Eve Air Mobility and advanced air mobility startup FlyBIS Aviation Limited have signed a binding agreement for up to 12 electric vertical takeoff and landing (eVTOL) aircraft, made up of two firm orders and purchase rights for ten more. The deal builds on a 2022 letter of intent that covered up to 40 aircraft, and is aimed at routes in Southern Brazil.

The companies announced the agreement in a press release dated November 4, 2026, from Melbourne, Florida, published on the Embraer media center. According to the release, FlyBIS plans to deploy Eve’s eVTOL in Southern Brazil, initially linking destinations in the states of Santa Catarina and Rio Grande do Sul. The release does not disclose the value of the order or a delivery schedule.

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The routes FlyBIS has in mind

The release names potential routes on the Santa Catarina coast, including Navegantes, Balneário Camboriú and Florianópolis, as well as tourism destinations in the mountain region of Rio Grande do Sul, including Gramado and Bento Gonçalves.

“This binding agreement is an important step in our relationship with FlyBIS,” said Johann Bordais, Chief Executive Officer of Eve. Bordais said Southern Brazil has high demand for urban air mobility connections because of its tourism and business activity.

“Signing this binding agreement represents a significant milestone for FlyBIS,” said Gustavo Zanettini, co-founder and Chief Executive Officer of FlyBIS. He cited Eve’s combination of aircraft, services and operational support as a strong foundation.

The two companies will keep working on the requirements for entry into service, including network planning, operational readiness, infrastructure and the integration of eVTOL services into the wider transportation system, according to the release. FlyBIS is also launching a strategic fundraising round to fund fleet acquisition, strategic partnerships and network expansion, the release says.

From a 40-aircraft letter of intent to two firm orders

Eve and FlyBIS first announced their partnership on December 8, 2022. In that release, Eve said it had signed a letter of intent with FlyBIS, which it described as an advanced air mobility startup based in Caxias do Sul, in southern Brazil, covering eVTOL operations in Brazil and South America and the purchase of up to 40 Eve eVTOL vehicles. FlyBIS was backed by Brave Aviation, whose fleet includes the Embraer Phenom 100, and said at the time that it aimed to deliver advanced air mobility (AAM) services to Brazil’s southern states as early as 2026.

The binding agreement covers up to 12 aircraft, against up to 40 in the 2022 letter of intent, and the November release does not say whether the rest of the earlier letter of intent remains in place. In the 2022 announcement, Eve said the FlyBIS aircraft were included in an order backlog of up to 2,770 eVTOLs. At the Farnborough International Airshow in July 2026, Eve gave its pre-order book as approximately 2,700 eVTOLs and listed two binding agreements with pre-delivery payments: up to 50 aircraft for Revo in Brazil and up to 50 aircraft for AirX in Japan, with AirX’s initial deployment in sightseeing and last-mile mobility beginning in 2029. The November release does not say whether the FlyBIS order includes pre-delivery payments.

Eve’s November release calls Brazil one of its most important markets, with two operators already committed and several others interested. AirPro News reported on Eve’s other 2026 commitments, including the Shearwater leasing letter of intent signed at Farnborough.

Where Eve’s flight test program stands

According to the November 4 release, Eve’s full-scale engineering prototype has completed more than 70 flights, including hover and low-speed phases. Transition-flight testing is progressing, including in-flight activation of the rear pusher propulsion system, as the aircraft moves toward wing-borne flight. AirPro News covered the first in-flight activation of the pusher propeller in August.

In its July 2026 release, Eve said the engineering prototype first flew in December 2025, that partial transition flights were planned for the summer with full transitions later in the year, and that production of six conforming prototypes would begin later in 2026.

On the regulatory side, the November release says that in September 2026, Brazil’s Ministry of Ports and Airports convened aviation authorities, government representatives and Eve to discuss certification, vertiport infrastructure, energy supply, operational safety, telecommunications and airspace integration. Eve, which says it is backed by Embraer’s 57-year aerospace history, is listed on the New York Stock Exchange (EVEX) and the São Paulo Stock Exchange (EVEB31).

The Boeing Company and aircraft lessor Icelease have finalized an agreement for up to three Boeing 767-300 Boeing Converted Freighter (BCF) aircraft, marking the leasing firm’s expansion into the medium widebody cargo market.

Announced in a press release on November 2, 2026, the transaction includes one firm order and options for two additional conversions. The aircraft will join the managed cargo portfolio of IAT Leasing, a Dublin-based sister company to Icelease.

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Conversion timeline and operational details

The formal signing ceremony for the agreement took place on October 22, 2026, during the Cargo Facts Symposium. The physical conversion work will be executed at ST Engineering’s airframe maintenance, repair, and overhaul (MRO) facilities located in Singapore.

Induction of the first Boeing 767-300 aircraft for conversion is scheduled for the first quarter of 2027. Delivery of the completed Boeing 767-300BCF to Icelease and IAT Leasing is expected to follow in the second quarter of 2027. The Boeing Converted Freighter programs are managed by The Boeing Company’s Global Services division.

Lindsey Douglas, Vice President of Cabin, Modifications, Maintenance and Digital Services at The Boeing Company, stated that the agreement underlines the continued collaboration between the two companies to meet global cargo demand.

Sigthor Einarsson, Managing Partner at Icelease, noted the strategic importance of the deal for the lessor’s broader fleet strategy.

“This agreement with Boeing to convert up to three Boeing 767 aircraft marks an important milestone for both Icelease and its Dublin-based sister company IAT Leasing,” Einarsson said.

Icelease and IAT Leasing’s growing cargo portfolio

The Boeing 767-300BCF order builds upon an established relationship between the manufacturer and the lessor. Icelease, an aircraft leasing company with a 21-year history, specializes in aircraft acquisitions, leasing, operations, finance, and investor relations. The firm was originally formed as a spinoff from Icelandair in 2005.

On November 14, 2021, Icelease placed an order for 11 Boeing 737-800 Boeing Converted Freighter (737-800BCF) aircraft during the Dubai Airshow. That order established Icelease as the launch customer for a new conversion line at Boeing’s London Gatwick MRO facility.

The newly ordered widebody freighters will be managed by IAT Leasing. Incorporated in late 2023, IAT Leasing is owned by four equity partners. The Dublin-based entity has rapidly built a portfolio of approximately 40 narrowbody and widebody passenger and Cargo aircraft, which are leased to operators globally. The company’s current managed cargo portfolio already includes seven Boeing 737-800BCF aircraft.

“The history between Icelease and Boeing dates over 20 years and includes a multitude of new aircraft deliveries as well as cargo conversions,” Einarsson said. “The Boeing 767-300BCF will join the growing managed cargo aircraft portfolio of IAT Leasing, which already includes seven Boeing 737-800BCF and other freighters leased to various customers.”

Widebody freighter market outlook

The Boeing 767-300BCF is positioned to serve regional and long-haul cargo networks as a highly efficient medium widebody converted freighter. The aircraft offers a payload capacity of 57 tonnes and a maximum range of 3,300 nautical miles.

The Icelease order aligns with broader industry forecasts regarding long-term air cargo growth. On October 28, 2026, The Boeing Company released projections indicating that the global freighter fleet will exceed 4,000 airplanes by 2045. The manufacturer anticipates that air cargo traffic will double over the same period, providing a sustained demand environment for passenger-to-freighter conversion programs across both narrowbody and widebody platforms.

AirPro News analysis

We view Icelease’s transition from narrowbody to medium widebody conversions as a natural progression for lessors seeking to capture higher-yield cargo segments. While the Boeing 737-800BCF serves domestic and regional express networks effectively, the Boeing 767-300BCF provides the volume and range necessary for intercontinental e-commerce flows. By securing conversion slots at ST Engineering for 2027, Icelease and IAT Leasing are positioning their portfolio to absorb capacity demands as older widebody freighters face retirement toward the end of the decade. The decision to allocate these assets to the recently formed IAT Leasing also highlights the robust investor appetite for dedicated freighter leasing vehicles.

AerCap Holdings N.V. has finalized lease agreements with Turkish Airlines for two Boeing 777-300ERSF converted freighters, with deliveries scheduled between March and September 2027.

Announced on October 29, 2026, the transaction expands the Turkish flag carrier’s dedicated cargo capacity while utilizing Etihad Engineering’s maintenance, repair, and overhaul (MRO) facility in Abu Dhabi for the passenger-to-freighter (P2F) modifications. In a press release detailing the agreement, the Dublin-based aviation lessor emphasized the strategic alignment between the aircraft’s capabilities and the airline’s expanding freight network.

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Expanding Turkish Airlines’ cargo operations

The agreement builds on an existing relationship between AerCap and Turkish Airlines, which operates a large international network requiring substantial dedicated cargo lift. The addition of the two widebody freighters is intended to support the carrier’s volume requirements on high-demand international routes.

Peter Anderson, Chief Commercial Officer at AerCap, stated that the aircraft will provide the airline with additional cargo capacity combined with the performance capabilities specific to the 777-300ERSF platform. Financial terms of the lease agreements, including the exact lease duration and the specific aircraft serial numbers, were not disclosed in the announcement.

The Big Twin conversion program

The Boeing 777-300ERSF, marketed as “The Big Twin,” is a P2F conversion program developed through a joint venture between AerCap and Israel Aerospace Industries (IAI). It represents the first program designed to convert the Boeing 777-300ER into a dedicated freighter configuration.

According to AerCap’s cargo division, the 777-300ERSF offers 25 percent more cargo volume than the factory-built Boeing 777-200LRF. This increased capacity positions the converted twin-engine aircraft as a cost-effective replacement for aging four-engine Boeing 747 freighters currently operating in the global fleet.

AerCap delivered the first 777-300ERSF to launch customer Kalitta Air in September 2025. Since that initial delivery, the lessor has handed over aircraft to Fly Meta and secured lease agreements with other major operators, including Ethiopian Airlines and China Southern Group.

Regional conversion strategy in Abu Dhabi

The physical conversion of the two aircraft destined for Turkish Airlines will be executed at the Etihad Engineering MRO hub in Abu Dhabi, United Arab Emirates. This facility serves as a dedicated regional conversion center for the 777-300ERSF program.

Anderson highlighted the strategic importance of the location, noting that the Abu Dhabi facility provides a regional platform capability that enables aircraft to be converted in the Middle East prior to delivery. This localized approach is designed to efficiently serve customers across the Europe, Middle East, and Africa (EMEA) market.

“The dedicated 777-300ERSF conversion facility at Etihad Engineering’s MRO hub in Abu Dhabi provides an important regional platform capability, enabling the aircraft to be converted in the Middle East ahead of delivery to Turkish Airlines,” Anderson said.

AerCap’s broader market position

The Turkish Airlines agreement follows a period of strong financial performance for AerCap. On October 28, 2026, the company reported its third-quarter financial results, citing record adjusted earnings per share and raising its full-year 2026 guidance amid high lease rates and sustained demand for aviation assets.

As of September 30, 2026, AerCap’s total portfolio included 1,537 owned and managed aircraft, alongside approximately 1,300 engines and over 300 helicopters. The company’s dedicated cargo division manages a fleet of approximately 110 owned, managed, and on-order freighters, having completed more than 160 passenger-to-freighter conversions to date.

AirPro News analysis

We view the placement of 777-300ERSF aircraft with a major network carrier like Turkish Airlines as a strong validation of the Big Twin program’s economic proposition. As operators look to phase out older Boeing 747 freighters, the 25 percent volume advantage over the 777-200LRF makes the converted 300ER an attractive middle ground between factory-built twin-engine freighters and legacy four-engine platforms. Utilizing the Etihad Engineering facility in Abu Dhabi for a European customer also demonstrates the logistical efficiency of AerCap’s decentralized conversion strategy, reducing ferry times and regional friction for EMEA operators.