Eve Air reports loss after high-spending 2022

Eve Holdings/Eve Air Mobility on March 17 reported a net loss of $20.1 million for the fourth quarter of 2022 and full-year loss of $174 million. A loss of less than $20 million was recorded by the electric vertical take-off and landing (eVTOL) aircraft maker in 2021, with the increase in the meantime attributed in part  to higher research and development (R&D) expenses and the commissioning of Embraer to “perform several developmental works”. Hiring of new staff also contributed, as Eve’s “total cash consumption” in Q4 2022 was $20.8 million, up from $7.4 million in 4Q21 and a hefty chunk