By Brazil Stock Guide – Eve Air Mobility (NYSE: EVEX, EVEXW; B3: EVEB31) signed a letter of intent with Shearwater Global Capital for as many as 16 electric vertical takeoff and landing aircraft, adding a potential leasing channel as the Eve 100 moves through new certification stages in Brazil and Europe.
The agreement was announced during the Farnborough International Airshow in the UK. Shearwater, Bay Point’s aviation finance business, plans to use the aircraft to develop leasing solutions for advanced air mobility operators.
Financial terms and a delivery schedule weren’t disclosed. The letter of intent sets out a framework for the transaction but doesn’t constitute a firm order at this stage.
Shearwater joined Bay Point in April 2026 as part of an effort to expand the private-credit firm’s exposure to aviation finance. The company is now looking to add emerging asset classes, including eVTOL aircraft, to a portfolio that already covers commercial and private aviation.
The leasing strategy could help operators spread acquisition costs over the term of their contracts and reduce the upfront capital required to deploy electric-aircraft fleets. Shearwater and Bay Point also plan to evaluate additional financing opportunities as the advanced air mobility market develops.
“We are pleased to welcome Shearwater to Eve’s growing network of customers and partners,” Eve Chief Executive Officer Johann Bordais said. “We believe advanced air mobility will play an important role in shaping the future of transportation, and we look forward to supporting Shearwater as it brings leasing solutions to the market.”
“This order reflects our confidence in Eve’s technology, leadership team and vision for advanced air mobility,” said Chris Miller, managing director of aviation at Shearwater Global Capital.
“We believe advanced air mobility will become a global market, and Shearwater intends to play a leading role in supporting that growth through innovative leasing solutions,” Miller said. “By leveraging Eve’s industry-leading order backlog and integrated aircraft and service solutions, we see a compelling opportunity to help operators scale and create long-term value.”
Brazil and Europe certification steps
Eve also announced two regulatory milestones for the Eve 100. Brazil’s National Civil Aviation Agency, known as Anac, opened an industry consultation on revised airworthiness criteria, while the company filed an application with the European Union Aviation Safety Agency, or EASA, to begin validating the aircraft’s type certificate.
The parallel processes are designed to prepare the Eve 100 for operations in multiple markets. In addition to the certification work in Brazil, Eve is coordinating with the US Federal Aviation Administration and has now formally added the European regulator to its global approval strategy.
Anac’s consultation will remain open through Aug. 18, allowing aviation companies and other stakeholders to comment on the proposed technical requirements.
The revised criteria replace an initial version published in November 2024 and incorporate international certification approaches, including FAA rules for powered-lift aircraft.
Powered-lift vehicles combine features associated with helicopters and fixed-wing aircraft. They can take off and land vertically while using wings to increase efficiency during horizontal flight, requiring specific standards for design, performance, operation and safety.
“Anac’s industry consultation on the revised airworthiness criteria and our type certificate validation application with EASA are fundamental demonstrations of progress in the Eve 100 certification process,” Bordais said.
“We value the close technical collaboration with Anac and the engagement with the world’s leading aviation authorities as we advance a comprehensive certification approach for new aeronautical technologies,” he said. “These steps further strengthen our path toward type certification and support our strategy of bringing the Eve 100 to key global markets.”
Certification process began in 2022
Eve filed its type certification application with Anac in February 2022, starting the Brazilian regulator’s formal assessment of whether the aircraft meets applicable airworthiness and safety requirements.
The company began working bilaterally with the FAA in 2023 to validate the future Brazilian certificate in the US. The effort includes aligning the regulators on the certification basis and the methods Eve will use to demonstrate compliance.
The EASA application extends that strategy to Europe. The next steps include initial product-familiarization activities and further technical discussions with the European agency.
After the industry consultation ends, Anac will review the submissions and consider potential changes to the proposed airworthiness criteria.
“For Anac, advanced air mobility is a strategic priority, and Brazil can collaborate with the world’s leading civil aviation authorities to establish safe and harmonized certification processes,” Anac Director-President Tiago Faierstein said.
“At the same time, we have workstreams to develop standards and regulations so that we also have the infrastructure and airspace needed for this aviation innovation, which will soon be integrated into the civil aviation ecosystem,” he said. “Anac knows that eVTOLs are a path of no return and will work strongly to develop this sector.”
Eve, backed by Embraer SA (NYSE: ERJ), is developing an advanced air mobility platform that combines the electric aircraft with maintenance and support services and an urban air-traffic management system.
The Eve 100 program draws on Embraer’s more than five decades of aerospace experience. Its commercial strategy brings together operators, investors, lessors and infrastructure providers as Anac, the FAA and EASA evaluate the aircraft for potential entry into international markets.
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