Sustainable Air Mobility
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Eve Air Mobility Expands Middle East Presence with Bahrain Framework Agreement
Prnewswire· 2025-11-03 21:52
Core Insights - Eve Air Mobility has signed a Framework Agreement with Bahrain's Ministry of Transportation and Telecommunications to promote sustainable air mobility in the Middle East [2][3] - The partnership aims to establish a regulatory and operational framework for eVTOL (electric Vertical Take-Off and Landing) operations in Bahrain, with commercial operations expected to start in 2028 [3][4] Company Commitment - The agreement reinforces Eve's commitment to sustainable air mobility and aligns with Bahrain's vision to become a hub for next-generation mobility solutions [2][4] - Eve's CEO emphasized the importance of this partnership in transforming urban transportation and creating economic opportunities [4] Infrastructure Development - Key objectives of the agreement include creating a sandbox environment for testing Advanced Air Mobility systems and developing vertiport infrastructure for eVTOL deployment [3] - The collaboration focuses on zero-emission, low-noise operations and includes workforce training initiatives [3] Market Expansion - Eve is exploring premium shuttle and tourist routes in major cities such as Dubai, Abu Dhabi, Riyadh, Jeddah, Doha, Istanbul, and Manama, aiming to enhance mobility experiences for residents and tourists [4] Product Features - Eve's eVTOL is designed for the region's climate, featuring advanced UV/IR window protection, microclimate air conditioning, and a Lift + Cruise design to ensure reliability and comfort [5] Company Background - Eve Air Mobility is focused on accelerating the Urban Air Mobility ecosystem, leveraging Embraer's aerospace expertise and a holistic approach to develop eVTOL solutions and air traffic management [6]
Hyundai's $7.4B Vision For Flying Taxis Hits A Wall As Supernal Halts Work After CEO And CTO Exit
Yahoo Finance· 2025-09-14 15:31
Core Insights - Hyundai's Supernal startup is facing challenges as it pauses its eVTOL aircraft program following the departures of key executives, including CEO Jaiwon Shin and CTO David McBride [1] - The company is shifting its focus from early-stage R&D to business model execution and operational growth, while continuing to invest in the advanced air mobility sector [2][3] Company Developments - Supernal's leadership transition includes Jaiwon Shin moving to an advisory role after leading the Advanced Air Mobility division since 2019 [2] - The company has conducted its first technology demonstrator test flight earlier this year, with plans for further tests and a commercial eVTOL service launch by 2028 [4][5] Strategic Direction - Hyundai emphasizes confidence in the long-term potential of sustainable air mobility solutions despite regulatory and infrastructure challenges [3] - Supernal is relocating its global headquarters from Washington, D.C. to Irvine, California, affecting about 5% of its workforce [6]