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 Strengthens Financial Runway with B3 Listing and $40 Million BNDES Loan
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.
Strategic Financing via BNDES Climate Fund
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:
- Sub-credit A (~$32 million): Sourced from the Fundo Clima (Climate Fund) under the “Green Industry” modality. This capital is specifically allocated for projects that reduce greenhouse gas emissions and promote sustainable urban development.
- Sub-credit B (~$8 million): Sourced from the FINEM Innovation Line, utilizing BNDES resources raised in foreign currency to support technological innovation.
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.
Dual Listing on the B3 Exchange
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.
Program Status and Industrialization
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.
AirPro News Analysis
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.
Frequently Asked Questions
What are Eve Air Mobility’s stock tickers?
Eve is listed on the NYSE under the ticker EVEX and now on the Brazilian B3 exchange under the ticker EVEB31.
What is the value of the new BNDES financing?
The financing package is worth approximately R$200 million, or roughly $40 million USD.
When is Eve’s aircraft expected to enter service?
Eve is targeting an Entry into Service (EIS) date of 2027.
What is the BNDES Climate Fund?
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.
Sources: Eve Air Mobility / Embraer Press Release, BNDES Official Data
Photo Credit: Embraer
Sustainable Aviation
Delta Air Lines Installs VCT Finlets on 240 Boeing 737NG Jets
Delta Air Lines will fit aerodynamic finlets from Vortex Control Technologies on 240 Boeing 737-800 and 737-900ER aircraft.

Delta Air Lines will install aerodynamic finlets from Vortex Control Technologies across 240 of its Boeing 737 Next Generation aircraft to reduce drag and lower fuel consumption.
Announced in a company press release on June 17, 2026, the modification program targets the carrier’s Boeing 737-800 and 737-900ER fleets. The installation follows computational fluid dynamics analysis and flight test validation, aligning with Delta’s broader sustainability objectives to address the 90 percent of its carbon footprint generated by jet fuel.
Aerodynamic modifications and fleet implementation
The Vortex Control Technologies (VCT) finlet package consists of small aerodynamic devices installed on the aft fuselage of the aircraft. These structures are designed to reshape airflow around the tail section, reducing flow separation and improving overall pressure distribution. By mitigating aerodynamic drag, the finlets directly decrease the amount of thrust required during cruise, resulting in lower fuel burn.
Delta Air Lines Chief Sustainability Officer Amelia DeLuca stated that the carrier seeks out innovations that reduce environmental impact and generate long-term operational benefits.
“We appreciate the strong partnership with VCT throughout the evaluation process and are looking forward to this implementation to further support our ongoing fleet efficiency initiatives,” DeLuca said.
VCT Chief Executive Officer Gil Morgan noted that equipping the 240 Delta aircraft represents a significant milestone for the manufacturer.
“We are proud to provide a practical technology that helps airlines improve fuel efficiency, reduce carbon emissions and enhance operating economics,” Morgan said.
Regulatory approval and industry adoption
The VCT finlet system operates under a Federal Aviation Administration (FAA) Supplemental Type Certificate (STC). The technology has steadily gained traction among Boeing 737 Next Generation (737NG) operators seeking incremental efficiency improvements. On September 26, 2025, the European Union Aviation Safety Agency (EASA) validated the FAA STC, clearing the devices for installation on European-registered aircraft.
Other operators have also adopted the modification. On July 29, 2025, Avelo Airlines announced a follow-on order for additional VCT finlets. The carrier reported proven fuel savings and emissions reductions after 18 months of in-service performance across its own Boeing 737NG fleet.
AirPro News analysis
We view Delta’s adoption of aft-fuselage finlets as a pragmatic approach to extending the economic viability of its Boeing 737NG fleet. While winglets have long been the industry standard for drag reduction, aft-body modifications represent an incremental but valuable efficiency gain for mature airframes. As airlines manage delayed deliveries of next-generation narrowbody aircraft, retrofitting existing fleets with drag-reducing technology offers an immediate reduction in fuel burn and emissions without requiring significant downtime or capital expenditure.
Sources: Delta News Hub
Photo Credit: Delta Air Lines
Sustainable Aviation
ATR Calls for EU Action on Regional Aviation Decarbonisation
ATR urges the EU to support regional aviation decarbonisation through SAF, retrofits, and next-gen propulsion funding.

Regional aircraft manufacturer ATR is urging the European Union (EU) to implement a coordinated financial and regulatory framework to support the decarbonisation of regional aviation, warning that the bloc risks losing its industrial sovereignty in the aeronautics sector.
In a public statement issued on June 16, 2026, the manufacturer detailed its strategic priorities following a June 9 gathering at the European Parliament. The event brought together industry stakeholders and policymakers under the patronage of Members of the European Parliament (MEP) Claire Fita and François Kalfon.
Strategic priorities for European regional aviation
ATR is positioning the regional aviation sector as the essential testing ground for low-carbon technologies. The company argues that regional Commercial-Aircraft, due to their size and mission profiles, offer the first commercially viable scale for validating emerging propulsion systems and retrofit technologies under real-world airline operating conditions.
To accelerate this transition, ATR is lobbying for pragmatic financial support directed toward SAF deployment, retrofit programs, and the development of next-generation propulsion. The manufacturer stressed that without coordinated regulatory and financial backing, Europe’s aerospace industry could cede its leadership position to international competitors.
Balancing decarbonisation with connectivity
The European aviation sector is currently navigating a complex transition driven by stringent environmental regulations and the high capital costs associated with fleet renewal and alternative fuels. ATR highlighted a growing concern among regional operators that the aggressive push for low-emission aviation could disproportionately impact connectivity in remote and underserved areas if not supported by adequate funding mechanisms.
The manufacturer identified SAF as the most effective short-to-medium-term lever for reducing carbon dioxide emissions. However, ATR noted that widespread adoption requires coordinated regulatory backing to ensure adequate supply and to manage the associated costs for smaller regional operators.
AirPro News analysis
We view ATR’s lobbying efforts at the European Parliament as a strategic move to ensure regional aviation is not overlooked in the EU’s broader environmental funding allocations. As mandates like the ReFuelEU Aviation initiative take effect, regional Airlines face disproportionate financial burdens compared to major network carriers due to their tighter margins and smaller economies of scale.
By framing the turboprop segment as the necessary incubator for future technologies, ATR is attempting to secure direct EU investment for its operators and its own research and development pipeline. The emphasis on industrial sovereignty also aligns closely with current European political priorities, reminding policymakers that supporting domestic Manufacturers is critical to maintaining a competitive edge against emerging aerospace programs globally.
Sources: ATR
Photo Credit: ATR
Technology & Innovation
AIAA Calls for Stable Tax Policy to Protect Aerospace R&D
AIAA urges Congress to stabilize tax policy for aerospace R&D after OBBBA restored domestic expensing in July 2025.

This article summarizes reporting by Aerospace America.
The American Institute of Aeronautics and Astronautics (AIAA) has called on the U.S. Congress to establish long-term tax policy stability to protect private-sector aerospace innovation, warning that frequent legislative shifts threaten capital-intensive defense and technology development.
In an analysis published on June 15, 2026, by the institute’s publication, Aerospace America, the AIAA highlighted the critical role of Internal Research and Development (IR&D). The organization noted that while the July 2025 passage of the One Big Beautiful Bill Act (OBBBA) resolved immediate concerns by restoring full expensing for domestic research, the broader pattern of unpredictable tax treatment discourages the long-duration investments required for advanced aerospace capabilities.
The role of independent research in aerospace
Aerospace America emphasized that IR&D occupies a unique position in the defense and aerospace sectors, operating outside standard market forces and direct government control. The publication described this independent research as a commitment by private companies to advance technology using their own resources, frequently preceding official government contracts or requirements.
Amid rising geopolitical competition and the high costs of advanced capability development, the U.S. relies heavily on private companies to assume independent research risks, according to the institute’s analysis.
Legislative fixes and remaining uncertainty
The aerospace industry faced a structural disincentive for innovation beginning after December 31, 2021, when the 2017 Tax Cuts and Jobs Act (TCJA) required companies to amortize domestic research and development expenses over five years.
Congress reversed this requirement on July 4, 2025, with the enactment of the OBBBA. The legislation introduced Section 174A to the Internal Revenue Code, permanently restoring immediate expensing for domestic research costs for tax years beginning after December 31, 2024. The Internal Revenue Service (IRS) subsequently released procedural guidance (Rev. Proc. 2025-28) on August 28, 2025, allowing businesses to accelerate deductions for costs previously capitalized under the TCJA rules.
Despite the legislative fix, foreign research and experimental expenditures must still be amortized over a 15-year period. Aerospace America cautioned that the overarching issue remains the volatility of the tax code. The publication noted that frequent policy shifts generate uncertainty, which can deter the sustained financial commitments necessary for complex aerospace programs.
AirPro News analysis
The AIAA’s focus on tax predictability underscores a fundamental tension in aerospace manufacturing: the mismatch between political cycles and aircraft development timelines. A clean-sheet aircraft or next-generation defense system requires a decade or more of sustained capital investment before generating revenue. When tax incentives for research and development fluctuate on two- or four-year legislative cycles, original equipment manufacturers (OEMs) and their supply-chain struggle to forecast long-term capital allocation. We view the permanent restoration of domestic expensing under Section 174A as a necessary baseline, but the AIAA is correct that true innovation requires a tax environment as stable as the engineering programs it aims to support.
Sources: Aerospace America
Photo Credit: AIAA
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