Stock Markets
Eve, Blade to expand ‘flying car’ partnership to Europe
Electric aircraft maker Eve and Blade Air Mobility are expanding their partnership to integrate Eve’s upcoming flying car into Blade’s European route network, starting with France, the companies said on Monday.
The deal follows similar agreements between the firms, which are currently participating in the Paris Airshow, to use Eve’s electric vertical take-off and landing vehicles (eVTOLs) in India and the United States.
Eve is controlled by Brazilian planemaker Embraer and expects to start commercial operations of its vehicle in 2026.
Eve and Blade said in a statement that under their new memorandum of understanding, Blade would focus on developing practical applications for air mobility, including identifying future routes in France and other European countries.
They did not say if the deal would involve new eVTOL purchases by Blade, whose current European operations include flying conventional helicopters between Nice and Monaco.
Eve and Blade last year agreed to deploy up to 200 electric aircraft in India, after also signing a letter of intent for operations in the U.S., where Eve expects to provide up to 60 vehicles per year.
“Extending our partnership with Eve underscores Blade’s commitment to leading the transition from conventional to electric vertical aircraft,” Blade Chief Executive Officer Rob Wiesenthal said.
Eve holds a backlog of nearly 2,800 orders before starting production, with development backed by investors such as United Airlines and Rolls-Royce.
The firm recently announced the first equipment suppliers for its eVTOLs and expects to start building its first full-scale prototype in the second half. Additional testing is planned for 2024.
Eve CEO Andre Stein said he expected the extended partnership with Blade to allow the companies to combine expertise and resources to make travel more accessible and drive environmental improvements.
Blade last year acquired the charter and scheduled flight operations of European firms Monacair, Heli Securite and Azur Helicoptere, which it said would be “crucial” for ongoing technical and commercial discussions with Eve.
(Reuters) – An advanced U.S. military anti-missile system was used in Israel to try to intercept a projectile for the first time since President Joe Biden placed the system in Israel in October, a source familiar with the matter told Reuters on Friday.
The THAAD, or Terminal High Altitude Area Defense system, was used to try to intercept a projectile from Yemen sometime during the last 24 hours, and an analysis would determine its success, said the source who spoke on condition of anonymity.
The Pentagon did not immediately respond to a request for comment.
Israel struck multiple targets linked to the Iran-aligned Houthi movement in Yemen on Thursday, including Sanaa International Airport, and Houthi media said at least six people were killed.
Houthis have repeatedly fired drones and missiles towards Israel in what they describe as acts of solidarity with Palestinians in the Gaza Strip.
In October, Biden placed the THAAD system, built by Lockheed Martin (NYSE:), in Israel along with about 100 U.S. soldiers to help defend the country.
THAAD is a critical part of the U.S. military’s layered air defense systems and added to Israel’s already formidable anti-missile defenses.
(Reuters) – A bipartisan Senate Intelligence Committee report published on Friday criticized the CIA’s response to so-called Havana syndrome health problems among its workforce, saying many individuals “faced obstacles to timely and sufficient care.”
A declassified summary of the panel’s classified report also said the spy agency’s response “negatively affected” those who reported symptoms, leading to a “trust deficit” among some personnel.
While the CIA provided benefits and compensation to many of those reporting symptoms, the report said, the ease of accessing those programs has been inconsistent, affecting how the agency has been organized to deal with the matter.
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Following these transactions, Saba Capital now holds 4,057,625 shares of Pioneer Municipal High Income Fund, reflecting its continued confidence in the fund’s performance. The fund currently offers a 4.53% dividend yield and maintains a conservative beta of 0.67, indicating lower volatility compared to the broader market. This move underscores Saba Capital’s strategy to enhance its position in the municipal bond market through this investment. InvestingPro analysis reveals several additional key metrics and insights about MHI’s financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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