Alt Air Teams Up with Eve Air Mobility and Skyports Infrastructure to Advance Electric Aviation in New South Wales and Queensland

Eve Air Mobility (NYSE: EVEX) has entered a strategic collaboration with Alt Air and Skyports Infrastructure to prepare eVTOL operations across New South Wales and Queensland, Australia.

Rhea-AI Summary

Eve Air Mobility (NYSE: EVEX) has entered a strategic collaboration with Alt Air and Skyports Infrastructure to prepare eVTOL operations across New South Wales and Queensland, Australia. Partners will co-develop vertiport infrastructure, route planning, airspace integration, ground operations, and customer experience.

The phased commercialization roadmap aims to enable visible eVTOL services timed toward the Brisbane 2032 Games, leveraging Alt Air's Sydney bases and Skyports' vertiport expertise to build a connected UAM network.

Positive

• Strategic partnership formed between Eve, Alt Air, and Skyports to co-develop eVTOL operations
• Vertiport development led by Skyports to evaluate locations across urban and regional corridors
• Brisbane 2032 timeline provides a clear milestone to demonstrate high-visibility eVTOL operations

Negative

• Plans are forward-looking and explicitly subject to significant risks and uncertainties
• No financial guidance or concrete commercialization timelines provided, increasing execution uncertainty

Argus Mar 10 session

-0.66% close to close Open Argus

Details

News Market Reaction – EVEX

On Mar 10, the day this news came out, EVEX closed 0.66% below the previous close.

Data tracked by StockTitan Argus for the Mar 10 session.

Key Figures

Brisbane Games year: 2032

Brisbane Games year

2032

Target timing for high‑visibility eVTOL operations in Queensland

Historical Context

5 past events · Latest: Mar 04

5 events

1. Mar 04

   Trade show update

   24h Move

   +2.0%

   Highlighted flight‑test progress, operator commitments and integrated services at VERTICON 2026.

2. Mar 04

   Correction release

   24h Move

   +2.0%

   Clarified VERTICON details including 2,700 eVTOL commitments and ~300 planned 2026 flights.

3. Feb 03

   Order announcement

   24h Move

   -2.4%

   Binding AirX purchase agreement for up to 50 eVTOLs, including two firm orders.

4. Jan 20

   Debt financing

   24h Move

   -0.9%

   Secured $150 million 5‑year debt facility to fund eVTOL development and commercialization.

5. Dec 19

   Prototype milestone

   24h Move

   -0.6%

   Completed first flight of uncrewed full‑scale eVTOL prototype and outlined 2026 test plans.

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

Key Terms

evtol, urban air mobility, uam, advanced air mobility, +3 more

7 terms

evtol technical

"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.

uam technical

"accelerating the Urban Air Mobility (UAM) ecosystem"

Urban air mobility (UAM) is the development and operation of small, often electric, aircraft designed to carry people or cargo around cities and suburbs, typically taking off and landing vertically like an elevator in the sky. For investors it represents a potential new transport layer—similar to adding a fast lane above congested roads—creating opportunities for makers of aircraft, batteries, software and landing infrastructure, but also exposing companies to heavy regulatory, safety and infrastructure risk that can affect timelines and returns.

advanced air mobility technical

"a new Advanced Air Mobility company based in Sydney, Australia"

Advanced air mobility involves the development and use of new types of aircraft, such as electric or hybrid vehicles, to transport people and goods through the air more efficiently and safely. It aims to improve urban transportation, reduce traffic congestion, and open up new markets for aerial services. For investors, it represents a growing industry with potential for technological innovation and future economic impact.

vertiport technical

"With Skyports, Alt Air will explore new vertiport locations"

A vertiport is a designated landing and takeoff area for small, vertical-takeoff aircraft, such as air taxis or drones, often resembling a small airport or helipad but designed for vertical flights. It matters to investors because the development of vertiports signals growth in urban air mobility, which could transform transportation systems and create new business opportunities in crowded cities.

multimodal transport technical

"integrated multimodal transport connections"

Multimodal transport is the movement of goods using two or more types of transportation (for example truck plus ship or rail plus air) under a single contract and managed end-to-end by one party — like a relay team handing a baton from one runner to the next. It matters to investors because it can lower shipping costs, speed deliveries and reduce supply-chain risk, which can boost profit margins and competitive position, while also creating operational or regulatory exposures that affect valuation.

forward-looking statements regulatory

"Certain statements contained in this release are forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

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

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ATLANTA, March 10, 2026 /PRNewswire/ -- Eve Air Mobility ("Eve") (NYSE: EVEX, EVEXW; B3: EVEB31), a global leader in the development of next-generation electric Vertical Take-Off and Landing (eVTOL) solutions, has entered into a strategic collaboration with Alt Air, a new Advanced Air Mobility company based in Sydney, Australia, which has also partnered with Skyports Infrastructure (Skyports) to prepare for eVTOL operations across both New South Wales and Queensland, Australia.

"Through this collaboration, we are laying the foundation for a world-class eVTOL ecosystem in Australia," said Johann Bordais, chief executive officer at Eve Air Mobility,  "New South Wales and Queensland present an incredible opportunity to deliver sustainable, quiet, and efficient urban air mobility solutions that will benefit residents, businesses, and international visitors, especially as we look toward the opening of Western Sydney International Airport and the global stage of the Brisbane 2032 Games."

Alongside these partnerships, Alt Air will leverage existing airports and other unique aviation infrastructure assets in Sydney, including operating bases on Sydney Harbour and at Palm Beach. With Skyports, Alt Air will explore new vertiport locations to expand the network of future commercial eVTOL services in Queensland. This consortium brings together the key components required to establish a safe, efficient, and sustainable Urban Air Mobility (UAM) ecosystem, one that positions Australia as a global leader in next-generation transportation services.

Together, Eve, Alt Air, and Skyports will co-develop an integrated operational plan spanning critical elements of Australia's emerging eVTOL market. This includes vertiport infrastructure, route planning, airspace integration, ground operations, and customer experience. The collaboration will play a significant role in supporting future commercial eVTOL services across both regions, including a roadmap that builds high-visibility operations in time for the Brisbane 2032 Summer Games.

The collaboration focuses on a phased commercialization roadmap designed to bring eVTOL services online with sustainability and safety at the forefront. Skyports will lead efforts to evaluate and develop vertiport locations across key urban and regional corridors. These new vertiports and their facilities, in combination with existing airports and other aviation infrastructure, will serve as the backbone of the network, enabling seamless passenger flow, high‑tempo aircraft operations, and integrated multimodal transport connections.

"Our work with Eve Air Mobility and Skyports underscores our shared commitment to building meaningful aviation innovation in Australia. Together, we are designing an eVTOL network that will significantly improve connectivity and set a benchmark for advanced air mobility worldwide," said Aaron Shaw, managing director at Alt Air.

Eve, Alt Air and Skyports will assess priority routes linking major population centers, commercial districts, and tourism hubs across Sydney, South East Queensland, and surrounding regions. Early concepts include high-demand corridors such as Western Sydney International Airport to downtown Sydney.

As Queensland prepares to welcome the world for the 2032 Brisbane Games, the collaboration aims to enable eVTOL services that provide an efficient, sustainable, and future-forward mobility option for visitors and residents alike.

"We see Australia as a key future market for AAM and have enjoyed strong stakeholder engagement and enthusiasm across the country. We're excited to apply our real-world vertiport experience and enable the next era of flight in Australia. South East Queensland is one of the most attractive markets for AAM to launch in Australia and the Brisbane 2032 Games will be a strong catalyst to enable a safe, efficient and legacy network that will extend well beyond the Games," said Yun-Yuan Tay, head of Asia-Pacific at Skyports Infrastructure

By establishing a connected vertiport network and fully operational routes ahead of the Games, Eve, Alt Air, and Skyports intend to showcase Australia's leadership in advanced air mobility. These services are expected to enhance connectivity between key summer games venues, central business districts, and major airports, including Brisbane, Gold Coast, and Sunshine Coast Airports.

Image: Alt Air Eve Air Mobility

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 Alt Air
Alt Air — a new Advanced Air Mobility company focused on bringing practical, scalable air mobility services to Australia and the wider region. Alt Air, created by the founders of Sydney Seaplanes, builds on nearly two decades of real-world urban aviation experience in one of the world's most complex and highly regulated urban aviation environments. That experience is supported by its unique aviation infrastructure assets in Sydney, including operating bases on Sydney Harbour and at Palm Beach, each with significant aviation approvals already in place. https://flyaltair.com.au/

About Skyports Infrastructure 
Skyports Infrastructure is a global leader in the design, build, and operation of heliports and skyports for helicopters and eVTOLs. With live operational assets in the UK and US, and projects under development across the Middle East, Europe and Asia, Skyports delivers the ground infrastructure needed for safe, efficient, and scalable vertical lift operations. The company is driving the future of urban air mobility, bringing next-generation aviation to cities around the world. Find out more at: www.skyports.net

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Eve Air Mobility (EVEX) announce about its partnership with Alt Air and Skyports on March 10, 2026?

Eve announced a strategic collaboration with Alt Air and Skyports to prepare eVTOL operations in NSW and Queensland. According to Eve, partners will co-develop vertiport infrastructure, route planning, airspace integration, ground operations, and customer experience.

How will the Eve–Alt Air–Skyports collaboration support eVTOL services for the Brisbane 2032 Games?

The collaboration aims to build a phased commercialization roadmap to enable visible eVTOL services by the Brisbane 2032 Games. According to Eve, the plan targets vertiport networks and operational routes linking airports and major venues for Games-time connectivity.

What infrastructure will Alt Air leverage to launch eVTOL services in Sydney and Queensland?

Alt Air will use existing airports and unique aviation assets including Sydney Harbour and Palm Beach operating bases. According to Alt Air, these assets have significant aviation approvals and will support initial operations and network expansion.

What role will Skyports Infrastructure play in the EVEX partnership in Australia?

Skyports will lead evaluation and development of vertiport locations across key urban and regional corridors. According to Skyports, this includes designing facilities to enable high-tempo aircraft operations and multimodal transport connections.

Are the Eve–Alt Air–Skyports plans guaranteed to launch commercial eVTOL flights in Australia?

No, the plans are forward-looking and not guaranteed; they are subject to significant risks and uncertainties. According to Eve, actual timing and outcomes may differ because of regulatory, operational, and other material risks.