The flights would begin in March, county officials said. Airport manager Peter Scherer said the airline is considering routines to Orlando, West Palm Beach and Chicago.
We have generally regarded this trend as positive for Brazilian regional jet manufacturer Embraer (ERJ). However, ERJ's current valuation may be a bit stretched if insiders are any indication.
Brazilian aircraft maker Embraer said on Tuesday its proposed share offering will be about twice as large as planned because more of its shareholders decided to join the sale. Embraer, the world’s fourth largest commercial aircraft producer, said in a filing to Brazil’s securities regulator five of its shareholders will offer 72.9 million common shares. In a December filing, the company said two shareholders planned to offer 43.3 million shares.
With major shareholders all seeming to feel like this is a good time to lighten up, investors should probably be wary about buying right now.
ERJ 1-yr chart: