Embraer closes out second quarter with $17.4 bi in orders
Embraer closed out June with $17.4 billion in orders, according to information released today (Jul. 20) by the company. The requests total 360 aircraft.
Over the course of the second quarter, the firm delivered 20 executive aviation jets, 15 of which light units and five large ones. As for commercial aviation, 28 planes were delivered from April to June. In the first six months of 2018, the company delivered 78 executive and commercial aviation units.
On Monday (Jul. 16), Embraer announced the g of a contract selling 25 E175 jets to US firm United Airlines for $1.1 billion. The 70-seat models are expected to be delivered early in 2019.
In Brazil, carrier Azul ordered 30 195-E2 jets.
Boeing
Early this month, Embraer unveiled a t venture with Boeing, a merger to include all the commercial aviation business and services of the Brazilian company. The US giant will pay $3.8 billion to have 80 percent of control of the new operation, estimated at $4.7 billion. The Brazilian jet maker will have 20 percent of the partnership.
The transaction is expected to be concluded in 12 to 18 months, by the end of 2019. The companies are still to work out the operational and financial details surrounding the move, which is yet to be approved by shareholders and regulating agencies.
The Brazilian government may interrupt the cooperation as golden shares were preserved after the company became privately owned, in 1994.
