million in cash, down $15 million from the end of 2024, but total liquidity was $411 million [22] Business Line Data and Key Metrics Changes - The company invested $45 million in program development during the first quarter, focusing on eVTOL, service and support solutions, and urban air traffic management software [20] - The total preorder backlog remains at approximately 2,800 aircraft, valued at around $14 billion, with contracts secured for aftermarket services potentially generating $1.6 billion in revenue [18][19] Market Data and Key Metrics Changes - The company has secured contracts with 14 different customers for its EVE TechCare suite, covering around 1,100 aircraft, which is about 40% of the preorder backlog [19] - The order book includes customers from various sectors, including air mainliners, regional airliners, helicopter operators, ride-sharing platforms, and leasing companies [18] Company Strategy and Development Direction - The company is focused on developing its eVTOL technology and has reached significant milestones, including ground tests and preparations for initial flights [5][6] - The assembly line for the conforming prototypes is set up at Embraer's facility, with plans to start assembly in the second half of 2025 [16][17] - The company aims to create a comprehensive ecosystem for urban air mobility, engaging with partners in infrastructure and energy [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting ambitious targets for prototype assembly and certification campaigns, with initial flights expected in 2026 [20][22] - The company is focused on maintaining a solid cash position and is comfortable with its financial guidance for the year [21][22] Other Important Information - The company is actively engaged with suppliers, with a noticeable increase in activity related to the production of parts for the conforming prototypes [15] - The IronBird simulator is being used to integrate and troubleshoot various systems, which is crucial for the certification campaign [12][13] Q&A Session Summary Question: R&D spending expectations - Management indicated that R&D spending is expected to remain around $44 million per quarter for the rest of the year [26][27] Question: Certification aircraft build timeline - The conforming prototype is on schedule, with the facility ready to receive tooling for assembly [29][30] Question: Services contract backlog details - The $1.6 billion backlog includes battery replacements and repairs but does not account for future upgrades [34][35] Question: Order book and customer engagement - The order book remains stable, with ongoing customer engagement and a focus on developing the first operational city [40][41] Question: Cash consumption guidance - Cash consumption is expected to be closer to the lower end of the $200 million to $250 million range for the year [43][44] Question: Prototypes and cash consumption - Most cash is allocated to R&D, with the focus on development rather than immediate prototype costs [51][52] Question: Service and maintenance business segment - The company is preparing for seamless operation and support for the first aircraft, with training solutions already in development [55][56] Question: Software progress for services - The software side is actively being developed to ensure user-friendliness and operational efficiency [62] Question: Future financing options - The company has multiple funding options available, ensuring sufficient liquidity for upcoming years [65][66]

1Q25 EVE UPDATE M A Y 1 2 , 2 0 2 5 PROTOTYPE PREPARING FOR 1st FLIGHT GROUND VIBRATION TEST (GVT): Measure structural dynamics and vibration This information belongs to Eve and cannot be used or reproduced without written permission from the Company. 3 HIGH INTENSITY RADIATED FIELD (HIRF): Insulation from electromagnetic interference AIR-DATA SYSTEM (ADS): Radio altimeter, GPS, inertial systems equipment calibration PROTOTYPE/REMOTE PILOT STATION (RPS) INTEGRATION: Prototype control/communication FULL-SCAL ...