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Eve Air Mobility Signs eVTOL Leasing LOI at Farnborough 2026

Eve Air Mobility and Shearwater Global Capital signed an LOI for up to 16 eVTOL aircraft at Farnborough Airshow 2026.

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Eve Air Mobility and Shearwater Global Capital signed a Letter of Intent (LOI) for up to 16 electric vertical takeoff and landing (eVTOL) aircraft on July 19, 2026, at the Farnborough International Airshow. The agreement introduces a dedicated leasing model to the advanced air mobility (AAM) sector, allowing future operators to launch electric air taxi services without the capital burden of outright aircraft purchases.

Announced via a company press release, the deal marks a significant step for institutional aviation finance entering the AAM market. Shearwater Global Capital, which joined Bay Point in April 2026 to establish an aviation finance vertical, intends to purchase the Eve 100 aircraft and lease them downstream to carriers.

Leasing model lowers barriers for operators

By acting as a lessor, Shearwater aims to provide financing solutions that reduce the upfront capital requirements for airlines and operators looking to integrate eVTOLs into their fleets. This approach mirrors traditional commercial aviation finance, where leasing companies hold significant portions of the global fleet to distribute financial risk and enable operator growth.

“This order reflects our confidence in Eve’s technology, leadership team, and vision for advanced air mobility,” said Chris Miller, Managing Director of Aviation at Shearwater Global Capital. He noted that the firm intends to play a leading role in supporting the global growth of the sector through these leasing structures.

Eve Air Mobility expands Farnborough footprint

The agreement with Shearwater is a non-binding LOI, and specific delivery dates and financial terms have not been disclosed by the companies. The announcement coincided with a separate LOI signed on July 19, 2026, between Eve Air Mobility and Moov Airways for up to 30 eVTOL aircraft intended for tourism and regional mobility in Cabo Verde.

Johann Bordais, CEO of Eve Air Mobility, welcomed the partnership, stating that the company looks forward to supporting Shearwater as it brings leasing solutions to the market. The commercial momentum at Farnborough was accompanied by regulatory progress, as Brazil’s National Civil Aviation Agency (ANAC) published proposed noise certification criteria for the Eve 100 on the same day.

AirPro News analysis

We view the entry of established aviation finance entities like Shearwater Global Capital into the eVTOL space as a critical maturation point for the AAM industry. While manufacturers have accumulated thousands of conditional orders, the transition from non-binding LOIs to firm, funded contracts requires robust financing mechanisms. The lessor model will likely be essential for AAM adoption, as many early operators will lack the balance sheet strength to acquire fleets of Eve 100 aircraft outright. The concurrent progress on ANAC noise certification criteria provides a necessary regulatory foundation to support these future financial commitments.

Sources: Eve Air Mobility / Embraer

Photo Credit: Embraer

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Technology & Innovation

Archer Midnight eVTOL Completes Salinas-Hollister Roundtrip

Archer Aviation’s Midnight eVTOL flew 40+ miles between two California cities in 12 minutes per leg at 125 mph.

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Archer Aviation Inc. (ACHR) completed a piloted roundtrip flight of its Midnight electric vertical takeoff and landing (eVTOL) aircraft between two California cities on September 4, 2026, marking the inaugural leg of its nationwide flight test campaign.

Announced in a company press release on September 8, 2026, the flight connected Salinas Municipal Airport and Hollister Municipal Airport. The operation serves as the first stop on Archer’s “No Roads” tour, a program designed to demonstrate the aircraft’s viability on real-world, city-to-city routes ahead of planned commercial operations.

Operational milestones in California

During the September 4 flight, the Midnight aircraft covered a total distance of over 40 miles. The eVTOL completed each leg of the roundtrip in 12 minutes, a route that typically requires 40 minutes or more by car. Flight telemetry released by the company indicates the aircraft reached a top speed of 125 mph and maintained a cruising altitude of 3,550 feet.

This city-to-city operation follows a high-tempo testing period for the Manufacturers. In August 2026, Archer completed more than 70 test flights. That testing block included a separate piloted roundtrip flight between Salinas Municipal Airport and Monterey Regional Airport.

Preparing for the LA28 Olympics and federal integration

The “No Roads” tour is scheduled to expand across multiple states. According to a September 3, 2026, announcement, future flight locations will include San Martin, San Jose, Oakland, San Francisco, and the Los Angeles area in California, followed by planned operations in Texas and Florida.

The tour is structured to advance the company’s operational readiness for two major upcoming initiatives. The first is the White House’s eVTOL Integration Pilot Program (eIPP), which aims to coordinate federal efforts for advanced air mobility. The second is Archer’s designated role as the Official Air Taxi Provider for the LA28 Olympic Games.

The cross-country flights also coincide with the rollout of charging infrastructure across multiple states under the America’s Consortium for Electric Skyways (ACES) program.

“On Friday, Midnight flew between two California communities in a fraction of the time the trip would take by car. That’s the point of the ‘No Roads’ tour: bring Midnight to cities across America, fly real routes, and build the operational muscle for eIPP operations and LA28 alongside the FAA. Every route we fly makes the next one easier. By the time the world comes to LA for the Games, people will be ready for it.”

The statement was provided by Adam Goldstein, Founder and Chief Executive Officer of Archer Aviation.

AirPro News analysis

We note that Archer’s transition from localized hover and transition testing to actual point-to-point cross-country flights represents a necessary maturation phase for eVTOL developers. By flying between established municipal Airports, the company is testing not just the airframe, but the airspace integration and operational logistics required for the eIPP and eventual Federal Aviation Administration (FAA) Certification. Sustaining a high flight cadence, as seen with the 70 flights in August 2026, will be critical for generating the reliability data the FAA requires for type certification.

Sources: Archer Aviation Inc.

Photo Credit: Archer Aviation

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Sustainable Aviation

Cathay Pacific and Google Expand AI Contrail Avoidance Program

Cathay Pacific and Google scale AI contrail avoidance to long-haul routes after trials cut warming impact by 40 percent.

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Cathay Pacific Airways (CX) and Google announced an expanded partnerships on September 7, 2026, to scale artificial intelligence-driven contrail avoidance technology across the airline’s ultra-long-haul network. Following initial trials that reduced the climate impact of condensation trails by approximately 40 percent, the initiative will now cover transpacific, polar, and Asia-Pacific routes.

In a press release issued by the Hong Kong-based carrier, Cathay Pacific detailed how the system integrates Google’s AI predictions, satellite imagery, and weather data directly into the pilots’ Electronic Flight Folder. Developed in collaboration with the non-governmental organization Contrails.org, the technology allows flight crews to make minor altitude adjustments to avoid atmospheric zones prone to contrail formation. Contrails are responsible for roughly 35 percent of the aviation industry’s total global warming impact.

Scaling AI for climate mitigation

The decision to expand the program follows a testing phase initiated in late 2025. During that period, Cathay Pacific conducted over 80 flights utilizing the predictive technology. The results demonstrated a 40 percent reduction in the warming effect of contrails on those specific routes, proving the operational viability of the software on long-duration flights.

Lawrence Fong, Director of Digital and IT at Cathay Pacific, stated that the collaboration highlights how data and innovation can address real-world challenges at scale. Fong noted that the aviation sector requires immediate climate solutions and that artificial intelligence is accelerating that progress.

Operational integration and cost efficiency

Implementing contrail avoidance requires minimal changes to existing flight operations. Pilots receive contrail forecasts alongside standard operational data, enabling them to request altitude changes from air traffic control when approaching high-risk zones. While flights that alter their trajectory to avoid contrails consume approximately 2 percent more fuel, the fleet-wide fuel burn increase is estimated at just 0.3 percent because only a small fraction of flights require adjustment.

This efficiency makes contrail mitigation highly cost-effective. Google estimates the cost of implementation at $5 to $25 per ton of carbon dioxide equivalent (CO2e). Kemal Armada, Product Manager for Climate and AI at Google, described the technology as an extremely low-cost and effective climate lever that is immediately available for existing aircraft fleets regardless of the fuel type currently in use.

Broader industry adoption

The Cathay Pacific expansion is part of a broader push by Google to deploy its contrail prediction models across the global aviation sector. Prior to the Cathay Pacific trials, Google partnered with American Airlines (AA) for a 70-flight test program that achieved a 54 percent reduction in contrail formation.

On August 18, 2026, Google also launched “Operation Blue Skies,” a 30-month trial backed by the United Kingdom government. That initiative aims to test contrail avoidance at the scale of an entire oceanic airspace, focusing on the Shanwick Oceanic Control Area in the North Atlantic corridor.

AirPro News analysis

We view the expansion of the Cathay Pacific and Google partnership as a critical validation of software-based climate interventions in commercial aviation. While the industry heavily promotes Sustainable Aviation Fuel (SAF) and next-generation propulsion systems, those technologies face severe supply constraints and decades-long development timelines. Contrail avoidance utilizes existing aircraft and current air traffic management frameworks. If the 0.3 percent fleet-wide fuel penalty holds true at scale, airlines can achieve a disproportionately large reduction in their overall climate impact for a fraction of the cost of SAF procurement. The primary hurdle moving forward will likely be air traffic control capacity, as widespread altitude adjustments in congested airspace could introduce operational complexities that isolated trials have not yet fully tested.

Sources: Cathay Pacific

Photo Credit: Cathay Pacific

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Technology & Innovation

Archer Aviation Launches No Roads eVTOL Tour Ahead of LA28

Archer Aviation begins its No Roads flight tour in Northern California, expanding to LA, Texas, and Florida ahead of the 2028 Olympics.

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Archer Aviation Inc. announced the launch of its “No Roads” flight tour on September 3, 2026, initiating a multi-state demonstration of its Midnight electric vertical takeoff and landing (eVTOL) aircraft. The tour aims to introduce the public to electric air taxi operations ahead of the 2028 Los Angeles Olympic Games and fulfills the company’s role in a federal integration initiative.

In a press release issued on September 3, 2026, the manufacturer detailed plans to conduct city-to-city flights starting in Northern California, closely coordinated with the Federal Aviation Administration (FAA). The campaign follows a highly active testing period in August 2026, during which Archer completed more than 70 test flights, including a piloted roundtrip journey between Salinas Municipal Airport (SNS) and Monterey Regional Airport (MRY).

Expanding the flight test footprint

The initial phase of the tour will focus on the San Francisco Bay Area and surrounding regions. Planned flight locations include Monterey, Hollister, San Martin, San Jose, Oakland, and San Francisco. Following the Northern California demonstrations, Archer intends to expand the tour to the Los Angeles basin, Texas, and Florida.

The flights are designed to showcase the operational capabilities of the piloted, four-passenger Midnight aircraft. Archer stated the tour will highlight the aircraft’s low noise profile, zero operating emissions, and ability to complete routes in 10 to 20 minutes that typically require an hour or more by car.

“I’ve talked a lot about the ‘Waymo Moment for air taxis,’ the chance for us to get communities more comfortable with this tech,” said Adam Goldstein, Founder and CEO of Archer. “This is the beginning of that story and our biggest step yet toward making air taxis an everyday reality in cities across America. The ‘No Roads’ Tour is how we bring that narrative to life while also preparing for what’s next: flights in multiple states under the White House’s pilot program, and the first Midnight flights in Los Angeles ahead of LA28.”

Federal integration and infrastructure development

The multi-state tour aligns with Archer’s participation in the White House’s eVTOL Integration Pilot Program (eIPP). In March 2026, the United States Department of Transportation (DOT) and the FAA selected Archer’s partners in New York, Florida, and Texas to join the initiative. The eIPP is designed to establish an operational playbook for the safe and scalable deployment of electric air taxis within the national airspace system.

Alongside the flight demonstrations, Archer plans to unveil new charging infrastructure across multiple states. This rollout is part of the America’s Consortium for Electric Skyways (ACES) program, a collaborative effort involving Archer, BETA Technologies, and Macquarie Capital.

The Los Angeles segment of the tour will serve as direct preparation for the 2028 Olympic Games. Archer is designated as the Official Air Taxi Provider for the LA28 Games, where it plans to operate a commercial network transporting attendees across the congested Southern California region.

AirPro News analysis

We view the “No Roads” tour as a critical transition phase for Archer Aviation, shifting the focus from pure technical certification to public acceptance and operational integration. While completing 70 test flights in a single month demonstrates growing maturity in the Midnight platform, flying visible, city-to-city routes in congested airspace like the San Francisco Bay Area and Los Angeles basin presents a different set of challenges.

Coordinating these flights with the FAA will likely serve as a real-world stress test for air traffic control integration. The concurrent rollout of ACES charging infrastructure indicates that Archer and its partners recognize that aircraft certification alone is insufficient without the ground network required to sustain high-frequency commercial operations by 2028.

Sources: Archer Aviation Inc.

Photo Credit: Archer Aviation

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