Aerospace

Eve Air Mobility Names Three eVTOL Suppliers

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PARIS – June 18, 2023 — Eve Air Mobility (“Eve”) (NYSE: EVEX, EVEXW) today named the first three suppliers for its electric vertical take-off and landing (eVTOL) aircraft. Nidec Aerospace LLC, a joint venture between Nidec Corporation and Embraer, will provide the electric propulsion system, BAE Systems will provide an advanced energy storage system and DUC Hélice Propellers will supply the rotors and propellers for the eVTOL.

“The announcement of the first suppliers is a key milestone in the development of our eVTOL aircraft,” said Andre Stein, co-CEO of Eve Air Mobility. “As we advance toward entry into service, our goal is to make sure that we produce and deliver a mature aircraft that not only exceeds expectations but enables our customers to operate safely and efficiently with the lowest cost of operation.”

Nidec Aerospace LLC, a joint venture between Japan’s Nidec Corporation (TSE: 6594; OTC US: NJDCY) and Brazil’s Embraer (B3: EMBR3, NYSE: ERJ), will develop the electric propulsion system for Eve’s eVTOL. Nidec Corporation, the world’s leading comprehensive motor manufacturer, will be backed by Embraer’s more than 50-year history of aerospace experience to design, certify, produce, and commercialize next-generation electric propulsion systems based on well-proven technologies.

“We are excited to have Eve as our launch customer for Nidec Aerospace’s new electric propulsion system,” said Michael Briggs, senior vice president and president of the Motion & Energy Business Unit at Nidec. “With our cutting-edge technologies, Nidec Aerospace and Eve together are well-positioned to drive and accelerate advances in electrified urban air mobility towards a more sustainable future.”

BAE System’s energy storage system will be integrated into Eve’s eVTOL and will allow the aircraft to efficiently operate with zero emissions and low noise. The new energy storage system leverages the company’s more than 25 years of experience in providing dependable electric power and propulsion for transit buses and other heavy-duty vehicles. That experience combined with their history of developing flight critical control systems for aerospace is ideal for Urban Air Mobility (UAM) applications that depend on safety, reliability and efficiency.

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Aerospace

EASA Ends Suspension on PIA, Approves Flights to Europe

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The suspension of Pakistan International Airlines (PIA) from operating in Europe is finally over, marking a significant turning point for Pakistan’s aviation sector.

After years of scrutiny and stringent safety assessments, the European Commission and the European Aviation Safety Agency (EASA) have officially lifted the ban on PIA. This decision also grants Airblue authorization to operate flights to Europe, further enhancing Pakistan’s connectivity with the region.

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PIA’s suspension, initially imposed in June 2020, was a direct consequence of concerns regarding the oversight capabilities of Pakistan’s Civil Aviation Authority (PCAA). These concerns were triggered shortly after a tragic PIA plane crash that claimed 97 lives, prompting an investigation into the validity of pilot licenses issued in the country.

Now, after four years of continuous efforts and reforms by the PCAA, EASA has expressed renewed confidence in Pakistan’s aviation regulatory framework. In a statement, EASA highlighted that Pakistan has successfully addressed safety compliance issues, enabling PIA to resume its operations within the European Union.

A spokesperson for PIA expressed optimism, emphasizing the airline’s commitment to strictly adhere to EASA’s regulations and guidelines. “This milestone has been achieved after four years of relentless efforts by the PIA management,” the spokesperson said.

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The lifting of the ban is expected to have a profound impact on PIA’s future. The airline, which employs over 7,000 people, has faced criticism in the past for poor management, financial instability, and regulatory challenges.

However, the restoration of European operations is seen as a vital step toward regaining its competitive edge, improving its financial standing, and restoring its reputation on the global stage.

Pakistan’s government, which has been exploring options to privatize the debt-laden national carrier, is hopeful that this development will attract foreign investment and bolster the country’s aviation industry.

With a renewed focus on compliance and safety, PIA is now poised to rebuild its presence in Europe, offering Pakistani travelers and international passengers more connectivity and improved service.