Embraer's Eve vows to spend cautiously, eyes 2028 'flying car' certification

Eve Holding, Inc.

Eve Holding, Inc.

EVEX

0.00

By Gabriel Araujo

SAO JOSE DOS CAMPOS, Brazil, June 12 (Reuters) - Embraer-controlled EMBJ3.SA electric aircraft maker Eve EVEX.N vowed on Friday to spend money in a cautious manner as it eyes a 2028 certification for its electric vertical takeoff and landing (eVTOL) vehicle.

  • Eve believes it has enough cash to support operations until 2028, CEO Johann Bordais told reporters, with a cash position that stood at $441 million in the first quarter.

  • Eve expects 2026 cash consumption to be at the lower part of its $225 million-$275 million guidance, Bordais said.

  • Eve recently pushed back its certification timeline to 2028 from 2027, after slipping previously from ​an initial ⁠2026 target.

  • The head of Brazil's aviation regulator ANAC told Reuters earlier this week the time frame was realistic, as Eve's tests have been successful.


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