Eve and Avantto to develop Urban Air Mobility (UAM) operations in Brazil and Latin America

Eve and Avantto to develop Urban Air Mobility (UAM) operations in Brazil and Latin America

São Paulo, Brazil, October 4, 2021 – Eve Urban Air Mobility, LLC, an Embraer company, and Aviation Management Services – Serviços Aeronáuticos Ltda. (“Avantto”) have signed a Letter of Intention and today announced a partnership aimed at developing the Urban Air Mobility (UAM) ecosystem in Latin America. This partnership includes an order for 100 of Eve’s electric vertical takeoff and landing (eVTOL) aircraft, as well as a collaboration to develop a new eVTOL operation in Brazil and across Latin America. Deliveries are expected to start in 2026.

Avantto and Eve plan to begin their partnership working together to develop new services and procedures that, together with communities and other industry stakeholders, can create a safe and scalable environment for eVTOL operations to expand. These efforts will focus on critical aspects of the passenger experience in order to design for all users, including how to maximize accessibility and inclusiveness in vertiports and eVTOL boarding operations.

“Avantto has been a great partner for Embraer Executive Jets, and we are reinforcing this bond with a shared focus on sustainability in this next generation of transportation. The strength of Avantto’s experience in operations, coupled with their growth strategy, make an ideal partner for the future expansion of Eve’s eVTOL deployment in Brazil and across Latin America. We will work together to make sure we continue our mission to democratize aviation through increasing accessibility and affordability,” said Andre Stein, President & CEO of Eve.

“For more than a decade, Avantto has uniquely developed software, systems, and procedures enabling the company to offer 24/7 on-call flight services for short-haul intra-city helicopter transportation to its hundreds of active members. This exclusive know-how will be one of the principal pillars of the urban air mobility ecosystem developed by the EVE/Avantto partnership,” said Rogério Andrade, CEO, and Founder of Avantto.

Backed by Embraer’s more than 50-year history of aircraft manufacturing and certification expertise, Eve unveils a unique value proposition by offering a suite of products and services. Eve’s zero-emission and low noise eVTOL represents a simple and intuitive design that continues to reach development milestones, including the first flight of the engineering simulator in July 2020, and a proof of concept in October 2020. In parallel, Eve’s Urban Air Traffic Management project reached a new milestone in its collaboration with the United Kingdom’s Civil Aviation Authority (CAA) to develop a scalable environment needed to host UAM flights.

Photo: https://drive.google.com/folderview?id=1s7HtAQxO7GesUbcc6imUWF6SxMYiBu_3

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About Avantto

Avantto is a leader in the Aircraft Sharing business in Brazil and the largest Embraer operator in Latin America for private aviation. Avantto’s customers have the privilege to fly their aircraft whenever they need, free of worries and for a fraction of the cost. With a portfolio of over 400 active users, Avantto does an average of 1,400 monthly take-offs (for both jets and helicopters) and flies over 850,000km per year. For more information, visit www.avantto.com.br.

About Eve

Eve is a new, independent company dedicated to accelerating the Urban Air Mobility (UAM) ecosystem. Benefitting from a startup mindset, backed by Embraer’s more than 50-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the UAM ecosystem, with an advanced electric vertical takeoff and landing vehicle (eVTOL) project, comprehensive global services and support network, and a unique air traffic management solution. Eve is the first company to graduate from EmbraerX.

For more information, visit www.eveairmobility.com.

About Embraer

A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive Aviation, Defense & Security, and Agricultural Aviation. The company designs develop, manufactures, and markets aircraft and systems, providing Services and Support to customers after-sales.

Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. On average, about every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 145 million passengers a year.

Embraer is the leading manufacturer of commercial jets with up to 150 seats and is the main exporter of high value-added goods in Brazil. The company maintains industrial units, offices, service, and parts distribution centers, among other activities, across the Americas, Africa, Asia, and Europe.

Forward-Looking Information Is Subject to Risk and Uncertainty

Certain statements in this release may be “forward-looking” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the potential agreement between Avantto and Eve, the proposed business combination, and the ability of Eve to deliver eVTOL aircraft in 2026, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on current assumptions about future events that may not prove to be accurate. These statements are not guaranteed and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially from these forward-looking statements. As a result, these statements speak only as of the date they are made and neither party undertakes an obligation to update or revise any forward-looking statement, except as required by law. Specific factors that could cause actual results to differ materially from these forward-looking statements include the effect of global economic conditions, the ability of the parties to negotiate and enter into a definitive agreement and realize anticipated synergies, the ability of Eve to obtain the required certifications to manufacture and sell its eVTOL aircraft, and other important factors disclosed previously and from time to time in the filings of Embraer with the Securities and Exchange Commission.

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