Brazilian airplane manufacturer Embraer (NYSE: ERJ) shook up the air travel industry this morning by announcing it has formed an independent company called Eve Urban Air Mobility Solutions. The company said Eve will develop electric vertical takeoff and landing (eVTOL) aircraft for use as air taxis, and that it's already found a buyer for 200 of them.
Artist's conception of a Halo branded vertical launch airplane. Image source: Embraer.
On Tuesday, Embraer and Halo -- a provider of helicopter travel services in the United States and the United Kingdom -- agreed to form a partnership. Eve will produce the eVTOL air taxis, Halo will acquire and operate 200 of them, and the two companies will collaborate on continued development of Eve's Urban Air Traffic Management system as well as fleet operations.
For further details see:
Embraer Launches an Electric Airplane Business