Eve and FlyBIS sign a binding agreement for up to 12 eVTOLs, two of them firm

Eve Air Mobility said on November 4, 2026 that it and FlyBIS Aviation Limited signed a binding agreement for up to 12 electric vertical takeoff and landing aircraft. The release is datelined Melbourne, Florida. It says the agreement comprises two firm orders and purchase rights for ten additional units. The ten purchase rights are conditional. They are not firm orders. The release does not state a price, a deposit or a delivery date for the two firm aircraft or for the ten.

Eve says the agreement builds on a letter of intent the companies announced in 2022. AeroTime, in a report the same day by Ian Molyneaux, says the 2022 agreement initially said FlyBIS would purchase up to 40 of Eve's eVTOL aircraft. That "up to 40" figure is AeroTime's account of the 2022 letter. This page did not open the 2022 document. The November 4 agreement Eve describes is two firm orders plus purchase rights for ten, not an order for 40.

Where FlyBIS says it wants to fly

Eve says FlyBIS plans to deploy the aircraft in southern Brazil, initially connecting destinations in Santa Catarina and Rio Grande do Sul. It says potential routes include Navegantes, Balneário Camboriú and Florianópolis along Santa Catarina's coastline, and tourism destinations in Rio Grande do Sul's mountain region, including Gramado and Bento Gonçalves. "Plans" and "potential" are the release's words. AeroTime uses "potential routes under consideration" for the same cities. No route is described as approved, and no service is described as started.

Eve chief executive Johann Bordais says the agreement moves the relationship "from early market development to concrete fleet commitments." The concrete commitment the release counts is the two firm orders. The ten remain purchase rights. Gustavo Zanettini, whom both pages call co-founder and chief executive of FlyBIS, says the agreement moves FlyBIS closer to introducing regional and urban connectivity in southern Brazil. Eve says the companies will keep working on entry into service, including network planning, operational readiness, infrastructure and fitting the service into the wider transport system. That work is described as continuing. It is not described as finished.

FlyBIS's own description on Eve's page says FlyBIS is launching a strategic fundraising round to support fleet acquisition, partnerships and the network. No amount is stated. That round is not a price for these aircraft.

Flights and certification, as Eve states them now

Eve says that, following its first flight, the full-scale engineering prototype has completed more than 70 flights, including the hover and low-speed phases, and that the company is expanding the flight envelope through transition-flight testing. It says that testing includes in-flight activation of the rear pusher propulsion system as the aircraft advances toward wing-borne flight. "Toward" is Eve's word. The release does not say wing-borne flight has been completed. An Aviation Week interview published October 14, 2026 quoted Bordais saying Eve had logged 72 flights and that the hover phase was completed in April. "More than 70" on November 4 does not replace that 72 with a new exact count. The November 4 release adds the transition-testing sentence.

Eve says that in September 2026 Brazil's Ministry of Ports and Airports brought aviation authorities, government representatives and Eve together to discuss certification, vertiport infrastructure, energy supply, operational safety, telecommunications and airspace integration. A meeting to discuss certification is not an issued certificate. Eve also says Brazil is positioned to be among the first to scale commercially following certification, with two operators already committed and several others showing interest. The release does not name those two operators in that sentence. Certification "following" which scaling would happen is still ahead in Eve's wording. No type certificate is stated. The end-of-2028 certification target Bordais gave Aviation Week remains a target on the Eve-100 row. The November 4 release does not set a new date.

The photograph

The photograph is Eve's full-scale prototype at Embraer's Gavião Peixoto site in March 2026. It is not a FlyBIS aircraft, and it is not a picture of the signing. Eve's release points to an image share, and the share page contains one file named FlyBis_BC_2026livery. AeroTime published a copy and credits Eve Air Mobility. That image shows aircraft marked FLYBIS over a coast. This page treats it as a rendering and does not use it.

What is not established

The binding agreement is two firm orders plus purchase rights for ten. The purchase rights are conditional. They are not firm orders. No price, deposit or delivery date is stated in the November 4 release.

Update, November 5, 2026. On the earnings call, a Motley Fool transcript records Johann Bordais calling the ten an option and describing a potential contract size of $60 million. The November 4 release's word was purchase rights, and it stated no price. The $60 million figure is a potential size on the call. It is not a price in the November 4 release. The quarterly results are a separate report. The city list is a plan. The 2022 "up to 40" figure is AeroTime's account of a letter this page did not open. More than 70 flights, and the separate report of 72, are company figures for the engineering prototype. Transition testing is underway. Wing-borne flight is described as a step still ahead. No type certificate is stated. The September meeting is not a certificate. The two unnamed operators in Eve's market sentence are not identified here. FlyBIS's fundraising round has no amount on these pages.

Sources

Facts as reported by the linked sources as of Nov 11, 2026. Company targets are plans, not guarantees. Corrections: see About.