Eve Signs LoI With Brazil’s FlyBIS For Up To 40 eVTOLs

Eve Air Mobility has signed a letter of intent (LoI) with Brazilian air mobility startup FlyBIS for up to 40 of Eve’s piloted, four-passenger electric vertical takeoff and landing (eVTOL) vehicles.

Based in the city of Caxias do Sul in Brazil’s mountainous Serra Gaúcha region, FlyBIS says it plans to launch operations in Southern Brazil in 2026 and will later expand into neighboring Latin American countries. In addition to its partnership with Embraer spinoff Eve, FlyBIS is backed by Brave Aviation, a Brazilian aircraft management and fractional jet ownership firm.

FlyBIS said in a statement that it plans to partner with Eve to “contribute to the implementation and development of Eve’s air mobility ecosystem.”

“This new collaboration with FlyBIS will enable us to expand the future of air mobility to southern areas of Brazil and other South American countries,” Eve Co-CEO Andre Stein said in a statement. “This region has several high-traffic tourist areas that will benefit from eVTOL operations, reinforcing our commitment to fostering the urban air mobility [UAM] market in different regions around the world.”

The 40-aircraft LoI from FlyBIS raises Eve’s conditional order backlog to 2,770 aircraft, the manufacturer says. Other notable recent orders include a conditional order from Blade Air Mobility for up to 200 eVTOLs; a commitment from United Airlines for 200 eVTOLs and 200 options; and a joint order for up to 150 eVTOLs by BAE Aerospace and Embraer. 

Eve reported a net loss of $11.8 million in the second quarter of 2022, compared to a $2.4 million net loss in the second quarter of 2021. The company recently notified the Securities and Exchange Commission that it will be unable to report its third-quarter results by the prescribed due date “without unreasonable effort or expense,” as it is currently evaluating previous financial reports “to determine the full extent of any adjustments in the amounts reported.”