Eve, Blade to expand 'flying car' partnership to Europe

[June 19, 2023]  By Gabriel Araujo
 
SAO PAULO (Reuters) - 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 logo for Eve Air Mobility is displayed on a screen during the company's debut on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 10, 2022. REUTERS/Brendan McDermid/File Photo

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.

(Reporting by Gabriel Araujo; Editing by Steven Grattan and Jamie Freed)

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