In December 2021, a subsidiary of Eve Holding, Inc. (“Eve”) (NYSE: EVEX; EVEXW) and Corporación América Airports S.A. (NYSE: CAAP), the largest private airport operator in the world by number of airports, signed a Memorandum of Understanding (“MoU”) to jointly design and integrate an ecosystem of services and support for Urban Air Mobility (“UAM”) operations in Europe and Latin America. Eve and Corporación América Airports will combine their expertise and efforts to assess market readiness regarding ground infrastructure for electric vertical take-off and landing (“eVTOL”) aircraft operations at airports, including studies of the regulatory framework.
“The next five years will likely be decisive in how we move to and across cities, and aviation will once again play a leading role. Corporación América Airports has always been at the forefront of air transport services and now seeks to be a key player in the UAM segment, identifying the challenges and opportunities for better operating, infrastructure and safety environments. We want to lead the development of the UAM ecosystem, making mobility in the third dimension accessible to everyone in a more sustainable mode of transport,” said Martín Eurnekian, CEO of Corporación América Airports.
“The Urban Air Mobility ecosystem includes ground infrastructure, operations, airports and the integration of different modes of transport. The partnership with Corporación América Airports will allow us to create and implement these concepts, in line with the requirements of regulatory authorities, in different communities across Latin America and Europe. Our dedication to enabling a global UAM ecosystem makes Eve a trusted partner in this collaboration,” said Andre Stein, Co-CEO of Eve.
This partnership reinforces both companies’ commitment to safely pursuing more reliable, accessible, sustainable, integrated and human-centered solutions for the UAM ecosystem.
Images: https://bit.ly/3tdSUMP
Caption: André Stein, co-CEO of Eve, on the left, and Martín Eurnekian, CEO of Corporación América Airports, on the right, during Eurnekian’s visit to the eVTOL simulator in São José dos Campos, São Paulo, Brazil.
About Corporación América Airports S.A.
Corporación América Airports acquires, develops and operates airport concessions. Corporación América Airports is the largest private airport operator in the world by number of airports and the tenth largest by passenger traffic. Corporación América Airports currently operates 53 airports in 6 countries across Latin America and Europe (Argentina, Brazil, Uruguay, Ecuador, Armenia and Italy). In 2021, Corporación América Airports served 35.7 million passengers, 57.6% fewer than the 84.2 million served before the COVID-19 pandemic, in 2019. Corporación América Airports is listed on the New York Stock Exchange under the ticker “CAAP”.
For more information, visit http://investors.corporacionamericaairports.com
About Eve
Eve is dedicated to accelerating the Urban Air Mobility (UAM) ecosystem. Benefiting from a start-up mindset, backed by more than 50 years of Embraer S.A.’s aerospace expertise, and with a distinct approach, Eve is taking a holistic approach to advancing the UAM ecosystem, with an advanced eVTOL project, a global services and support network and a unique air traffic management solution. Since May 10, 2022, Eve has been listed on the New York Stock Exchange, where its common shares and public warrants trade under the tickers “EVEX” and “EVEXW”.
For more information, visit www.eveairmobility.com.
Follow Eve on Twitter: @Eveairmobility
Forward-Looking Statements
Certain statements in this press release include “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate”, “plan”, “project”, “forecast”, “intend”, “will”, “expect”, “anticipate”, “believe”, “seek”, “target”, “may”, “predict”, “should”, “could”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or the negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Eve’s and Corporación América Airports’ expectations with respect to the announced partnership and future performance. These statements are based on various assumptions, whether or not identified in this document, and on the current expectations of Eve’s and Corporación América Airports’ management, and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from assumptions, and such differences may be material. Many actual events and circumstances are beyond the control of Eve and Corporación América Airports.
These forward-looking statements are subject to a number of risks and uncertainties, including: (i) changes in domestic and foreign business, market, financial, political and legal conditions; (ii) failure to realize the anticipated benefits of the announced partnership between Eve and Corporación América Airports; (iii) risks relating to the uncertainty of the projected financial information with respect to Eve; (iv) the outcome of any legal proceedings that may be instituted against Eve; (v) future global, regional or local economic and market conditions, including the growth and development of the urban air mobility market; (vi) the development, effects and enforcement of laws and regulations; (vii) Eve’s ability to grow and manage future growth, maintain relationships with customers and suppliers and retain its key employees; (viii) Eve’s ability to develop new products and solutions, bring them to market in a timely manner and make enhancements to its platform; (ix) Eve’s ability to successfully develop, obtain certification for and commercialize its eVTOL; (x) the effects of competition on Eve’s future business; (xi) the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; (xi) the impact of the global COVID-19 pandemic; and (xii) those factors discussed in Eve’s definitive proxy statement filed with the Securities and Exchange Commission (the “SEC”) on April 13, 2022 (the “Proxy Statement”) under the heading “Risk Factors” and other documents of Eve filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Eve presently does not know of or currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Eve’s expectations, plans or forecasts of future events and views as of the date of this press release. Eve anticipates that subsequent events and developments will cause Eve’s assessments to change. However, except as required by law, Eve disclaims any obligation to update these forward-looking statements in the future. These forward-looking statements should not be relied upon as representing Eve’s assessments as of any date subsequent to the date of this press release, and undue reliance should not be placed upon the forward-looking statements.
Investor Information
www.investors.corporacionamericaairports.com
Contacts
carolina.barros@corporacionamerica.com
patricio.esnaola@caairports.com
