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Eve is “on track’ to start service in 2026 with over 2,700 order backlog”

Reuters reports an executive of electric aircraft maker Eve Holding saying the company is “on track” to meet its goal of starting commercial operations in 2026, and getting its aircraft certificated is the most immediate target.

Eve’s vice president of services & fleet operations, Luiz Mauad, told Reuters in an interview he expects authorities in 2023 to make progress on establishing rules for the sector, which would pave the way for certification “in a few years”.

Reuters reported further “Eve, controlled by Brazilian planemaker Embraer SA, last year launched a process for Brazil’s civil aviation regulator to certify its electric vertical take-off and landing (eVTOL) aircraft, which has already amassed a backlog of over 2,700 orders prior to the start of production.”

“Of course entering service is an important milestone, but before that comes the certification. And certifying an airplane, even a traditional one, is always a huge challenge, but Eve is confident about the “robust project,” which is backed by Embraer’s expertise,” said Mauad, reiterating the goal of starting operations in 2026.  He said Eve already had the cash needed for the project, initially slated to cost USD540 million, following a listing in the United States and additional funding from Brazil’s state development bank BNDES.

Reuters added that “McKinsey in a report also hinted at potential consolidation, saying mergers and business closures could be seen as “players mature and it may become clearer what technologies, designs, and business models are likely to succeed”.  Mauad acknowledged a consolidation process could happen in the sector, but noted Eve was still particularly focused on working through its partnerships.”

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Reuters report

(Image: Eve Holding)

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