Embraer lands $1.9B order

|About: Embraer S.A. (ERJ)|By:, 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.