Advertisement
Canada markets open in 5 hours 42 minutes
  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • DOW

    38,085.80
    -375.12 (-0.98%)
     
  • CAD/USD

    0.7327
    +0.0004 (+0.05%)
     
  • CRUDE OIL

    84.05
    +0.48 (+0.57%)
     
  • Bitcoin CAD

    87,809.15
    +588.79 (+0.68%)
     
  • CMC Crypto 200

    1,391.11
    -5.42 (-0.39%)
     
  • GOLD FUTURES

    2,356.20
    +13.70 (+0.58%)
     
  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     
  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     
  • NASDAQ futures

    17,759.50
    +192.00 (+1.09%)
     
  • VOLATILITY

    15.53
    +0.16 (+1.04%)
     
  • FTSE

    8,124.75
    +45.89 (+0.57%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • CAD/EUR

    0.6828
    +0.0007 (+0.10%)
     

Embraer's Eve gets orders for 90 electric aircraft from Australian firms

FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company's headquarters in Sao Jose dos Campos

SAO PAULO (Reuters) - Embraer SA's electric aircraft subsidiary Eve has received orders from Australian charter firms Aviair, HeliSpirit and Microflite for up to 90 electric vertical take-off and landing aircraft (eVTOLs), the Brazilian planemaker announced on Wednesday.

Embraer said in a statement that Eve's new partnership with Western Australia's Aviair and HeliSpirit, both owned by HM Consolidated Group, contemplates an order of up to 50 eVTOLs with flights scheduled to start in 2026.

Helicopter operator Microflite ordered up to 40 electric aircraft that are also expected to start operating in 2026, Embraer said in a separate statement, adding that Microflite and Eve plan to begin their partnership using helicopters "as a proof of concept to validate parameters that will apply to future eVTOL operations."

Eve, which already has an order pipeline of more than $5 billion for its electric aircraft, is expected to start trading on the New York Stock Exchange in the second quarter of 2022.

The announcements were made during the Singapore Airshow.

(Reporting by Gabriel Araujo; Editing by Michael Urquhart)