Eve Air Mobility

Embraer spinoff is now targeting type certification for its four-passenger eVTOL in 2027

Rising development costs have meant increased net losses at the Embraer spinoff

CAE operates a business jet training division with Eve's parent company Embraer

Embraer offshoot will receive a further loan of $88 million

Embraer is one of a few established aerospace manufacturers investing in eVTOL tech

Some competitors are running low on cash, and some big dark horses await their moment

In the same week, rival Archer raised $55 million from existing backer Stellantis

KRD, Latecoere, RALLC, and Alltec sign supplier agreements

Mukamalah Aviation plans to add Joby's eVTOL aircraft to its fleet

With a new CEO in place, supplier selections will be announced later this year