Aircraft
Airlines Back Embraer eVTOL Subsidiary's Plans to Go Public
With new airline orders in hand, Eve is merging with Zanite and intends to float share on the New York Stock Exchange in the second quarter of 2022.
American Airlines-affiliate Republic Airways has agreed to add up to 200 of Eve's four-passenger eVTOL aircraft to its fleet from 2026. (Image: Eve Urban Air Mobility)
American Airlines-affiliate Republic Airways has agreed to add up to 200 of Eve's four-passenger eVTOL aircraft to its fleet from 2026. (Image: Eve Urban Air Mobility)

Eve Urban Air Mobility today became the latest eVTOL aircraft developer to announce plans to go public via a merger with a special purpose acquisition company. The subsidiary of Brazilian aerospace group Embraer said it has reached agreement to combine its business with Zanite Acquisition Corp. and seek a New York Stock Exchange listing under the name Eve Holding. Talks between Embraer and Zanite were first confirmed on June 11.