Eve Holding Inc., an Embraer company, announced today that its common stock and warrants will begin trading on the New York Stock Exchange (“NYSE”) today under the tickers “EVEX” and “EVEXW”, respectively.
The Company's management will participate in an opening ceremony on the NYSE today in celebration of the public listing, following to completion, in May 9, 2022, of a business combination between Zanite and EVE UAM, LLC, a leader in product development and solutions state-of-the-art for Urban Air Mobility (“UAM”) and subsidiary of Embraer SA (“Embraer”).
“Today, we celebrate a historic milestone in a journey that started almost five years ago at EmbraerX, Embraer's market accelerator, a leader in the global aviation industry,” said André Stein, co-CEO of Eve. “This transaction is a key enabler of our mission to become a leader in a $760 billion UAM potential market. We thank the entire team at Eve and Embraer for all their hard work, and our partners at Zanite, as well as our other investors for their ,” he added.
Eve has created a comprehensive, practical and capital-efficient UAM solution spanning electric vertical take-off and landing (eVTOL) design and production, service and , fleet operations and air traffic management. (UATM)
“We believe Eve is uniquely positioned to develop, certify and commercialize our UAM solutions on a global scale,” explained Jerry DeMuro, co-CEO of Eve. “Our launch order pipeline is 1.825 vehicles, secured via non-binding letters of intent, comprised of 19 industry-leading customers who have also invested in Eve. Among these customers, we have Azorra Aviation, Falko Regional Aircraft, Republic Airways and SkyWest. They provide powerful validation of our business strategy and vision.”
“We believe in the great potential of the global UAM market and Eve is well positioned to be a world leader with a new model of efficient and sustainable urban transport,” said Francisco Gomes Neto, President and CEO of Embraer. “We are fully committed to Eve, who has played a key role in our growth strategy driven by innovation and business efficiency.”
Eve's strategic partnership with Embraer is a key competitive advantage. The partnership includes a royalty-free license for Embraer's background intellectual property to be used in the UAM market, as well as access to thousands of highly skilled Embraer employees on a flexible and priority basis, as well as use of Embraer's global infrastructure. , pursuant to the of certain service agreements between Embraer and Eve. The strategic alignment with Embraer also provides Eve with important cost and execution advantages as it seeks to scale its UAM solutions globally.
“The Zanite team is excited to be a part of Eve's impressive journey,” said Kenn Ricci, director of Eve and Directional Aviation Capital, former member of sponsor Zanite. “We look forward to our continued partnership with Eve, where we will continue to leverage our extensive aviation industry experience to Eve as it continues to expand its presence in the global eVTOL market.”
Street: Embraer
