Eve Air Mobility signs LOI with Shearwater for up to 16 eVTOL aircraft

The Farnborough agreement would add Shearwater Global Capital as a leasing-focused customer and extend aviation finance into advanced air mobility as the sector moves toward commercialization.

Summary

Eve Air Mobility said it signed a Letter of Intent with Shearwater Global Capital for up to 16 electric vertical take-off and landing aircraft, adding a leasing-focused partner as advanced air mobility moves toward commercialization. The planned deal supports Shearwater’s strategy to expand its aviation finance platform into emerging asset classes and could help operators access leased aircraft as fleets are built out.

Terms & Concepts
  • eVTOL: electric vertical take-off and landing aircraft
  • AAM: advanced air mobility, new short-range air transport
  • Letter of Intent: preliminary agreement outlining planned deal terms