Eve Air Mobility and Nordic Aviation Capital Sign Letter of Intent for up to 30 eVTOLs

Eve will work with NAC on eVTOL leasing strategies for global fleet operations

PARIS, JUNE 20, 2023 – Eve Air Mobility (“Eve”) (NYSE: EVEX; EVEXW) has signed a Letter of Intent (LOI) with Nordic Aviation Capital (“NAC”), a global leader in regional aircraft leasing, to promote the electric vertical take-off and landing (eVTOL) aircraft through optimized leasing strategies. The LOI establishes that Eve will have the opportunity to utilize NAC’s global presence and asset management knowledge while NAC will acquire 15 firm plus 15 optional eVTOLs that will be leased to fleet operators, supporting the development and scaling of innovative transportation operations.

As the third leasing company added to Eve’s customer list, NAC plays a key role in the development, expansion and success of the eVTOL and Urban Air Mobility (UAM) industry by providing financing, risk management and industry expertise in additional markets across the world. The partnership also allows Eve and NAC to diversify portfolios, encourage environmental conservation and technological advancement, and expand eVTOL leasing options. With the UAM industry focused on electric aircraft, successful collaboration emphasizes the development of environmentally friendly aviation technologies and propulsion systems for a more sustainable future.

“This partnership with Nordic Aviation Capital offers the world greater convenience and access to the latest and most advanced air travel solutions,” said Andre Stein, co-CEO of Eve. “By leveraging leading technology and providing exceptional customer experiences, fleet operations will enable the growth and development of the urban air mobility network. With the support of NAC, creating strategic partnerships will continue to allow Eve to improve the network and accessibility of urban air mobility.”

Norman C.T. Liu, President & CEO of NAC, said: “We are pleased to have signed this LOI with Eve. This is an important step in our ESG strategy, and we look forward to partnering with Eve to bring these innovative and sustainable solutions to market.”

From design to user experience, reliability and usability, Eve is committed to integrating cutting-edge technology into the UAM industry. Eve takes a comprehensive approach to its eVTOL project, Services and Operations Solutions and Urban Air Traffic Management (Urban ATM) to guarantee air commuters a safe and sustainable transportation alternative. Determined to make UAM a reality over the next two years, Eve is backed by Embraer, with renowned aircraft engineering expertise and a record of successful aircraft construction and certification. Eve is looking toward the future by enhancing its products and services to cultivate the success and innovation of air transportation.

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