Eve Holding, Inc. (NYSE:EVEX) Q1 2024 Earnings Call Transcript

Johann Bordais: Yes. No, thank you, Cai. These are very important points. You’ve been following that the FAA has been going through, I think quite a significant process in the development of these requirements, right. And the industry has had, I think, previously an expectation that these would be finalized by now. There was, you remember the publication of a draft of these requirements last year. These were, I think, received a significant pushback from the industry. And a couple of the most important points are the ones you brought, right. But there is really, I think an expectation from the part of the industry that they are finished soon, but we don’t really have a very clear visibility from the FAA when that will happen.

So there is, I think we have the same information that you mentioned that we have the expectation that by the end of the year there’s going to be a new publication. We expect this to be final publication of the requirements. We expect, I think, as Eve, but also as industry, that there is significant change. For example, on requirements for pilot training and reserves, but there’s really not a clear statement from the FAA where that will end, where these will be when final publication comes and when that will happen. So we still work with this timeframe that you mentioned of the second semester, but without any more detail than that.

Operator: And thank you. Ladies and gentlemen this concludes our question-and-answer session. I will turn the conference back over to Lucio Aldworth for any closing remarks.

Lucio Aldworth: Thank you, Chad. And thanks to everyone who joined the call today. As you can see, we accomplished several important milestones this past quarter. We’re fully engaged and moving fast and there’s much more to come. So we’re going to continue updating you on our prototype, on the progress throughout the next few quarters, as well as the prototype to progress and look forward to meeting you in the upcoming events we are going to attend. As always, if you have any questions, please don’t hesitate to reach out to me or to my team. Thanks and have a good day.

Operator: The conference has concluded. Thank you for attending today’s presentation. You may now disconnect.