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Wednesday, February 8, 2023

Why Did Eve Holding (EVEX) Stock Surge In Extended Trading?

Following the announcement of the financial results release date, shares of Eve Holding Inc. (NYSE: EVEX) were up 6.52% at $8.00 as of the most recent check in after-hours trading.

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When will EVEX make its financials available?

Before the market opens on Friday, December 23, 2022, Eve Holding (EVEX) will announce its financial results for the third quarter of 2022. The management of Eve Holding will discuss the results in a conference call that day at 9:00 AM ET. The live stream will be accessible to everyone on the EVEX website’s Upcoming Events section.

EVEX inked a contract

EVEX earlier this month executed a Letter of Intent (LOI) with FlyBIS Aviation Limited (“FlyBIS”), a start-up focused on advanced air mobility with headquarters in Caxias do Sul, Brazil. EVEX signed the LOI to work with other parties on establishing eVTOL operations in South America. According to the contract, FlyBIS will also buy up to 40 of Eve’s eVTOL cars.

In the near future, FlyBIS has emerged as a viable choice for air travel in South Brazil, and it is expected to revolutionize and enhance how future generations travel. FlyBIS intends to expand its activities after beginning in the southernmost states of Brazil in order to support the installation and growth of Eve’s air mobility ecosystem. Brave Aviation, which now operates a fleet that includes the Embraer Phenom 100 and other aircraft, is a supporter of FlyBIS.

Together with Eve’s exceptional staff and unmatched resources, FlyBIS has a strong team that is striving to construct and carry out this initiative in the most fiscally and environmentally responsible manner possible. The FlyBIS team is highly driven and assured, and they will collaborate with EVEX to improve the accessibility and environmental friendliness of urban air mobility for the next generations.

How would the partnership boost EVEX’s future growth?

EVEX will be able to extend the future of air transportation to Southern regions of Brazil and other South American nations thanks to the new partnership with FlyBIS. This region features a number of popular tourist destinations that will profit from eVTOL operations, reiterating its dedication to promoting the urban air mobility business in many parts of the world. The vehicles from FlyBIS are among the 2,770 eVTOLs in EVEX’s industry-best order backlog.

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