Eve Holding, Inc. (“Eve”) (NYSE: EVEX; EVEXW) today announced that it entered into a letter of intent (“LOI”) with Halo Aviation Ltd. (“Halo”), a provider of bespoke private Urban Air Mobility (“UAM”) travel services, to collaborate in the development and launch Eve’s Urban Air Traffic Management (“UATM”) software solution. As part of the agreement, Halo will acquire the software from Eve with the objective of using the software to maximize its UAM operations. It is the first LOI for Eve’s state-of-the-art UATM solution, which will unlock the value and network performance of the UAM market to enable the safe scalability of the industry. The companies also intend to develop an operational model to be deployed in specific missions and regions in the United States and the United Kingdom where Halo operates.
Andrew Collins, President and CEO of Halo, said: “Eve has demonstrated why they are going to lead the next generation of flight, and we are extremely excited about this. Halo is happy to form a unique and collaborative partnership with Eve as they have spent so much time focused on more than just the manufacturing of an eVTOL vehicle but, rather, they are working to deploy a series of agnostic solutions that will significantly drive the creation and overall network performance of UAM. In this particular case, we look forward to collaborating with Eve’s team to bring our current operational insight as a leader in the vertical lift in the US and the UK to help develop and promote Eve’s UATM vision.”
“We believe that collaborations such as ours are vital to fostering a thriving UAM market that will benefit communities and passengers with a new and additional mode of transport. Eve’s agnostic portfolio of solutions addresses the complexity of UAM networks, which require holistic and integrated services across the ecosystem that connect stakeholders to maintain and improve safety, optimise performance, and reduce operating costs. Halo’s outstanding travel services, coupled with our solutions, make this partnership extremely promising,” said Andre Stein, co-CEO of Eve.
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In June of last year, the companies announced the commencement of their partnership focused on developing UAM products and services, as well as Halo’s non-binding commitment to order up to 200 of Eve’s eVTOLs (electric vertical take-off and landing vehicle). Eve’s UATM software is part of an agnostic portfolio of solutions that will enable the integration of all airspace users in the urban environment, which is critical to supporting the safety, efficiency, and improvement of the entire UAM ecosystem, including fleet and vertiport operators. This new collaboration reinforces Eve’s and Halo’s commitment to safely integrating and scaling global UAM operations. Eve expects to start its eVTOL deliveries in 2026.
Source: Eve Air Mobility
Date: Jul 18, 2022
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