Eve Holding Inc.

05/17/2024 | Press release | Distributed by Public on 05/17/2024 07:09

Embraer and Eve sign MoU with Groupe ADP aiming to strengthen operations at Paris-Le Bourget Airport

PARIS-LE BOURGET, France - May 17, 2024

  • Embraer (B3: EMBR3, NYSE: ERJ), Eve Air Mobility (Eve) (NYSE: EVEX; EVEXW), and Groupe ADP (Aéroport de Paris) signed a Memorandum of Understanding (MoU) which focuses on innovation and sustainable development, aiming to prepare the future of low-carbon aviation in and around the Airport of Paris-Le-Bourget, strengthening Embraer's operations and its facility at Paris-Le Bourget airport, Europe's leading business aviation airport.
  • This MoU covers the creation of new capabilities to enhance Embraer's aircraft maintenance operations, to prepare for the future Energia family, and to support the development of Advanced Air Mobility (AAM) operations with eVTOLs.
  • With this collaboration, Paris-Le Bourget consolidates its status as an innovative aeronautical cluster and a pioneering airport in decarbonized aviation.

As part of this plan, Embraer Services & Support intends to design and then transfer its current facilities to a new maintenance building to optimize its capacity, while aiming for the most advanced standards in low-carbon construction and energy self-sufficiency. The new aircraft maintenance facility is expected to more than double the unit's capacity.

For Eve, the company intends to work with Groupe ADP to prepare the necessary environment for eVTOL operations, including service and support activities such as training, maintenance, ground handling services, and facilitate potential demonstration flights for public-private initiatives.

Finally, Groupe ADP intends to provide its expertise to support future operations of the Energia aircraft family at Paris-Le Bourget, with the study of a hydrogen infrastructure. Embraer's Energia program was updated last year with two concept aircraft models of 19 and 30 seats, with hybrid-electric and hydrogen-electric propulsion.

"We are proud that Embraer, the world's leading manufacturer of innovative aircraft, and Eve, are strengthening their presence and activities at Paris-Le Bourget airport. We know they will be excellent partners in advancing the transition to low-carbon aviation, especially for small aircraft. Paris-Le Bourget is a pioneering airport. Thanks to the mobilisation of all its teams, it will be able to promote Embraer's new sustainable technologies: hybrid, electric and hydrogen engines", stated Edward Arkwright, Deputy CEO of Groupe ADP.

"We are very happy to deepen our partnership with the ADP Groupe. Our new facilities in Le Bourget will reinforce our commitment to excellence in services, growth, sustainability, and innovation. Embraer has been in France for more than 40 years, and we hope to advance even more our long-term relationship with the country", said Carlos Naufel, President and CEO, Embraer Services & Support.

Johann Bordais, CEO of Eve, added: "Eve and Groupe ADP have a shared vision of making aviation more sustainable, so this collaboration is an excellent opportunity to support this transition. Eve takes a comprehensive approach to urban air mobility and understands that sustainability must be addressed on all fronts, including service and support facilities and vertiports. We look forward to working with Embraer and Groupe ADP to intensify our efforts and make eVTOL flights a reality globally."

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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.

About Embraer

A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive aviation, Defense and Security, and Agricultural Aviation. The company designs, develops, manufactures, and markets aircraft and systems, providing Services and Support to customers after-sales. Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. On average, about every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 145 million passengers a year. Embraer is the leading manufacturer of commercial jets with up to 150 seats and the main exporter of high value-added goods in Brazil. The company maintains industrial units, offices, service, and parts distribution centers, among other activities, across the Americas, Africa, Asia, and Europe. For more information, please visit: www.embraer.com.

About Groupe ADP

Groupe ADP develops and manages airports, including Paris-Charles de Gaulle, Paris-Orly and Paris-Le Bourget. In 2023, the group handled through its brand Paris Aéroport 99.7 million passengers at Paris-Charles de Gaulle and Paris-Orly, and nearly 336.4 million passengers in airports abroad. Boasting an exceptional geographic location and a major catchment area, the Group is pursuing its strategy of adapting and modernizing its terminal facilities and upgrading quality of services; the Group also intends to develop its retail and real estate businesses. In 2023, group revenue stood at €5,495 million and net income at €631 million. For more information, please visit: www.parisaeroport.fr/en/homepage-group and X @GroupeADP.

Media Contacts:

Eve Air Mobility: [email protected]

Embraer: [email protected]

Groupe ADP: Justine Léger, +33 1 74 25 23 23

Forward-Looking Statement Disclosure

Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the company's plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. These forward-looking statements are based on the company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of the company's most recent Annual Report on Form 10-K, Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of the company's most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the company's other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which the company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements. other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement.