Eve, Global Crossing Airlines Sign LOI For Up To 200 eVTOL Aircraft

  • Eve UAM, LLC , an Embraer SA ERJ company, signed a Letter of Intent with Global Crossing Airlines Group, Inc. JETMF for order of up to 200 of Eve's electric vertical take-off and landing aircraft (eVTOL).
  • This potential sale is included in Eve's current order backlog of up to 1,785 eVTOLs. Delivers are expected to start in 2026.
  • The agreement also enables a partnership that intends to explore the development of an ecosystem to scale Urban Air Mobility (UAM) and reinforces the Concept of Operations (CONOPS) in Miami-Dade.
  • Separately, Eve UAM announced the formation of a consortium of leading Urban Air Mobility (UAM) organizations and technology enablers, including Skyports, L3Harris Technologies Inc LHX, and the Community Air Mobility Initiative (CAMI).
  • The consortium will develop a Concept of Operations (CONOPS) for UAM operations between Miami International Airport (MIA) and the Miami Beach Convention Center. 
  • Price Action: ERJ shares are trading higher by 3.87% at $11.01, and LHX lower by 5.23% at $244.62 on the last check Wednesday.
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