Eve Air Mobility, has signed a Letter of Intent (LOI) with Shearwater Global Capital, the aviation finance company of Bay Point – a specialist aviation lender providing asset-based financing to borrowers globally – for up to 16 vertical take-off and landing (eVTOL) aircraft.
Shearwater and Bay Point intend to leverage Eve’s backlog to offer leasing solutions that will advance air mobility operators access aircraft and accelerate fleet deployment. The companies will also explore additional financing opportunities as demand grows for advanced air mobility and efficient, lower-emissions transportation solutions.
The firm, founded in 2014 by Chris Miller, focuses on non-bank clients across commercial and private aviation, with deep expertise in pre-delivery financings, special mission aircraft, and older-vintage assets. Shearwater joined Bay Point, an Atlanta-based private credit firm specializing in asset-backed lending across niche markets underserved by traditional lenders, in 2026 to establish a dedicated aviation finance vertical.
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