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LOI-based announcements can lift sentiment and create near-term demand for EVEX, especially if followed by binding terms or pilots; otherwise reaction may fade.
What happened, with direct paths to the underlying reporting
EVEX and Moov signed a non-binding LOI to evaluate up to 30 eVTOLs for Cabo Verde and Europe, targeting tourism and regional mobility. The arrangement hinges on later binding terms, regulatory clearance, and infrastructure readiness, but Cabo Verde's growing tourism backdrop provides a favorable context for potential AAM deployment.
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