Embraer adds to investment in flying taxi spin-off

Embraer adds to investment in flying taxi spin-off

Corporate & Sovereign Strategy Economy & Policy Equity M&A Brazil United States Capital Markets Technology

Brazilian aircraft manufacturer Embraer said Monday that it added to investments in its flying taxi spin-off Eve Urban Air Mobility, according to a securities filing. Embraer put $185 million in a $357 million private investment in public equity (PIPE) and kept an 82% stake in the spin-off, Eve said in the filing. US blank-check company Zanite Acquisition Corp invested $237 million in Eve and its backers added $25 million to the PIPE.  "We are very fortunate we have a partner like Embraer to sho

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