Technology & Innovation
Eve Air Mobility Secures $40M BNDES Loan and Lists on B3 Exchange
Eve Air Mobility obtains $40 million financing from Brazil’s BNDES and lists on the B3 stock exchange, supporting eVTOL development with 2027 service entry.
This article is based on an official press release from Eve Air Mobility / Embraer and supporting market data.
Eve Air Mobility (“Eve”), the electric vertical take-off and landing (eVTOL) subsidiary of aerospace manufacturer Embraer, has executed a significant dual-strategy milestone to fortify its position in the urban air mobility sector. On December 9, 2025, the company celebrated its official listing on the Brazilian stock exchange (B3) while simultaneously announcing a fresh Investments package worth approximately $40 million (R$200 million) from Brazil’s National Development Bank (BNDES).
The new capital injection, sourced primarily from the BNDES Climate Fund, is earmarked for the critical development phases of Eve’s eVTOL program. According to the company’s announcement, these funds will support the integration of electric motors for the program’s first “certification-conforming” prototype and fund the rigorous test campaigns required by Brazil’s Civil Aviation Agency (ANAC). This latest development underscores the Brazilian government’s continued support for Eve as a strategic national asset in the global aerospace industry.
The financing agreement, valued at R$200 million, is structured not as a standard commercial loan but as a strategic development credit designed to foster Green-Technology within Brazil. The funding is divided into two specific sub-credits, providing Eve with a 15-year maturity term that offers a long-term financial runway.
According to details released regarding the transaction, the financing is split as follows:
This latest infusion brings the total support from BNDES to Eve to over $240 million since 2022. The favorable terms and long maturity period reflect the state’s commitment to ensuring Eve remains competitive against well-capitalized international rivals.
Coinciding with the funding announcement, Eve formally debuted on the B3, Brazil’s primary stock exchange, under the ticker symbol EVEB31. While the company remains legally headquartered in the United States with its primary listing on the New York Stock Exchange (NYSE: EVEX), the dual listing allows Eve to tap into a broader pool of capital.
The move enables Brazilian institutional and retail investors, who may face barriers trading on the NYSE, to invest directly in the company. This strategy reinforces Eve’s identity as a Brazilian innovator leveraging Embraer’s industrial heritage while maintaining global market access.
Eve continues to leverage its relationship with Embraer, the world’s third-largest aircraft manufacturer, to advance its industrial capabilities. The company is currently finalizing its first full-scale prototype and establishing a production facility in Taubaté, São Paulo. The facility is expected to utilize Embraer’s existing supply chain ecosystem to streamline Manufacturing. According to company data, Eve currently holds one of the industry’s largest order backlogs, comprising approximately 2,800 Letters of Intent (LOIs) valued at roughly $14 billion. The company is targeting an Entry into Service (EIS) date of 2027.
The global eVTOL market is currently undergoing a sharp bifurcation, separating well-capitalized leaders from struggling independent Startups. Eve’s recent moves highlight the effectiveness of its “capital-light” strategy, which relies on Embraer for R&D and infrastructure rather than building everything from scratch.
While competitors like Joby Aviation have raised massive sums, such as their recent $500 million investment from Toyota, to fund vertical integration, Eve’s $40 million loan carries significant weight due to its efficiency. By utilizing Embraer’s existing testing grounds and engineering workforce, every dollar of debt goes further for Eve than for a startup like Lilium, which recently faced insolvency.
Furthermore, the BNDES loan signals “sovereign backing.” In an industry fraught with regulatory and certification risks, the Brazilian government’s financial stake in Eve serves as a confidence signal to private investors. It suggests that Brazil views the success of Eve not just as a corporate goal, but as a matter of national industrial strategy, similar to how the U.S. and China support their respective aerospace champions.
What are Eve Air Mobility’s stock tickers? What is the value of the new BNDES financing? When is Eve’s aircraft expected to enter service? What is the BNDES Climate Fund? Sources: Eve Air Mobility / Embraer Press Release, BNDES Official Data
Eve Air Mobility Strengthens Financial Runway with B3 Listing and $40 Million BNDES Loan
Strategic Financing via BNDES Climate Fund
Dual Listing on the B3 Exchange
Program Status and Industrialization
AirPro News Analysis
Frequently Asked Questions
Eve is listed on the NYSE under the ticker EVEX and now on the Brazilian B3 exchange under the ticker EVEB31.
The financing package is worth approximately R$200 million, or roughly $40 million USD.
Eve is targeting an Entry into Service (EIS) date of 2027.
The Fundo Clima is a Brazilian government financing program dedicated to projects that mitigate climate change. Eve’s participation falls under the “Green Industry” modality, supporting the development of zero-emission aviation technology.
Photo Credit: Embraer
Sustainable Aviation
Delta Air Lines 2025 Sustainability Progress: Fuel Savings and Fleet Upgrades
Delta Air Lines reports saving 55 million gallons of fuel in 2025 while advancing fleet modernization and increasing Sustainable Aviation Fuel use by 50%.
This article is based on an official press release from Delta Air Lines and includes additional industry context.
Delta Airlines has released its 2025 sustainability progress report, detailing significant advancements in its “Keep Climbing” strategy. According to the airline, the focus for the year remained on immediate operational efficiencies and long-term technological investments aimed at decarbonization. The carrier reported meeting critical fuel-saving targets while laying the groundwork for future fleet innovations.
In an official statement, Delta highlighted progress across three strategic pillars: fleet modernization, operational changes, and the scaling of Sustainable Aviation Fuel (SAF). The airline confirmed it achieved a near-term goal of 1% fuel burn savings, equating to approximately 55 million gallons of fuel saved throughout the year. These efforts are part of a broader push to mitigate the environmental impact of aviation while managing the economic realities of fuel costs.
A central component of Delta’s strategy involves replacing older, less efficient jets with next-generation Commercial-Aircraft. The airline reported taking Delivery of over 35 new aircraft in 2025, a move that improved the average fuel efficiency of its fleet by approximately 25% compared to the retired models they replaced.
Looking ahead, Delta has secured orders for 20 Airbus A350-1000 aircraft, with deliveries expected to commence in 2026. According to manufacturer specifications cited in the release, these widebody jets are 20-25% more fuel-efficient per seat mile than the Boeing 767 and 777 aircraft they are intended to replace.
Beyond traditional tube-and-wing aircraft, Delta is investing in revolutionary airframe concepts. The airline is a key partner for JetZero, a company developing a “blended wing body” aircraft. Independent analysis suggests this design could reduce fuel burn by up to 50% by generating lift across the entire airframe, though entry into service is projected for 2030 or later.
Additionally, Delta has partnered with Dutch startup Maeve Aerospace to develop the M80 hybrid-electric regional aircraft. This concept promises 40% higher fuel efficiency than current regional jets, with a potential timeline for entry around 2032.
While fleet renewal offers long-term gains, Delta’s “Carbon Council”, a cross-divisional team, focused on immediate tactical changes to reduce fuel consumption in 2025. These measures allowed the airline to meet its goal of saving over 55 million gallons of fuel. Key operational initiatives included:
These efficiency gains have direct financial implications. Based on estimated jet fuel prices of $2.50 to $2.70 per gallon, the 55 million gallons saved in 2025 translates to roughly $130 million to $150 million in cost savings. This operational discipline likely contributed to the airline’s strong financial performance, which allowed for a $1.4 billion profit-sharing payout to employees in February 2025.
Delta continues to aggressively scale its use of Sustainable Aviation Fuel (SAF), despite facing industry-wide supply constraints. The airline reported it was on track to increase SAF usage by 50% in 2025 compared to 2024 levels, moving from approximately 13 million to 20 million gallons.
A significant achievement in 2025 was the first commercial-scale SAF uplift at Portland International Airport (PDX). In partnership with Shell Aviation and Montana Renewables, this project demonstrated that SAF can be “dropped in” to existing airport infrastructure, such as pipelines and storage tanks, without the need for specialized modifications.
“This project proved that SAF can be dropped into existing airport fuel infrastructure without requiring specialized modifications, a critical step for mass adoption.”
, Industry analysis regarding the PDX milestone
While Delta is making strides, it operates in a highly competitive environment regarding fuel efficiency. Data from analytics firms like Cirium indicates that ultra-low-cost carriers such as Frontier and Spirit often lead the U.S. market in fuel efficiency per seat mile, largely due to their high-density seating configurations.
Among legacy carriers, Southwest Airlines typically leads in efficiency metrics, with Delta, United, and American closely grouped. However, Delta often outperforms peers on specific international routes due to its investment in newer widebody aircraft like the A350 and A330neo.
Despite the progress, the “Green Premium” remains a hurdle. SAF currently costs two to five times more than conventional jet fuel, and global production accounts for less than 0.5% of total demand. Delta’s goal of 10% SAF usage by 2030 is ambitious and will require continued government support, such as the incentives provided by the Minnesota SAF Hub, to become a reality.
The Blended Wing Body is a design by JetZero where the aircraft fuselage and wings are integrated, generating lift across the entire body. It aims to reduce fuel consumption by 50% compared to traditional aircraft. Delta reported saving approximately 55 million gallons of fuel in 2025 through operational efficiencies, meeting its 1% savings goal.
The project at Portland International Airport demonstrated that Sustainable Aviation Fuel can be used with existing airport pipelines and storage, removing the need for expensive new infrastructure to handle the fuel.
Delta Air Lines Reports 2025 Sustainability Milestones: Fleet Upgrades and Operational Efficiency
Pillar 1: Fleet Modernization and Future Tech
Next-Generation Orders
Investments in Radical Design
Pillar 2: Operational Efficiency
AirPro News Analysis: The Financial Impact
Pillar 3: Scaling Sustainable Aviation Fuel (SAF)
The PDX Milestone
Industry Context and Competitive Landscape
Challenges to Scaling
Frequently Asked Questions
What is the “Blended Wing Body” aircraft Delta is investing in?
How much fuel did Delta save in 2025?
What is the significance of the PDX SAF project?
Sources
Photo Credit: Delta Air Lines
Sustainable Aviation
EVIO Inc Launches EVIO 810 Hybrid-Electric Regional Aircraft Program
EVIO Inc. debuts the EVIO 810 hybrid-electric regional aircraft with 450 pre-orders, supported by Boeing and Pratt & Whitney Canada.
This article is based on an official press release from EVIO Inc. and verified industry data.
Montreal-based aerospace company EVIO Inc. has officially launched its EVIO 810 hybrid-electric regional aircraft program, marking a significant shift in the sustainable aviation landscape. According to the company’s announcement, the program enters the market with substantial momentum, securing 450 conditional pre-orders from two undisclosed major Airlines. These commitments are split between 250 firm orders and 200 options.
The launch is bolstered by strategic investment and technical support from Boeing, alongside a propulsion collaboration with Pratt & Whitney Canada. The EVIO 810 is a “clean-sheet” design targeting the 76-to-100-seat market, a segment that has seen limited innovation in recent decades. The aircraft aims to replace aging regional turboprops and jets with a solution that balances operational reality with aggressive decarbonization goals, targeting an entry into service (EIS) in the early 2030s.
The EVIO 810 is positioned as a regional hybrid-electric airliner designed to address the “replacement crisis” facing regional fleets. Unlike smaller electric concepts, this aircraft is sized to handle standard regional routes with a capacity of 76 to 100 passengers.
At the core of the EVIO 810 is a “Strong Hybrid” propulsion architecture. According to technical details released by the company, this system allows the aircraft to operate in fully Electric-Aviation mode during specific flight phases,such as taxiing, takeoff, landing, and short-range flights of approximately 100 nautical miles (185 km). For longer missions, the turbine engines engage to extend range and recharge batteries.
The aircraft features four wing-mounted nacelles. Each houses a Pratt & Whitney Canada PT6E turbine engine mated to an electric motor and battery pack. This configuration aims to deliver:
EVIO’s rapid ascent from a “stealth” entity to a major industry player is underpinned by high-profile Partnerships. Boeing has stepped in as a strategic investor, providing both capital and technical services to assist with certification and manufacturing scaling. Simultaneously, the collaboration with Pratt & Whitney Canada leverages the legendary reliability of the PT6 engine family, a move designed to reduce the technical risk associated with unproven propulsion systems.
The company is led by CEO Michael Derman and CTO Luc Van Bavel. The Board of Directors includes notable industry veterans such as Rob Dewar, widely recognized as the “Father of the CSeries” (now the Airbus A220), and Frank Cappuccio, former EVP of Lockheed Martin Skunk Works.
“The EVIO 810 represents a pragmatic evolution in regional aviation, combining proven turbine reliability with the efficiency of electric propulsion,” the company stated in its release materials.
The launch of the EVIO 810 addresses a critical gap in the aviation market. As major manufacturers like Airbus and Embraer focus on larger jets (100+ seats), the sub-100-seat market has been largely reliant on aging platforms like the De Havilland Dash 8 and ATR series. Airlines are under increasing pressure to decarbonize short-haul flights, which are disproportionately carbon-intensive on a per-passenger basis. EVIO’s approach differs significantly from competitors like Heart Aerospace, which targets the 30-seat commuter market. By aiming for up to 100 seats, EVIO places itself in direct competition with traditional regional jets and the upcoming Maeve M80. The sheer volume of the initial order book,450 aircraft,suggests strong interest from the world’s largest regional carriers, potentially including operators like SkyWest or major airline subsidiaries looking to hedge against rising fuel costs and carbon taxes.
When will the EVIO 810 enter service? Who provides the engines for the aircraft? What is the range of the aircraft? Is the aircraft fully electric?
EVIO Inc. Debuts Hybrid-Electric Program with Boeing Backing and 450 Pre-Orders
The EVIO 810: Technical Specifications
Propulsion and Performance
Strategic Partnerships and Leadership
AirPro News Analysis: The Regional Market Gap
Frequently Asked Questions
The company targets entry into service (EIS) in the early 2030s.
The propulsion system utilizes Pratt & Whitney Canada PT6E turbine engines integrated with electric motors.
The aircraft is optimized for routes between 200 and 300 nautical miles but is capable of flying up to 500 nautical miles.
No, it uses a “Strong Hybrid” system. It can fly fully electric for short distances (approx. 100 nm) and uses turbine power for cruise and longer ranges.
Sources
Photo Credit: EVIO Inc.
Technology & Innovation
Vertical Aerospace Unveils Valo and UK Electric Air Taxi Network for 2029
Vertical Aerospace announces the Valo eVTOL and plans UK’s first electric air taxi network launching in 2029, with flights from Canary Wharf to Heathrow.
This article is based on an official press release from Vertical Aerospace.
On December 9, 2025, Vertical Aerospace announced a strategic consortium to launch the United Kingdom’s first electric air taxi network. In partnership with infrastructure developer Skyports Infrastructure and operator Bristow Group, the Bristol-based manufacturer aims to commence commercial operations in the first quarter of 2029. The announcement coincided with the unveiling of “Valo,” Vertical’s new commercial-grade eVTOL (electric vertical take-off and landing) aircraft.
According to the company’s press release, the network will center on a primary hub at Canary Wharf in London. The initiative is designed to drastically reduce transit times between the financial district and major transport nodes. For example, the partners project a flight time of approximately 12 minutes between Canary Wharf and Heathrow Airport, a journey that typically takes 60 to 90 minutes by road.
The timeline for the project hinges on regulatory approval. Vertical Aerospace is targeting Type Certification with the UK Civil Aviation Authority (CAA) and the European Union Aviation Safety Agency (EASA) by 2028, paving the way for commercial service the following year.
Replacing the previous VX4 prototype, the newly unveiled “Valo” represents Vertical Aerospace’s production-intent aircraft. The design incorporates data gathered during the company’s flight test campaigns, resulting in significant aerodynamic and structural changes aimed at commercial viability.
The aircraft is a piloted eVTOL designed to carry four passengers. According to specifications released by the company, Valo features a top speed of 150 mph (241 km/h) and a maximum range of 100 miles (161 km). The company emphasizes the aircraft’s low noise profile, stating it operates at less than 50 dBA in cruise, making it significantly quieter than traditional helicopters.
Vertical Aerospace highlighted several key engineering updates in the Valo design:
Regarding safety, the manufacturer stated they are targeting a $10^{-9}$ safety level, a standard equivalent to that of commercial airliners.
“Valo is the aircraft that turns electric flight into a commercial reality, clean, quiet, fast, and engineered for everyday service. Electric flight will transform how cities move, and London is one of the best places in the world to prove it.”
, Stuart Simpson, CEO of Vertical Aerospace
The partnership divides responsibilities among three distinct entities to create a functional Advanced Air Mobility (AAM) ecosystem. Vertical Aerospace will transition from prototype developer to aerospace manufacturer, responsible for the production and certification of the Valo fleet.
Skyports Infrastructure will manage the ground component. Their role involves designing, building, and operating the vertiports required for take-off and landing. Key assets in this network include the existing London Heliport and a newly planned facility at Bicester Motion.
Bristow Group, a global leader in vertical flight solutions, will serve as the operator. Utilizing its existing Air Operator Certificates (AOCs), Bristow will handle pilot training, aircraft maintenance, and passenger logistics.
“With Bristow’s operational strength, we can accelerate plans for electric air taxi routes across the region, with the plan to create a UK-wide network.”
, Chris Bradshaw, CEO of Bristow Group
To support the launch, Vertical Aerospace commissioned an independent report by Frontier Economics. The report projects that the venture could generate £3 billion ($3.8 billion) annually for the UK economy by 2035. Furthermore, the ecosystem is expected to create over 2,000 high-skilled jobs within the sector.
While the initial focus remains on the Canary Wharf to Heathrow route, the consortium has outlined plans for expansion. Future destinations include Gatwick Airport, Cambridge, Oxford, and the new vertiport in Bicester.
The shift from the VX4 prototype to the “Valo” branding signals a critical maturity phase for Vertical Aerospace. By locking in a production design, the company is moving away from experimental iteration toward the rigid demands of certification. However, the target date of Q1 2029 for commercial launch remains aggressive.
While the UK CAA has published policy consultations aligning with a 2028 start for eVTOL operations, the certification process for novel electric aircraft remains complex. Vertical Aerospace is currently in Phase 4 of its flight test program (piloted transition flights). The success of this timeline will depend heavily on the speed of regulatory validation and the ability of infrastructure partners like Skyports to secure real estate and planning permissions in dense urban environments like Canary Wharf. When will the service launch? How fast is the Valo aircraft? Who will fly the aircraft? What is the range of the aircraft?
Vertical Aerospace Unveils “Valo” and Plans UK Air Taxi Network for 2029
Introducing the “Valo” Aircraft
Design and Safety Specifications
Operational Ecosystem and Partners
Economic Impact and Future Routes
AirPro News Analysis
Frequently Asked Questions
The partners are targeting a commercial launch in Q1 2029, following expected certification in 2028.
The aircraft has a top speed of 150 mph (241 km/h).
The Valo is a piloted aircraft. Bristow Group will provide professional pilots and manage flight operations.
The Valo has a stated range of up to 100 miles (161 km).
Sources
Photo Credit: Vertical Aerospace
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