Embraer Sells US$705MM Worth of Jets to American Airlines Before Merger

Despite resistance by sectors of the Brazilian society which see merger as ‘selling off’ of one of Brazil’s largest companies, incoming president, Jair Bolsonaro, says he will endorse the agreement.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Brazilian aircraft manufacturer, Embraer has signed a deal with U.S.’s American Airlines to manufacture 15 E175 jets for the U.S. airline company at total purchasing value of US$705 million, announced Embraer early Monday morning.

"This new order from American Airlines continues to show the value that airlines place on our best-selling E175 aircraft," said Charlie Hillis, Vice President, Sales & Marketing, North America, Embraer Commercial Aviation in a press statement released by the company on November 5th.

The latest order, say analysts, comes weeks before . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?