Categories: BusinessEnergy

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

 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.

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.

Source : Reuters

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

Goldman lifts MSCI EM target on AI boost, flags Iran deal relief for forex, bonds

The brokerage raised its benchmark ​index target to 2,000 from 1,850, implying a nearly 12%…

3 days ago

Bahrain raises $1bln in 10-year USD bond; demand exceeds $3bln

Strong demand enabled Bahrain to tighten pricing by 37.5 basis points from IPTs. Bahrain has…

3 days ago

Gold falls on stronger dollar, oil amid renewed Middle East hostilities

Dollar, oil gain on fading hopes of US-Iran peace deal. Gold fell ‌on Wednesday, weighed…

3 days ago

What Three Decades of Advancing Clean Air Taught Us—and Where We Go from Here

In 1990, facing a public health crisis, Mexico City initiated its first multiyear air quality…

3 days ago

Blue finance: Making waves for sustainable oceans and freshwater resources

Water is a key pillar of life and livelihoods — but it is massively underfinanced.…

3 days ago

The early takeoff of space innovation

The conventional account of US space sector transformation credits the post-2005 entry of SpaceX, Blue…

3 days ago