Aviation

United Invests Another $15 Million in Electric Flying Taxi Market with Eve

United to purchase agreement for Eve Air Mobility 200 four-seat electric aircraft plus 200 options

United today announced a $15 million investment in Eve Air Mobility and a conditional purchase agreement for 200 four-seat electric aircraft plus 200 options, expecting the first deliveries as early as 2026. This marks another significant investment from United in flying taxis – or eVTOLs (electric vertical take-off and landing vehicle) – that has the potential to revolutionize the commuter experience in cities around the world.

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“United has made early investments in several cutting-edge technologies at all levels of the supply chain, staking out our position as a leader in aviation sustainability and innovation,” said Michael Leskinen, President of United Airlines Ventures.

“Today, United is making history again, by becoming the first major airline to publicly invest in two eVTOL companies. Our agreement with Eve highlights our confidence in the urban air mobility market and serves as another important benchmark toward our goal of net zero carbon emissions by 2050 – without using traditional offsets.

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United was the first major U.S. airline to create a corporate venture fund, United Airlines Ventures (UAV), designed to support the company’s 100% green commitment to reach net zero emissions by 2050 without the use of traditional offsets. Through UAV, United has led the industry in investments in eVTOL and electric aircraft, hydrogen fuel cell engines, and sustainable aviation fuel. Last month, United gave a $10 million deposit to a California-based eVTOL company for 100 aircraft.

United’s investment in Eve was driven in part by confidence in the potential growth opportunities in the UAM market and Eve’s unique relationship with Embraer, a trusted aircraft manufacturer with a proven track record of building and certifying aircraft over the company’s 53-year history. Moreover, United joins the consortium led by Eve, which will simulate UAM operations in Chicago from September 12th.

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Electric motors are utilised in eVTOL aircraft, which allow for carbon-free travel and “air taxi” service in urban areas. Eve’s design makes use of traditional fixed wings, rotors, and pushers to create a lift-plus-cruise design that emphasizes security, effectiveness, dependability, and verifiability.

With a range of 60 miles (100 km), its vehicle has the potential not only to offer a sustainable commute but also to reduce noise levels by 90 percent compared to current conventional aircraft. Eve is also creating a new air traffic management solution designed for the UAM industry to scale safely.

This software is intended to perform at the same safety level as Embraer’s existing air traffic management software and expected to be a strategic asset to helping the entire industry grow.

Aviation

Boeing Resumes 737 MAX Manufacturing After Seven-Week Strike

In a crucial move for its recovery, Boeing has restarted production of its best-selling 737 MAX jetliner, about a month after a significant seven-week strike involving 33,000 factory workers came to an end.

This marks a key milestone for the planemaker, which has been facing considerable challenges in recent years, including heavy debt and a series of setbacks.

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According to the report from Reuters, Boeing resumed the production of the 737 MAX jetliner last week, a pivotal step as the company aims to meet the growing global demand for air travel. With over 4,200 orders from airlines, Boeing’s ability to get the 737 MAX production line back in motion is vital for its financial recovery.

Although Boeing had previously planned to restart production earlier, the company faced numerous obstacles that delayed this process. Federal Aviation Administration (FAA) head Mike Whitaker told Reuters on Thursday that while Boeing had not yet resumed production, they had plans to restart by the end of the month.

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The road to this point has been rocky for Boeing. Setbacks such as the tragic fatal crashes of the 737 MAX, the COVID-19 pandemic, ongoing supply chain issues, production safety concerns, and increased regulatory scrutiny have all contributed to delays in the company’s efforts to ramp up production.

The seven-week strike, which involved thousands of Boeing’s factory workers, added yet another hurdle. Despite these challenges, production of the 737 MAX officially resumed on Friday, according to one of the anonymous sources.

Boeing, however, declined to comment on the matter. The planemaker is now focused on reaching its goal of producing 56 737 MAX airplanes per month, a target that has been delayed due to the many issues that have beset the company over the past few years.