By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > Markets > Stocks > Eve, Blade to expand ‘flying car’ partnership to Europe
Stocks

Eve, Blade to expand ‘flying car’ partnership to Europe

News Room
Last updated: 2023/06/20 at 7:25 PM
By News Room
Share
3 Min Read
SHARE

© Reuters. The logo for Eve Air Mobility is displayed on a screen during the company’s debut on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 10, 2022. REUTERS/Brendan McDermid/File Photo

By Gabriel Araujo

SAO PAULO (Reuters) – Electric aircraft maker Eve and Blade Air Mobility are expanding their partnership to integrate Eve’s upcoming flying car into Blade’s European route network, starting with France, the companies said on Monday.

The deal follows similar agreements between the firms, which are currently participating in the Paris Airshow, to use Eve’s electric vertical take-off and landing vehicles (eVTOLs) in India and the United States.

Eve is controlled by Brazilian planemaker Embraer and expects to start commercial operations of its vehicle in 2026.

Eve and Blade said in a statement that under their new memorandum of understanding, Blade would focus on developing practical applications for air mobility, including identifying future routes in France and other European countries.

They did not say if the deal would involve new eVTOL purchases by Blade, whose current European operations include flying conventional helicopters between Nice and Monaco.

Eve and Blade last year agreed to deploy up to 200 electric aircraft in India, after also signing a letter of intent for operations in the U.S., where Eve expects to provide up to 60 vehicles per year.

“Extending our partnership with Eve underscores Blade’s commitment to leading the transition from conventional to electric vertical aircraft,” Blade Chief Executive Officer Rob Wiesenthal said.

Eve holds a backlog of nearly 2,800 orders before starting production, with development backed by investors such as United Airlines and Rolls-Royce (OTC:).

The firm recently announced the first equipment suppliers for its eVTOLs and expects to start building its first full-scale prototype in the second half. Additional testing is planned for 2024.

Eve CEO Andre Stein said he expected the extended partnership with Blade to allow the companies to combine expertise and resources to make travel more accessible and drive environmental improvements.

Blade last year acquired the charter and scheduled flight operations of European firms Monacair, Heli Securite and Azur Helicoptere, which it said would be “crucial” for ongoing technical and commercial discussions with Eve.

Read the full article here

News Room June 20, 2023 June 20, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
We Went To Intel’s Arizona Chip Fab To See If It Can Regain Its Edge

Watch full video on YouTube

Investors await Nvidia earnings this week, bitcoin erases 2025 gains

Watch full video on YouTube

VGT: An Efficient ETF To Capture The Growth Of AI

This article was written byFollowFinancial analyst by day and a seasoned investor…

Waymo Leads The 2025 Robotaxi Surge As Zoox Expands And Tesla Races To Catch Up

Watch full video on YouTube

Michael Saylor’s Strategy buys $835M in bitcoin, Nvidia earnings expectations, AI bubble concerns

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

Stocks

CPS reports solid 2023 performance, eyes future growth By Investing.com

By News Room
Stocks

Niu Technologies faces mixed results in Q4 2023 By Investing.com

By News Room
Stocks

Exagen Inc. reports strong 2023 revenue growth By Investing.com

By News Room
Stocks

Legacy Housing reports mixed results amid sales decline By Investing.com

By News Room
Stocks

Harmony Biosciences exec sells over $383k in stock By Investing.com

By News Room
Stocks

Biofrontera posts record revenue and outlines growth plans By Investing.com

By News Room
Stocks

Granite Ridge CFO buys $31,000 in company stock By Investing.com

By News Room
Stocks

Coliseum Capital Management buys MasterCraft Boat shares worth over $3.2m By Investing.com

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?