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Eve Air Mobility, Aerosolutions, and Bluenest by Globalvia Sign Letter of Intent for up to 50 eVTOLs and TechCare Services

1. Eve signed an LOI for 50 eVTOL aircraft with Aerosolutions and Bluenest. 2. The partnership aims to enhance Costa Rica's sustainable air mobility for tourism. 3. Eve's TechCare services will support operations and maintenance of the eVTOLs. 4. This initiative could significantly reduce local travel times and alleviate congestion. 5. Costa Rica's tourism industry expects strong growth from improved air transportation.

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Why Bullish?

The partnership positions EVEX favorably in a growing eVTOL market, similar to successful ventures by other firms in air mobility that saw significant stock appreciation.

How important is it?

The strategic partnership, combined with Costa Rica’s focus on sustainable tourism, potentially enhances EVEX’s market position and visibility, driving investor interest.

Why Long Term?

This deal sets the groundwork for future expansion in the AAM market, suggesting sustained growth that may improve long-term stock performance.

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, /PRNewswire/ -- Eve Air Mobility ("Eve") (NYSE: EVEX; EVEXW) has signed a Letter of Intent (LOI) with Aerosolutions, which is developing an innovative eVTOL operator called Aeros Electric Airlines, and Bluenest by Globalvia, Globalvia's Advanced Air Mobility infrastructure developer and vertiport operator, for the sale of up to 50 electric vertical take-off and landing (eVTOL) aircraft and access to Eve's comprehensive TechCare services—an all-in-one portfolio of services designed to streamline eVTOL operations, maintenance, and customer support. The agreement marks a significant step toward developing a robust Advanced Air Mobility (AAM) ecosystem in Costa Rica. "Joining forces with Aerosolutions and Bluenest by Globalvia allows us to accelerate the introduction of safe, sustainable, and efficient air mobility in Costa Rica," said Johann Bordais, CEO of Eve Air Mobility. "We're eager to see our eVTOL transform travel in regions like Guanacaste, easing congestion and bolstering the nation's leadership in ecotourism." The collaboration will focus initially on the Pacific region in northwest Costa Rica, connecting airports to premium resorts and eco-destinations via routes ranging from 20 to 50 kilometers. With tourism driving over three million foreign visitors annually, Costa Rica is the most visited nation in Central America. However, its extensive but often congested road network can lead to lengthy travel times. By introducing efficient, low-emission air taxi services, the initiative seeks to transform tourist and local mobility, reduce ground traffic congestion, and reinforce Costa Rica's reputation as a leader in sustainable tourism. "This agreement marks a pivotal step in transforming regional air mobility for partners like Aerosolutions. By integrating our eVTOL aircraft and TechCare services into their operations, they can offer faster, more efficient, and more sustainable travel options, especially in areas where ground routes are congested or limited, " said Megha Bhatia, chief commercial officer at Eve Air Mobility. "This partnership empowers Aerosolutions to dramatically cut travel times, streamline logistics, and enhance the overall passenger experience. It's not just a smarter way to travel, it's a bold leap into the future of connected, regional transportation." Bluenest, AAM business line of Globalvia, will play a key role in developing vertiport infrastructure to -enable safe, sustainable and efficient operations. As the leading operator of Costa Rica's highway (Ruta 27-Autopista del Sol), Globalvia's integrated approach is expected to facilitate seamless intermodal connections between air and ground transport, further enhancing the end-to-end traveler experience. "This partnership with Eve Air Mobility and Bluenest by Globalvia is a significant leap forward for Costa Rica's commitment to sustainable tourism," said Antonio Mota, CEO of Aerosolutions. "Aerosolutions is proud to lead the operational deployment of these eVTOLs, which will reduce travel times and congestion in key tourist regions like Guanacaste and reinforce the nation's reputation as a global leader in eco-friendly innovation." Aerosolutions will have access to Eve's TechCare suite as part of the agreement. The partners will also collaborate through dedicated workshops covering critical areas such as vertiport development, airspace integration, pilot training, and certification requirements and operational planning, laying the groundwork for successful AAM deployment in the region. "Bluenest by Globalvia is committed to building the sustainable infrastructure of tomorrow, and our work in Costa Rica with Eve Air Mobility and Aerosolutions is a prime example to further progress in our collaboration with local entities started in March 2024 where real vertiport and air taxi tests in Guanacaste (Liberia airport and Reserva Conchal) took place. In addition, it reinforces our integration with Eve's UATM software (Vector) for booking Eve eVTOL operations at our vertiport, shown at Airspace World in Lisbon last May. By developing cutting-edge vertiports, we are enabling safe and efficient eVTOL operations, contributing to Costa Rica's green agenda, and laying the groundwork for a truly interconnected and eco-conscious future of travel," said Bluenest managing director, Jose Ignacio Rodriguez. Eve's eVTOL aircraft utilizes a lift+cruise configuration with eight dedicated propellers for vertical flight and fixed wings to fly on cruise, with no moving parts in flight. The aircraft includes an electric pusher powered by dual electric motors that provide propulsion redundancy, ensuring the highest levels of performance and safety. The company is advancing the current stage of the eVTOL development, which involves a series of comprehensive tests with the prototype to evaluate every aspect of the aircraft's operation and performance, from flight capabilities to safety features. About Eve Air Mobility Eve Air Mobility is dedicated to accelerating the Urban Air Mobility (UAM) ecosystem. Benefitting from a start-up mindset, backed by Embraer's 55-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the UAM ecosystem, with an advanced eVTOL project, comprehensive global services and support network and a unique air traffic management solution. Since May 10, 2022, Eve is listed on the New York Stock Exchange where its shares of common stock and public warrants trade under the tickers "EVEX" and "EVEXW". For more information, please visit www.eveairmobility.com. About Bluenest by GlobalviaBluenest is Globalvia's innovation business line for advanced air mobility and vertiport networks management. It aims to be the key player in this new infrastructure for air logistics, passenger transport, automated services with UAS, and other applications offered by eVTOLs. Putting the citizen at the centre, Bluenest by Globalvia designs and operates both vertiports and logistics lockers that will connect the new air routes with ground mobility, ensuring safe, fast and efficient operations for all actors in this new ecosystem. Learn more at www.bluenest.io. Image: Aerosolutions eVTOL Livery Forward-Looking Statement Disclosure  Certain statements contained in this release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the company's plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. These forward-looking statements are based on the company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of the company's most recent Annual Report on Form 10-K, Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of the company's most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the company's other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which the company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements. other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement.  SOURCE Eve Air Mobility WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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