Eve Air Mobility Named a Member of Japan’s Advanced Air Mobility Public-Private Committee

Company to help evaluate and make recommendations on AAM regulations and policies.

MELBOURNE, Fla. - April 30, 2024 - Eve Air Mobility ("Eve") (NYSE: EVEX; EVEXW) has been named a member of Japan's Advanced Air Mobility (AAM) Public-Private Committee. The committee is responsible to evaluate and make recommendations to the Japanese Ministry of Economy, Trade & Industry and Ministry of Land, Infrastructure, Transport & Tourism on AAM regulations & policies for Japan.

Established in 2018, the committee is made up of selected members discuss the development of various AAM services such as passenger transportation, scenic flights, and air ambulance services throughout Japan.

"The Japanese government and the private sector have been proactive in working together to develop the Advanced Air Mobility market and clarify the regulatory framework needed to make it a reality. We are honored to become a member of the Japan AAM Public-Private Committee and help advance this work," said Johann Bordais, CEO of Eve Air Mobility. "We look forward to helping understand and define a business model that not only enables eVTOL flights in Japan, but also advances the overall mobility ecosystem."

Prior to Eve being selected, the company presented an overview of how it could support and contribute as a member of the committee. With the most diverse customer base in the industry, Eve would bring its global perspective and expertise to help contribute to the advancements being made to develop the AAM industry in Japan. Eve's official induction into the Japan Advanced Air Mobility Public-Private Committee will help Japan public's knowledge of Eve and help continue to advance the company's reputation in the country.

"Eve is committed to establishing and helping safely scale the AAM ecosystem in Asia Pacific region," said Bordais. "We are looking forward to continued partnership with our partners in Japan as we move toward entry into service in 2026. With the recent announcement of up to 50 eVTOL aircraft by AirX, Japan's largest public helicopter air charter service, Eve continues to expand its relationships in the country."

Eve has continued to advance the development of its eVTOL aircraft. The company has begun construction of its full-scale prototype and is on schedule to begin testing the aircraft in 2024. Featuring a lift+cruise design to minimize moving parts and reduce potential cost of ownership, Eve's eVTOL features eight lift rotors to assist in takeoff and landing and one push rotor for cruise. With a range of up to 100km (60 miles) and traveling at speeds of 100 knots, Eve's aircraft currently leads the industry with 2,900 orders.

In addition to developing its eVTOL aircraft, Eve will offer its customers access to an existing worldwide network of service centers through its relationship with Embraer, one of the world's largest manufacturers of aircraft. The company is also developing several solutions to support its customers on Day 1 ranging from flight operations solutions and network optimization to data management and eVTOL health monitoring.

Image: https://eve.imagerelay.com/share/8882f4926ab2411fb1ba4d93187f6e35

Follow Eve on X (Twitter), Instagram, Facebook, LinkedIn and YouTube: @EveAirMobility

About Eve Air Mobility

Eve is dedicated to accelerating the Advanced Air Mobility ecosystem. Benefitting from a start-up mindset, backed by Embraer S.A.'s more than 50-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the AAM ecosystem, with an advanced eVTOL project, comprehensive global services and support network and a unique air traffic management solution. Since May 10, 2022, Eve is listed on the New York Stock Exchange where its shares of common stock and public warrants trade under the tickers "EVEX" and "EVEXW". For more information, please visit www.eveairmobility.com.

Media Contacts:

Eve Air Mobility: [email protected]

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