NewJerichoMan
3 years ago
Not sure this news will bump to $20 but it's coming.
https://finance.yahoo.com/news/embraer-embraer-delivers-nine-commercial-115400569.html
SÃO JOSÉ DOS CAMPOS, Brazil, Oct. 21, 2021 /PRNewswire/ -- Embraer (NYSE: ERJ; B3: EMBR3) delivered a total of 30 jets in the third quarter of 2021, of which nine were commercial aircraft and 21 were executive jets (14 light and seven large). As of September 30, the firm order backlog totaled USD 16.8 billion.
During 3Q21, in the executive aviation segment, Embraer delivered its 1,500th business jet. The milestone aircraft was a Phenom 300E, the best-selling light jet for nine years in a row, which was delivered to Haute Aviation, a Swiss company focused on charter, brokerage, and aircraft management.
In the commercial aviation segment, Embraer announced the sale of 16 new E175 jets to SkyWest, Inc. for operation in the Delta Air Lines network, adding to the 71 E175 jets SkyWest already operates for Delta. The E175 aircraft will fly for Delta under a Capacity Purchase Agreement (CPA). The value of the contract, which is included in Embraer's third quarter backlog, is USD 798.4 million, based on list price.
In the Services & Support segment, Embraer signed several contracts during the quarter. Porter Airlines signed a major aftermarket support package with Embraer for Porter's E2 fleet of commercial aircraft, for up to 20 years. Embraer also signed a Pool Program agreement with CommutAir, a United Express carrier, to support the airline's ERJ 145 jet fleet, and an extension for Pool Program with Cobham, in Australia, to support its three E190s. Also, in Australia, Embraer signed a services agreement with Alliance Airlines, which will provide materials support for the carrier's fleet of E190s.
NewJerichoMan
3 years ago
Embraer’s Eve and Helipass partner to expand UAM operations in France and beyond.
Melbourne, Florida, September 20, 2021 – Eve Urban Air Mobility Solutions and Helipass, SAS, today announced a new collaboration to accelerate and deploy electrical vertical takeoff and landing (eVTOL) aircraft, also known in the market as EVA (Electrical Vertical Aircraft), across France and Europe. The partnership aims to fly Eve’s electric aircraft for a total of 50,000 flight hours per year. This could lead to an optional increase of 100,000 annual flight hours across Helipass’ network.
Helipass plans to open digital bookings on its platform to offer an innovative and seamless user experience to customers throughout its network. To support the expansion of this partnership, Eve will work with Helipass to develop training, on-site support, and technical publications to facilitate the launch of EVA commercial operations.
Following the commercial introduction of the EVA, which is planned for 2026, both companies will endeavor to launch Eve’s EVA aircraft across Helipass’ markets. These flights will include sightseeing, city and airport transfers, as well as a growing on-demand service.
“We are very happy about bringing Helipass to our family of partners, increasing the global reach of our solutions to the UAM market. Europe is not only ripe for new mobility solutions, but also very focused on ensuring a more sustainable future, which is very much in line with Eve’s vision,” said Andre Stein, President & CEO of Eve.
“This is a great step for Electric Air Mobility. We are very proud to open the way and democratize the air with Eve. This new aircraft will transform our sightseeing activity with less noise and zero-emission on all our destinations for sustainable flights. The airport transfer activity will also become sustainable and open to everybody as a real mobility solution. Helipass, the air mobility platform with 600 destinations and 120 helicopter operators is opening the way for a better future,” said Frederic Aguettant, CEO of Helipass.
Both parties will look into growing the service beyond this agreement to include additional use cases, as well as the requisite services needed to support the scalability of Urban Air Mobility (UAM) products in Helipass’ core markets.
NewJerichoMan
3 years ago
20-Year Service Contract with Porter
https://embraer.com/global/en/news?slug=1206902-embraer-signs-major-services-and-support-agreement-with-porter-airlines
São José dos Campos, Brazil, August 5th, 2021 – After unveiling plans for a major expansion in North America with a firm order for 30 E195-E2 jets, with purchase rights for a further 50 aircraft, Porter Airlines has signed a major aftermarket support package contract with Embraer. The Total Support Program (TSP) agreement includes airframe heavy maintenance checks, technical solutions, and access to the Pool Program, which includes component exchanges and repair services for hundreds of reparable items for Porter’s E2 fleet of commercial aircraft, for up to 20 years. Currently, the Pool Program supports more than 50 airlines worldwide.
NewJerichoMan
3 years ago
Partnership with Ascent
https://eveairmobility.com/eve-urban-air-mobility-announces-partnership-with-ascent/
Eve Urban Air Mobility announces partnership with Ascent
Melbourne, Florida, June 10, 2021 – Eve Urban Air Mobility Solutions, Inc. (Eve) and Ascent today announced a partnership focused on accelerating the development of the Urban Air Mobility ecosystem in Asia-Pacific markets. The partnership will advance the entry of Eve’s electric vertical takeoff and landing vehicle (eVTOL) aircraft into Ascent’s growing technology platform that allows users to book charter flights as well as flights by the seat and orchestrate UAM operations seamlessly.
The partnership aims at enabling the progressive entry of Eve’s eVTOLs throughout the region dedicated to air taxi, cargo and air medical services. Ascent currently includes a data base of air operator partners that are dedicated to UAM operations, throughout Thailand and the Philippines, and is set to expand its presence in the region. Additionally, the parties expect that Eve´s Urban Air Traffic Management (UATM) services will be fully integrated into Ascent technology to ensure secure and scalable operations.
“This partnership with Eve is a leap forward for Ascent toward achieving our ambition to democratize sustainable urban air mobility. Joining forces with Eve, and by extension counting with the active support from the Embraer Group, will enable us to accelerate our development for a larger impact, secure the entry of market-fit all-electric aircraft, and provide safe and secure operations at scale thanks to urban air traffic management integration,” said Lionel Sinai-Sinelnikoff, Founder & CEO of Ascent.
“We are pleased to announce this partnership with Ascent as it aligns with our strategy to develop the urban air mobility ecosystem through collaborative efforts and to be a truly global player. Armed with Ascent’s data and platform, we will be well-positioned to enter into the Asia Pacific market. On our end, we are committed to supporting Ascent’s growth and its ambition to democratize air mobility,” said Andre Stein, President & CEO of Eve Urban Air Mobility.”
Ascent, Asia’s first technology-powered UAM service, was designed to make cities more connected by moving people seamlessly and affordably by air—using helicopters today and eVTOLs in the future. With Ascent’s first-hand data and growing footprint, Eve will enhance its dedicated solutions accordingly to ensure the best aircraft to deploy and bring to market for Ascent air operator partners.
With the new partnership, the companies will establish a proof of concept to demonstrate the extent of Ascent’s platform and market penetration while offering increased accessibility to a broader segment of the Asia Pacific region. Ascent will then facilitate the entry into the market of Eve dedicated solutions.
Benefitting from a startup mindset and backed by Embraer’s more than 50-year history of aircraft manufacturing and certification expertise, Eve unveils a unique value proposition by positioning itself as an ecosystem partner by offering a suite of products and services. Eve’s human-centered, eVTOL design represents a simple and intuitive design that continues to reach development milestones, including the first flight of the engineering simulator in July 2020 and proof of concept in October 2020. In addition to the aircraft program, Eve is harnessing the expertise of both Embraer and Atech, a subsidiary of the Embraer Group, in providing globally recognized air traffic management software to create the solutions that will help safely
About Eve Urban Air Mobility Solutions (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, a 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 Ascent
Ascent is a Singapore based start-up powering Air Mobility in Asia. Technology and experience driven, Ascent is an Air Mobility holistic integrator, that entrenches ecosystems and runs operations such as air taxi, touristic, cargo and medical services, within urban areas and across regions. Ascent ambitions to democratize Air Mobility, as a convenient, reliable and sustainable mode of mobility that addresses congestion, connectivity, environmental sustainability and health issues generated by rapid urbanization and the pandemic. Ascent is operational in the Philippines, and in Thailand. Awaiting for eVTOLs, Ascent makes use of helicopters and planes today. For more information, visit www.ascent.flights. Media contact: media@ascent.flights
NewJerichoMan
3 years ago
Motley Fool article about EVE.
https://www.fool.com/investing/2021/06/10/why-embraer-is-up-big-this-week/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
What happened
Shares of Brazilian aerospace manufacturer Embraer (NYSE:ERJ) were up 14% for the week as of Thursday afternoon on talk the company was near a deal to merge its air taxi business with a special purpose acquisition company (SPAC).
So what
Investors have been waiting for Embraer's next move for more than a year now following an April 2020 decision by Boeing to walk away from a $4 billion deal to take control of Embraer's commercial operations. Embraer's commercial aerospace operation has some good products, but the company's diminutive size has made competing against titans like Boeing and Airbus difficult, and the proposed deal looked like a good option to solve a lot of what ailed Embraer.
The company continues to consider options for various businesses, and it appears it might have found a partner for its Eve Urban Air Mobility operation. Bloomberg reported late Wednesday that Embraer was in talks to merge Eve into Zanite Acquisition, a SPAC, in a deal that could value the combination at about $2 billion.
Embraer confirmed talks were ongoing.
Eve is developing an electric vertical takeoff and landing aircraft, a class of aircraft that somewhat resembles a blend between an automobile and helicopter. Last week, the unit crossed a major milestone, announcing an order of 200 of its aircraft by Halo Aviation, with deliveries scheduled to begin in 2026.
If Eve merges with Zanite, it would follow in the footsteps of Joby Aviation, a rival flying taxi start-up with a pending deal to merge with SPAC Reinvent Technology Partners.
Now what
Embraer shares have staged an impressive rally from their 2020 lows when the stock was down more than 75% on the fallout from the pandemic and Boeing's decision to walk away. But even after the recent run-up, the stock is still trading 20% below where it was at the beginning of 2020.
It will be interesting to see how the potential deal with Zanite is structured and how much, if any, exposure to the potential upside Embraer keeps as part of an agreement. The company's core commercial aerospace business -- its line of small, fuel-efficient passenger aircraft -- could still use a partner to help boost international sales. But investors this week were excited by the opportunity to find a partner for Eve.
**BONUS VIDEO**
C-390 Millennium Program
NewJerichoMan
3 years ago
Embraer Launches an Electric Airplane Business
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.
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.
Halo will thus become the first customer for Eve's new product, with deliveries expected to begin by 2026. Halo will operate 100 of the electric aircraft in the U.S., and another 100 in the U.K.
The companies added that Halo is the brand name of the service, a joint effort by Halo Aviation in Britain and Associated Aircraft Group in the U.S. According to data from S&P Global Market Intelligence, both helicopter-transportation companies are private, and both share privately owned OneSky Network as their parent company.
According to all companies involved, creation of this partnership will make Eve -- and by extension Embraer -- a global leader in eVTOL aircraft.
https://www.fool.com/investing/2021/06/01/embraer-launches-an-electric-airplane-business/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
NewJerichoMan
3 years ago
SPAC merger!!! Yes!!
https://www.thestreet.com/boardroomalpha/spac/spacs-back-nextnav-tmts
Terms of the deal could change and as with all transactions that aren’t finalized, talks could fall apart. Zanite declined to comment, and an Embraer representative didn’t immediately have a comment.
Zanite is led by co-Chief Executive Officers Kenn Ricci, co-owner of Directional Aviation Capital, which controls private-jet flight provider Flexjet, and Steve Rosen, co-founder of private equity firm Resilience Capital Partners. The Cleveland-based SPAC raised $230 million in a November initial public offering.
Embraer’s American depositary receipts surged 5.7% to $14.41 in early trading at 8:58 a.m. in New York.
Ricci, the founder of several private-jet companies, bought Flexjet from transportation firm Bombardier Inc. in 2013. The company sells partial ownerships in its fleet of business aircraft, enabling members to fly privately without having to buy planes outright, and competes against NetJets, owned by Berkshire Hathaway Inc.
Eve Urban Air Mobility makes eVTOLs, which have been dubbed flying taxis. Led by CEO Andre Stein, the company this week struck a partnership with Helisul Aviation, a Brazilian helicopter operator, that involves an order of as many as 50 eVTOLs, with deliveries slated to begin in 2026.
“Disruptive urban air mobility solutions can bring same type of benefits that aviation already brought to longer trips literally closer to people, giving urban commuters more options to move around the city,” Stein said in a statement announcing the partnership.
Last week, Eve said it struck a partnership with Halo Aviation Ltd., a helicopter travel provider in the U.S. and U.K., which features an order for 200 of Eve’s eVTOL aircraft with delivery commencing in 2026. Halo is part of Ricci’s Directional Aviation.
Other eVTOL companies including Joby Aviation, Lilium GmbH and Archer Aviation Inc. have agreed to go public through SPAC mergers.
Blade Air Mobility Inc., a provider of short-distance flights, went public last month after merging with a SPAC. The company, which has ordered eVTOLs, has said it intends to transition to electric vertical aircraft from conventional helicopters, citing a reduced carbon footprint, less noise and lower operating costs.
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
Ask ADVFN Intelligence (AI)
Monksdream
3 months ago
Ryguy008
3 years ago
Hot Features
Premium
