Embraer’s electric taxi firm Eve and regional aircraft lessor Folk have signed a Letter of Intent (LoI) for a potential order of 200 electric vertical take-off and landing vehicles (eVTOL). 

The LoI between the two companies also includes a commercial partnership to develop a global network of eVTOL operators in support of Urban Air Mobility missions. 

“We firmly believe in the prospects of the eVTOL market and that Eve, with the support of Embraer’s experience in the manufacturing, certification and support of aircraft, will be a market leader,” said Jeremy Barnes, CEO of Falko. 

Embraer’s eVTOL will be 100% electric and have space for one pilot, four passengers, and their luggage. 

Earlier in 2021, Lessor Azorra and carrier Republic Airways signed a LoI to order up to 200 eVTOL aircraft each, while Skywest signed a Memorandum of Understanding and a LoI for 100 aircraft.     

READ MORE:
 
Embraer’s urban air mobility unit Eve will list on the New York Stock Exchange in a deal valuing it at $2.9 billion