The Brazilian electric aircraft company Eve announced Friday it will maintain careful financial management while working toward certification of its vertical takeoff aircraft by 2028.
Speaking to reporters, CEO Johann Bordais said the company maintains sufficient funding to sustain operations through 2028, reporting cash reserves of $441 million during the first quarter.
According to Bordais, the company anticipates its 2026 cash usage will fall on the lower end of its projected $225 million to $275 million range.
The certification timeline for Eve’s electric vertical takeoff and landing aircraft has been delayed to 2028, moving back from the previous 2027 target date. This represents the second postponement, as the company originally aimed for certification in 2026.
The head of Brazil’s aviation regulator ANAC recently told Reuters the updated timeline appears achievable, noting that Eve’s testing phase has shown positive results.
