All articles tagged with #embraer
Brazilian aircraft manufacturer Embraer secures its first U.S. order for its E2 jets with a 50-plane deal from startup carrier Avelo Airlines, aiming to modernize its fleet and expand operations, with planes arriving starting in 2027.
Brazil-based aircraft manufacturer Embraer reported a mixed fourth-quarter performance, with earnings of $1.05 per share, up from 12 cents per share the year prior, and revenue easing 0.8% to $1.975 billion, slightly missing FactSet's expectations. The company delivered 75 jets in Q4 and expects 2024 deliveries and revenue to increase. Morgan Stanley named Embraer its top pick in aerospace, citing the company's transition into a "harvest period" and its potential to challenge the duopoly of Boeing and Airbus. Embraer's stock, trading as ERJ, initially jumped but later fell 4% early Monday.
American Airlines has placed a significant order for 260+ narrow body and regional jets from Airbus, Boeing, and Embraer, with options for 193 additional aircraft. The order includes 85 Airbus A321neos, 115 Boeing 737 MAX 10s, and 90 Embraer E175s, reflecting the airline's focus on larger narrow body aircraft to enhance capacity and compete with low-cost carriers. This move extends American's aircraft order book into the 2030s, supporting its fleet modernization and growth strategy.
American Airlines has placed its largest aircraft order since 2011, ordering 260 planes from Airbus, Boeing, and Embraer in roughly equal numbers. The order includes 85 Airbus A321neo planes, 85 Boeing 737 Max 10 jets, and 90 smaller Embraer E175 aircraft. This signals the airline's confidence in Boeing despite a recent safety incident involving a 737 Max plane. The order aims to modernize and simplify the airline's fleet, allowing for the use of bigger aircraft on shorter routes and offering more premium seats to meet growing demand.
Nidec and Embraer are forming a joint venture called Nidec Aerospace to manufacture parts for flying cars. The new company will be based in St Louis and will utilize existing factories of both firms in Brazil and Mexico. Nidec will hold a 51% stake in the company, while Embraer will hold 49%. No mention was made of the capital amount in the statement.