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BBAS3 20.74 ▲ 0.92% B3SA3 15.37 ▼ 2.04% WEGE3 44.14 ▼ 0.27% PRIO3 57.50 — 0.00% SUZB3 41.56 ▲ 0.19% RENT3 39.97 ▼ 0.94% AZZA3 18.54 ▼ 0.64% CSAN3 3.87 ▼ 1.53% RAIZ4 0.30 ▲ 3.45% PCAR3 2.65 ▲ 1.15% GMAT3 3.94 ▼ 1.01% PSSA3 54.88 ▼ 0.62% CVCB3 1.32 ▼ 1.49% POSI3 3.89 ▼ 1.52% SLCE3 13.59 ▲ 0.67% NATU3 8.61 ▼ 0.69% BRKM5 6.41 — 0.00% RANI3 7.96 ▼ 0.25% CSNA3 5.19 ▼ 0.95% CMIN3 5.32 ▲ 1.53% USIM5 8.21 ▲ 0.12% GGBR4 23.92 ▼ 1.16% ENEV3 26.60 ▼ 1.30% CPFE3 46.60 ▼ 0.49% CMIG4 11.08 ▼ 0.63% EQTL3 40.05 ▼ 0.69% LREN3 13.76 ▼ 2.41% VIVT3 35.43 ▼ 0.11% RAIL3 14.00 ▼ 0.50% KLABIN 17.38 ▼ 0.06% RAIA DROGASIL 18.69 ▲ 0.11% RDOR3 35.76 ▼ 0.69% HAPV3 10.90 ▼ 0.82% FLRY3 16.44 ▼ 0.42% SMTO3 15.74 ▲ 1.35% UGPA3 31.44 ▲ 1.09% VBBR3 33.61 ▼ 0.41% BBSE3 40.77 ▲ 0.15% BPAC11 56.80 ▼ 0.42% CURY3 32.41 ▼ 0.98% AERI3 2.04 ▲ 0.99% VIVARA 23.72 ▲ 0.85% COMPASS 24.93 ▼ 0.72% VAMOS 3.11 ▼ 0.32% SANB11 26.81 ▼ 0.70% ASAI3 8.68 ▲ 0.23% SBSP3 29.62 ▼ 1.20% WALMEX 49.61 ▲ 0.69% GMEXICO 200.02 ▲ 0.23% FEMSA 223.27 ▼ 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1.53% RAIZ4 0.30 ▲ 3.45% PCAR3 2.65 ▲ 1.15% GMAT3 3.94 ▼ 1.01% PSSA3 54.88 ▼ 0.62% CVCB3 1.32 ▼ 1.49% POSI3 3.89 ▼ 1.52% SLCE3 13.59 ▲ 0.67% NATU3 8.61 ▼ 0.69% BRKM5 6.41 — 0.00% RANI3 7.96 ▼ 0.25% CSNA3 5.19 ▼ 0.95% CMIN3 5.32 ▲ 1.53% USIM5 8.21 ▲ 0.12% GGBR4 23.92 ▼ 1.16% ENEV3 26.60 ▼ 1.30% CPFE3 46.60 ▼ 0.49% CMIG4 11.08 ▼ 0.63% EQTL3 40.05 ▼ 0.69% LREN3 13.76 ▼ 2.41% VIVT3 35.43 ▼ 0.11% RAIL3 14.00 ▼ 0.50% KLABIN 17.38 ▼ 0.06% RAIA DROGASIL 18.69 ▲ 0.11% RDOR3 35.76 ▼ 0.69% HAPV3 10.90 ▼ 0.82% FLRY3 16.44 ▼ 0.42% SMTO3 15.74 ▲ 1.35% UGPA3 31.44 ▲ 1.09% VBBR3 33.61 ▼ 0.41% BBSE3 40.77 ▲ 0.15% BPAC11 56.80 ▼ 0.42% CURY3 32.41 ▼ 0.98% AERI3 2.04 ▲ 0.99% VIVARA 23.72 ▲ 0.85% COMPASS 24.93 ▼ 0.72% VAMOS 3.11 ▼ 0.32% SANB11 26.81 ▼ 0.70% ASAI3 8.68 ▲ 0.23% SBSP3 29.62 ▼ 1.20% WALMEX 49.61 ▲ 0.69% GMEXICO 200.02 ▲ 0.23% FEMSA 223.27 ▼ 2.64% CEMEX 22.64 ▲ 1.98% GFNORTE 183.98 ▼ 1.19% BIMBO 57.50 ▲ 2.02% TELEVISA 9.60 ▲ 1.16% AMX 22.80 ▼ 0.22% GAP 398.24 ▲ 0.75% ASUR 283.46 ▲ 2.85% OMA 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Thursday, July 16, 2026

Embraer’s “Flying Car” Just Flew — Why Eve’s First Test Matters Beyond Brazil

By · December 19, 2025 · 2 min read

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Key Points

  1. Eve, backed by Embraer, flew its full-scale electric air-taxi prototype—small in duration, big in regulatory meaning.
  2. The real race is not publicity. It is certification, industrial discipline, and infrastructure, with 2027 now the target.
  3. Nearly 3,000 potential orders, a $250 million framework deal, and BNDES-backed financing show momentum, but delivery depends on safety approval and city readiness.

For years, “flying cars” have lived in glossy videos and futuristic promises. This week, Brazil’s most serious bet on that idea finally left the ground.

Eve Air Mobility—controlled by Embraer—completed the first flight of its full-scale eVTOL prototype at Embraer’s test site in Gavião Peixoto. It was not a dramatic city flight.

It was a brief, remotely piloted hover—reported at roughly 30 feet for about a minute. That sounds small until you know how aviation works: regulators do not certify dreams. They certify data, collected step by step, under controlled conditions.

Embraer’s “Flying Car” Just Flew — Why Eve’s First Test Matters Beyond Brazil. (Photo Internet reproduction)
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Eve says this first hop helped validate the aircraft’s core architecture and the systems that will decide whether it ever carries paying passengers: fly-by-wire controls, integrated propulsion, energy management, and early noise behavior. Now comes the slow part.

Eve Expands Test Flights Toward 2027 Air Taxi Launch

The company plans “hundreds of flights” over the next year to widen the aircraft’s operating envelope and move toward wingborne flight—the transition where wings start carrying the load and the aircraft begins to behave more like a plane than a helicopter.

The design choice matters. Eve is building a “lift-plus-cruise” aircraft: eight rotors lift it vertically, wings support efficient forward flight, and a rear pusher prop provides cruise thrust with redundancy.

The target is a four-seat aircraft with roughly a 60-mile range, aimed at short hops that can bypass ground congestion rather than replace long-haul aviation.

Behind the engineering is a bigger story about Brazil’s industrial reach. Eve has cited nearly 3,000 potential orders and previously described that interest as coming from 28 customers across nine countries.

It also signed a $250 million framework agreement with Revo for up to 50 aircraft plus entry-into-service and services.

Funding has included support from Embraer and new BNDES debt, with Eve saying BNDES has provided more than $240 million in financing since 2022. Its investor roster includes United Airlines, BAE Systems, Nidec, Thales, and Acciona.

Eve now targets certification, first deliveries, and entry into service in 2027—later than first planned, but aligned with what Brazil’s regulator has described as realistic.

The hard truth is that success will be decided less by slogans than by safety, grid power, vertiports, air-traffic integration, and public trust.

That is why this first flight matters abroad: it is a signal that one of the world’s major aircraft builders is trying to industrialize a new kind of urban transport—using Brazil as the launchpad.

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Rio Times · Live Ticker Intelligence
Embraer SA ADR
EMBJ3 · B3 São PauloIndustrialsAerospace & Defense
Share price · live
$82.16
▼ -0.23% today
Market cap
$12.3 bn
183.4 mn shares
P / E
37.7
EPS 1.71
Dividend yield
0.1%
$0.07 / share
The company
Employees
20,923
Headquarters
São Paulo
Listed since
2000
Website

Embraer S.A., together with its subsidiaries, designs, develops, manufactures, and sells aircraft and systems worldwide. It operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment develops, produces, and sells commercial jets. Its Defense & Security segment…

Financial performance · FY · BRL
RevenueNet income
2022
R$4.5 bn
−R$185.4 mn
2023
R$5.3 bn
R$164.0 mn
2024
R$6.4 bn
R$352.5 mn

Net income rose to R$352.5 mn in 2024, from R$-185.4 mn in 2022.

Valuation & returns
EBITDA margin
10.2%
Net margin
5.4%
Return on equity
11.3%
Price / book
3.24
Enterprise value
$12.3 bn
Revenue growth · YoY
+30.9%
Latest earnings
Q4 2025 — reported EPS 0.00 vs 0.76 expected
Missed −100%
Peers & comparators
EMBRAER ADR
▼ -0.02%
WEGE3
▼ -0.27%
LATAM AIR · LATAM Airlines
▲ +2.01%
Data: EODHD Fundamentals & live feed · The Rio Times Ticker Intelligence
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