FutureFlight
Embraer Still Seeking Partners for Eve eVTOL Aircraft Venture
The Brazilian aircraft manufacturer incurred losses in 2020, mainly due to declining deliveries of its commercial airliners in the wake of the Covid pandemic.
Embraer Eve eVTOL
Embraer is seeking financial backing from partners to develop its planned Eve eVTOL aircraft. (Image: Embraer)

Embraer is still searching for strategic partners for its plans to develop an eVTOL aircraft through the Eve Urban Air Mobility Solutions subsidiary established in October 2020. During a fourth-quarter earnings call on March 19, the Brazilian aircraft manufacturer’s CEO, Francisco Gomes Neto, told financial analysts that while it has reached an “advanced stage” in its search for investment in a new regional turboprop airliner, it remains too early to report “anything concrete” on a possible partner to share its investment in Eve.

“We continue to invest in innovation, programs, and projects, and Eve is one of the most important ones we are working on at this moment,” said Neto. “We see great potential for the eVTOL market itself but also for urban air mobility traffic management as well. We are working to [find] potential investors and also strategic opportunities. We don’t have anything concrete to share with you at this point in time but this is, in terms of innovation, one of our most important initiatives.”