Falko, Embraer Eve To Develop eVTOL Operator Network

 - January 17, 2022, 12:12 PM

Leasing group Falko Regional Aircraft plans to add up to 200 four-passenger Embraer Eve eVTOLs to its portfolio. The LOI inked last week for the eVTOL “potential order” calls for service entry in 2026 and also launches a partnership to develop a network of commercial eVTOL operators.

UK-based Falko is one of several strategic backers supporting Embraer’s plans to float shares in Eve on the New York Stock Exchange after combining the subsidiary with special purpose acquisition company  Zanite Acquisition. Under plans announced on December 21, Embraer is contributing $175 million to a $305 million public investment in private equity, with $25 million coming from Zanite (backed by business aviation entrepreneur Kenn Ricci) and $105 million split between Falko, Azorra Aviation, BAE Systems, Bradesco BBI, Republic Airways, SkyWest, and Rolls-Royce.

Falko, which is already a customer for Embraer’s regional jetliners, is to set up a working group with Eve to help some of its current airline leasing customers to develop route networks for the eVTOL, which will have a range of around 60 miles. Prospective eVTOL lessees will also have access to the air traffic management software Eve is developing, as well as Embraer’s global customer support network.

In March, Falko made an undisclosed investment in UK startup Electric Aviation Group, which is developing a 70-passenger, 1,380-nm hybrid-electric regional airliner ser to enter service in 2028.

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