AirX Signs Firm Order Agreement with Eve Air Mobility for Two eVTOL Aircraft

Rhea-AI Summary

Eve Air Mobility (NYSE: EVEX) signed a binding purchase agreement with Tokyo-based AirX for up to 50 eVTOL aircraft, comprising a firm order for two aircraft and options for 48 more. Initial deliveries of the two aircraft are expected in 2029, with use cases including sightseeing and last-mile missions in Tokyo and Osaka.

The agreement supports AirX's Urban Air Mobility expansion in Japan and will be discussed at Eve's Singapore Airshow press conference on Feb. 4, 2026.

Positive

• Firm order for two eVTOL aircraft executed
• Options for 48 additional aircraft expand future upside
• Target markets include Tokyo and Osaka sightseeing and last-mile

Negative

• Initial deliveries not expected until 2029, delaying near-term revenue realization
• Agreement lacks disclosed financial terms, limiting immediate revenue visibility

News Market Reaction – EVEX

-2.41% 1.7x vol

2 alerts

-2.41% Session close to close

$1.30B Market Cap

1.7x Rel. Volume

In the Feb 4 session, EVEX declined 2.41%, reflecting a moderate negative market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. Trading volume was above average at 1.7x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement adds a Japan-based operator, AirX, to Eve’s customer base with a firm order for tw...

Analysis

This announcement adds a Japan-based operator, AirX, to Eve’s customer base with a firm order for two eVTOLs and options for 48 more, targeting sightseeing and last‑mile missions in cities such as Tokyo and Osaka. It complements earlier milestones: a $150 million financing, a full‑scale prototype first flight, and supplier selection supporting a 2,800-aircraft backlog and potential $1 billion opportunity. Investors may watch how these commitments convert into deliveries expected from 2029 and how they integrate with Eve’s broader UAM and air traffic management initiatives.

Key Figures

Firm order aircraft: 2 eVTOL aircraft Total order potential: up to 50 eVTOL aircraft Additional options: 48 eVTOL aircraft +5 more

8 metrics

Firm order aircraft 2 eVTOL aircraft Initial firm order from AirX

Total order potential up to 50 eVTOL aircraft Binding order including options with AirX

Additional options 48 eVTOL aircraft Options providing flexibility for AirX expansion

First deliveries 2029 Expected delivery year for initial two aircraft

Embraer history 56 years Embraer’s aerospace expertise backing Eve

AirX founding 2015 Year AirX was founded

Pre-news price $3.74 Close prior to article on 2026-02-03

52-week range $2.83–$7.6989 EVEX 52-week low and high before this news

Historical Context

5 past events · Latest: 2026-01-20 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
2026-01-20	Debt financing secured	Positive	-0.9%	Secured $150M 5-year debt to fund eVTOL development and commercialization.
2025-12-19	Prototype first flight	Positive	-0.6%	Completed first flight of uncrewed full-scale eVTOL prototype at Embraer facility.
2025-12-19	Prototype first flight	Positive	-0.6%	Launched flight test phase with plans for hundreds of flights in 2026.
2025-12-02	Supplier agreement	Positive	+12.0%	Chose BETA Technologies to supply pusher motors, supporting 2,800-aircraft backlog.
2025-12-02	Supplier agreement	Positive	+12.0%	Agreement representing potential $1B, 10-year opportunity for supplier.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent positive milestones and financing have often seen mixed or negative next-day price reactions, though supplier-selection news drew a strong positive move.

Recent Company History

Over the past few months, Eve reported several key milestones and financings. On Dec 2, 2025, it selected BETA Technologies as pusher motor supplier, supporting a backlog of 2,800 eVTOLs and a potential 10-year opportunity up to $1 billion, which coincided with a 11.99% gain. Successful first flight of its full-scale eVTOL prototype on Dec 19, 2025 and a $150 million financing announced on Jan 20, 2026 both saw modest negative moves, showing that positive news has not always translated into immediate price strength.

Key Terms

evtol, urban air mobility, air traffic management, public warrants, +1 more

5 terms

evtol technical

"Eve Air Mobility ... development of next-generation electric Vertical Take-Off and Landing (eVTOL) solutions"

eVTOL stands for "electric vertical takeoff and landing" aircraft, which are small, electric-powered vehicles capable of taking off and landing vertically like a helicopter. They are designed to provide quick, on-demand transportation within cities or between locations, potentially transforming urban mobility. For investors, eVTOLs represent a growing segment of innovative transportation technology with potential for significant market impact and future growth.

urban air mobility technical

"accelerating the Urban Air Mobility (UAM) ecosystem"

Urban air mobility is the emerging system of using small aircraft—often electric vertical takeoff and landing vehicles and delivery drones—to move people and goods around cities. Think of it as adding a new layer of roads in the sky that could cut travel time and congestion, but it matters to investors because success depends on technology, safety, regulation, airspace rules and new infrastructure, all of which affect costs, adoption and revenue potential.

air traffic management technical

"a unique air traffic management solution"

Air traffic management is the system of services, procedures and technologies that keep aircraft moving safely and efficiently through airports and airspace, acting like a traffic controller or orchestra conductor for planes. For investors it matters because how well air traffic is managed affects airline on-time performance, fuel and staffing costs, airport capacity and safety — all of which influence revenues, operating expenses, regulatory risk and demand for related technology and infrastructure.

public warrants financial

"where its shares of common stock, public warrants and Brazilian Depository Receipts are traded"

Public warrants are tradable securities that give the holder the right to buy a company’s stock at a fixed price before a set expiration date. Like a coupon that lets you purchase shares later at a preset price, they matter to investors because using them can bring new cash into the company but also increase the total number of shares outstanding, which can dilute existing ownership and influence the stock’s price and potential gains.

brazilian depository receipts financial

"its shares of common stock, public warrants and Brazilian Depository Receipts are traded"

Brazilian Depositary Receipts are financial certificates issued in Brazil that represent ownership of shares in companies listed outside Brazil, allowing local investors to buy and sell foreign stocks without using a foreign exchange. They matter because they let investors easily access international companies while trading in local currency and under domestic rules, exposing portfolios to foreign business performance and currency moves much like buying a locally labeled version of a foreign product.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Order agreement adds flexibility with options for 48 more Eve eVTOLs as Japan based AirX scales Urban Air Mobility services

SINGAPORE, Feb. 3, 2026 /PRNewswire/ -- Eve Air Mobility ("Eve") (NYSE: EVEX) (NYSE: EVEXW) (B3: EVEB31), a global leader in the development of next-generation electric Vertical Take-Off and Landing (eVTOL) solutions, has signed its second binding order with Tokyo-based, AirX, a leading Japanese provider of innovative air mobility services.  The binding order includes the purchase of up to 50 eVTOL aircraft. This agreement marks a significant step toward advancing sustainable urban air mobility solutions in Japan.

"Our first agreement in Asia-Pacific, achieved in partnership with AirX in Japan, is more than a milestone; it launches a new era that will redefine urban mobility," said Johann Bordais, chief executive officer at Eve Air Mobility. "Asia-Pacific is poised to help lead the global transformation toward sustainable air transportation, and together we are pioneering solutions that will redefine how cities connect, move, and thrive. This partnership is a bold step toward a cleaner, smarter future for generations to come."

Under the terms of the agreement, AirX will integrate Eve's cutting-edge eVTOL aircraft into its operations, supporting the company's vision to offer efficient, zero-emission transportation alternatives for urban and regional travel. The initial two aircraft are expected to be delivered in 2029, with the potential for further expansion as demand for advanced air mobility grows.

"We are excited to partner with Eve Air Mobility to bring next-generation air transportation to Japan," said Kiwamu Tezuka, founder and chief executive officer at AirX. "This collaboration reinforces our commitment to sustainability and innovation, and positions AirX at the forefront of the evolving air mobility market."

Eve Air Mobility's eVTOL aircraft are designed to provide safe, reliable, and environmentally friendly transportation, leveraging advanced technology to reduce noise and emissions while enhancing passenger experience.

"Receiving this award from AirX underscores our shared commitment to elevating the traveler experience," said Megha Bhatia, chief commercial officer at Eve Air Mobility. "Japan is positioned to be one of the leaders in this region with its strategic focus on AAM to provide cleaner and accessible transportation solutions. Eve's eVTOLs will be used to serve sightseeing routes and last mile missions in cities such as Tokyo and Osaka."

This agreement builds on Eve's growing global footprint and underscores the increasing demand for sustainable air mobility solutions worldwide.

Eve Air Mobility will host a press conference at 1:00 p.m. SGT in Function Room 4 at the Singapore Airshow. During the briefing, the company will share additional details about its recently signed agreement with AirX. Representatives from AirX will join Eve Air Mobility at the event to discuss the collaboration and answer media questions.

About Eve Air Mobility

Eve Air Mobility is dedicated to accelerating the Urban Air Mobility (UAM) ecosystem. Benefitting from a start-up mindset, backed by Embraer's 56-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the UAM ecosystem, with an advanced eVTOL project, comprehensive global services and support network and a unique air traffic management solution. Eve is listed on the New York Stock Exchange (EVEX; EVEXW) and the São Paulo Stock Exchange (EVEB31), where its shares of common stock, public warrants and Brazilian Depository Receipts are traded. For more information, please visit www.eveairmobility.com

About AirX

AirX Inc. is a Tokyo-based vertical air mobility platform company dedicated to transforming urban air mobility. Founded in 2015, AirX develops integrated solutions that connect people to faster, more convenient, and sustainable air travel. Through its digital platforms, including AIROS Skyview and AIROS Charter, AirX offers helicopter sightseeing and charter services while actively preparing for the deployment of eVTOL aircraft and next generation "flying cars." Guided by its mission to "liberate human potential," AirX is shaping the future of mobility by creating smarter, cleaner, and more accessible ways to move across cities and regions.

Image:  AirX eVTOL Livery

Forward-Looking Statement Disclosure 

Certain statements contained in this release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the company's plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. These forward-looking statements are based on the company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of the company's most recent Annual Report on Form 10-K, Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of the company's most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the company's other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which the company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements. other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement. 

 

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SOURCE Eve Air Mobility

FAQ

What did Eve (EVEX) announce with AirX on February 4, 2026?

Eve announced a binding order for up to 50 eVTOLs, including two firm aircraft. According to the company, the initial two aircraft are expected to deliver in 2029 and will support sightseeing and last-mile services in Japan.

How many eVTOLs did AirX commit to buying from Eve (EVEX)?

AirX committed to a firm order for two eVTOLs with options for 48 more. According to the company, the structure provides immediate firm deliveries plus flexibility to expand as demand grows.

When will the first Eve (EVEX) eVTOLs be delivered to AirX?

The first two eVTOLs are expected to be delivered in 2029. According to the company, that timeline reflects certification, production ramp and integration planning for urban operations in Japan.

What will AirX use Eve (EVEX) eVTOLs for in Japan?

AirX plans to deploy Eve eVTOLs for sightseeing routes and last-mile missions in cities like Tokyo and Osaka. According to the company, the aircraft aim to provide efficient, zero-emission urban and regional transportation alternatives.

Does the Eve (EVEX) agreement with AirX include financial terms or pricing?

The announcement did not disclose purchase price or financial terms for the order. According to the company, the public release focused on the binding order size, delivery timing and operational use cases in Japan.