Eve Holding (NYSE: EVEX) has signed a Letter of Intent with FlyBIS Aviation Limited, an advanced air mobility start-up based in Brazil, to collaborate on the development of eVTOL operations throughout South America. FlyBIS says that it plans to purchase up to 40 eVTOL aircrafts from Eve Holding.

After commencing operations in Brazil, FlyBIS says that it plans to expand into neighboring countries and contribute to the implementation and development of Eve's air mobility ecosystem.

Andre Stein, Co-CEO of Eve stated: "This new collaboration with FlyBIS will enable us to expand the future of air mobility to Southern areas of Brazil and other South American countries. This region has several high-traffic tourist areas that will benefit from eVTOL operations, reinforcing our commitment to fostering the urban air mobility market in different regions around the world." 

Gustavo Zanettini FlyBIS Co-Founder and CEO added: "We have a strong team in FlyBIS working together with Eve's outstanding workforce and second-to-none resources to develop and implement this project in the most financially efficient and sustainable way."

Founded in 2020, Eve Holding is dedicated to accelerating the Urban Air Mobility ecosystem.

Shares of Eve Holding trade on the NYSE under the ticker symbol EVEX.