Embraer Confirms Talks To Merge Eve eVTOL Unit with Zanite | Aviation International News

Embraer Confirms Talks To Merge Eve eVTOL Unit with Zanite

Embraer is in talks over a possible merger of its Eve Urban Air Mobility Solutions subsidiary and special purpose acquisition company Zanite.

Embraer's Eve Urban Air Mobility Solutions is looking to raise funds for its planned eVTOL aircraft through an IPO-merger with Zanite Acquisition. (Image: Embraer)

By Charles Alcock • Managing Editor

June 11, 2021

Embraer’s Eve Urban Air Mobility Solutions subsidiary is negotiating a possible merger with Zanite Acquisition Corp, a special purpose acquisition company that started trading on the Nasdaq market in November, raising an initial $230 million. Late on June 10, in a statement from Antonio Carlos Garcia, the Brazilian aerospace group’s executive vice president of finance and investor relations, Embraer responded to a Bloomberg report earlier in the day that Eve and Zanite are preparing to announce a $2 billion merger.

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