Brazilian e-flight manufacturer may go public, surprising analysts

Eve, the Brazilian company that currently has an order book worth $5 billion, could produce electric planes on several continents. Shares of aircraft manufacturer Embraer rose more than 16 percent to over 23 reals in Brazil and more than 15 percent to over 16 dollars on Wall Street after the company announced that its electric aircraft subsidiary Eve will be listed on the New York Stock Exchange (NYSE).

Embraer is also embarking on the development of zero-emission aircraft

To achieve the aviation industry’s net carbon neutrality target for 2050, a Brazilian manufacturer has unveiled plans for a new family of aircraft. In the Energy project, Embraer is exploring sustainable concept types capable of carrying up to 50 passengers. The manufacturer has entered into partnerships with an international consortium of universities, aeronautical research institutes and small and medium-sized companies.

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