Embraer SA saw its stock rise more than 4% after the firm said that two Australian companies had placed orders for 60 electric vertical takeoffs and landing aircraft (eVTOLs) through its subsidiary Eve Urban Air Mobility.

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Embraer announced cooperation with Sydney Seaplanes on Monday, allowing it to begin operating electric air taxis in the Greater Sydney area. According to the statement, the cooperation involves an order for 50 eVTOLs to be delivered starting in 2026.

Embraer announced on Saturday that Australian helicopter operator Nautilus has ordered ten units of Eve's eVTOLs to operate at tourist spots in Queensland.

For any of the transactions, no figures were provided.

Eve's technology "will seamlessly integrate into operations to deliver a variety of zero-emission tourism experiences." according to analysts at Guide Investimentos in a note to investors.

Embraer was one of the best performers on the Bovespa stock index in the early afternoon, rising 4.8%.