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Embraer Lands Another Major Order as U.S. Air Travel Improves

Brazilian aircraft manufacturer Embraer SA (ERJ, EMBR3.BR) unveiled Tuesday its third major contract this year to sell jets to a U.S.-based aircraft operator, providing the world's fourth-largest aircraft manufacturer with breathing room for the coming years.SkyWest Inc. (SKYW) has agreed to buy as many as 200 jets, worth as much as $8.3 billion in coming years if all the orders are confirmed. The deal is one of the largest in Embraer's history. A 2003 order by JetBlue Airways Corp. (JBLU) for 200 jets subsequently was revised down to just 100.Analysts say that the deal is the latest sign that the U.S. travel market is starting to recover following the financial and economic crisis that began in 2008, albeit at a tepid pace."I see this as a light at the end of the tunnel for the global economic recovery," said Mario Bernardes Jr., transportation analyst at BB Investimento, the investment-banking arm of Banco do Brasil SA. Along with improving European vehicle sales, "this Embraer sale ...

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  1. Embraer Lands Major Order as U.S. Air Travel Improves

    Brazilian aircraft manufacturer Embraer SA (ERJ, EMBR3.BR) on Tuesday unveiled its third major contract this year to sell jets to a U.S.-based aircraft operator, pro...

  2. Embraer Lands Another Major Order As U.S. Air Travel Improves

    Brazilian aircraft manufacturer Embraer SA (ERJ, EMBR3.BR) on Tuesday unveiled its third major contract this year to sell jets to a U.S.-based aircraft operator, pro...

  3. Embraer books 'milestone' SkyWest deal worth up to $8.3 billion

    SkyWest Inc , the world's largest regional airline group, agreed to buy at least 40 new jets from Brazilian planemaker Embraer SA , in a deal that could climb to 200...

  4. Brazil Stocks Open Mixed as Embraer Climbs, HRT Plunges

    Brazilian stocks opened flat on Tuesday as aircraft maker Embraer jumped on one of the largest plane orders in its history, while shares of oil company HRT Participa...

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    NEWARK, New Jersey (Reuters) - A US Airways flight made an emergency landing on its belly at Newark Liberty International Airport early on Saturday after the plane's...

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