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Embraer lands $1.9B order

Jul. 15, 2014 9:54 AM ETEmbraer S.A. (ERJ) StockERJBy: Yoel Minkoff, SA News Editor
  • Embraer (ERJ -0.2%) has received a $1.9B order for 30 E-Jets from Azul, Brazil's third largest airline. Azul has an option to also acquire another 20 jets, which would bring the contract value up to $3.1B.
  • Azul is looking to increase its fleet capacity, as it plans on flying to the U.S. and expects more government subsidies for regional flying.
  • The first delivery is expected in 2019.

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