Eve Air Mobility, a leader in advanced air mobility solutions, has signed a Letter of Intent (LOI) with Shearwater Global Capital (“Shearwater”), the aviation finance company of Bay Point, for up to 16 vertical take-off and landing (eVTOL) aircraft. Bay Point is a specialist aviation lender providing asset-based financing to borrowers globally.
The agreement supports Shearwater’s strategy to broaden its aviation finance platform to include emerging asset classes such as advanced air mobility (AAM), reflecting its continued focus on financing solutions for the evolving aviation sector.
The order marks a step in Shearwater’s strategy since joining Bay Point in April 2026 as a lessor to invest in transformative aviation technologies, expand its business aviation portfolio, and align with the future of sustainable transportation. As a financial institution focused on aviation investments, Shearwater and Bay Point intend to leverage Eve’s industry-leading backlog to offer leasing solutions that will improve access to aircraft for air mobility operators and accelerate fleet deployment.
The companies will also explore additional financing opportunities as demand grows for advanced air mobility and efficient, lower-emissions transportation solutions.
“We are pleased to welcome Shearwater to Eve’s growing network of customers and partners,” said Johann Bordais, CEO of Eve Air Mobility. “We believe advanced air mobility will play an important role in shaping the future of transportation, and we look forward to supporting Shearwater as it offers leasing solutions to the market.”
Eve’s eVTOL aircraft is designed to deliver an efficient, sustainable, and customer-centric transportation experience. Backed by more than five decades of Embraer’s aerospace expertise, Eve’s aircraft and service ecosystem are positioned to support operators seeking to introduce advanced air mobility services safely and efficiently.
“This order reflects our confidence in Eve’s technology, leadership team, and vision for advanced air mobility,” said Chris Miller, Managing Director – Aviation, Shearwater Global Capital, a Bay Point company. “We believe advanced air mobility will become a global market, and Shearwater intends to play a leading role in supporting that growth through innovative leasing solutions. By leveraging Eve’s industry-leading backlog and integrated ecosystem of aircraft and services, we see a compelling opportunity to help operators expand and create long-term value.”
