Eve Air Mobility’s eVTOL Airworthiness Criteria Released for Public Consultation

Eve Air Mobility’s eVTOL Airworthiness Criteria Released for Public Consultation

Company achieves milestone in pathway to eVTOL certification.

São José dos Campos, SP — Dec. 20, 2023 – Eve Air Mobility (“Eve”) (NYSE: EVEX; EVEXW) announces the release of its proposed airworthiness criteria for public consultation. The National Civil Aviation Agency of Brazil (ANAC) has unveiled these criteria, representing a noteworthy milestone in the certification process and showcasing the considerable progress achieved in the development of Eve’s eVTOL aircraft.

ANAC’s proposed airworthiness criteria are subject to public consultation until mid-February 2024. After this period, ANAC will analyze the feedback received, potentially incorporating changes into the criteria and subsequently unveiling the final certification basis. Upon the finalization of the criteria, Eve and ANAC will focus on the means of compliance to be considered for the eVTOL certification. As previously stated, ANAC is the primary certification authority for Eve’s eVTOL project.

“The publication of the proposed airworthiness criteria is an important milestone towards the certification path of Eve´s eVTOL, and the opening for public comments contributes to the alignment of the certification basis within the industry and among different certification authorities. This is in line with Eve´s path of having the vehicle type certificate issued by ANAC, as the primary certification authority, and validated by other authorities around the world, where the eVTOL will be operated,” said Luiz Valentini, chief technology officer of Eve.

Eve formalized the process for obtaining a Type Certificate for its eVTOL with ANAC in February 2022. The eVTOL certification process aligns with procedures for obtaining a “special class category” aircraft Type Certificate, adhering to airworthiness requirements outlined in the existing Brazilian Civil Aviation Regulations and other stipulated criteria.

In a significant step towards global recognition, Eve also formalized the Type Certificate validation with the U.S. Federal Aviation Administration (FAA) earlier this year and is actively working towards achieving concurrent validation.

Embracing a comprehensive approach to its eVTOL project, Eve, in collaboration with prominent organizations and entities such as ANAC, is poised to shape the future of urban air mobility by propelling advancements in urban air transportation. The company will deliver a safe, sustainable alternative for commuters and continue to mature the design and capabilities of its aircraft under a dedicated pursuit of efficiency, seamlessly integrating cutting-edge technology into the sector.

To read the proposed criteria and submit feedback, visit ANAC’s webpage by clicking here.

Image: https://eve.imagerelay.com/share/078edc2328094e5da9b2c187fde971f8

Follow Eve on X, Instagram, Facebook, LinkedIn and YouTube: @EveAirMobility.

About Eve Air Mobility

Eve is dedicated to accelerating the Urban 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 UAM ecosystem, with an advanced eVTOL project, a comprehensive global services and support network and a unique air traffic management solution. Since May 10, 2022, Eve has been 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.

Follow Eve on Twitter, Instagram, Facebook, LinkedIn and YouTube: @Eveairmobility

Media Contacts

Eve Air Mobility: [email protected] 

Investor Information

https://ir.eveairmobility.com

[email protected]

Forward-Looking Statements 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 Eve’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 Eve’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 Eve’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 Eve’s most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in Eve’s other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which Eve 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. Eve 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.

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