Electric aircraft maker Eve has secured an $88 million loan deal with Brazil's state development bank BNDES to fund the development of its first production facility, it said in a statement on Tuesday.
Brazilian planemaker Embraer views Mexico as a prime market for its Super Tucano and C-390 defense aircraft, the company's head said on Monday.
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South Africa has advanced in talks for a potential purchase of Embraer's C-390 Millennium, the Brazilian planemaker said on Wednesday, after showcasing the military cargo aircraft in the African nation for the second time.
Despite cash flow pressures and rising debt, Embraer achieved a 38% annual increase in net income, with expectations of higher margins and profitability. Embraer's backlog of $21.1 billion, the highest in 7 years, and a balanced book-to-bill ratio support my positive outlook. Valuation indicators suggest a 17% upside potential, making Embraer an attractive investment despite a 90% share price increase this year.
Electric aircraft maker Eve has appointed former Rolls-Royce executive Megha Bhatia as its new chief commercial officer, the company said on Tuesday, as it continues to develop its "flying taxi".
Boeing will pay Embraer a gross amount of $150 million over its decision to walk away from talks for a commercial aviation tie-up in 2020, the Brazilian planemaker said on Monday.
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Embraer has hired consultancy firm Oliver Wyman to help it explore the U.S. defense market, the head of the Brazilian planemaker's defense unit said, as it eyes selling its C-390 military cargo aircraft to the world's No. 1 economy.
Brazilian planemaker Embraer's average delay to deliver aircraft is around one to two months, the firm's chief financial officer said on Thursday, highlighting it as shorter than the delays larger peers face.