system

“The future of Air Mobility” demonstrated by Franky Zapata and his FlyBoard:
https://youtu.be/LvWqFjMDEFQ

system

According to their SEC filings, last year Embraer generated revenue of $4.2 billion USD.

This press release masquerading as news is talking about a NON-binding commitment of $2 million for each of the next five years which Embraer would split with an engineering school and taxpayer-funded research foundation.

IF it actually ever comes to past, and even if EMB pays 100% of both partners’ shares, this historic “investment” in “the future of air mobility” represents a whopping 0.05% of Embraer’s revenue.

Wow, less than one-twentieth of one percent, EMB really sees this as the future of the company and is making an “all-in” bet on air mobility!!

Having spent a lot of time trying to do business in Brazil, the only part of this “news” that didn’t seem disconnected from reality was the last sentence: “It was not announced when the ERC will officially begin work.” Talk about an understatement…