Embraer sees revenue boost from electric aircraft subsidiary
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The Embraer logo is seen at the full-scale prototype of an electric vertical take-off and landing (eVTOL) aircraft developed by Eve Air Mobility, an Embraer group company, as it is presented for the first time in Gaviao Peixoto, Brazil July 3, 2024. REUTE
SAO JOSE DOS CAMPOS, Brazil, June 9 (Reuters) - Brazilian planemaker Embraer expects electric aircraft subsidiary Eve to contribute $1 billion to $1.5 billion of revenue per year after its production ramp-up, Chief Executive Francisco Gomes Neto said on Tuesday.
• Estimate would depend on market performance in the segment, Gomes Neto told reporters.
• Eve's electric vertical takeoff and landing (eVTOL) vehicle is currently expected to be certified and enter into service in 2028.
• Embraer forecasts group revenue at between $8.2 billion and $8.5 billion this year, aims to achieve double-digit billions of dollars by 2030 "or even earlier," Gomes Neto said.
• Embraer confident it will meet its 2026 full-year guidance.
(Reporting by Gabriel Araujo, Editing by Louise Heavens)
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