Welcome to our dedicated page for Embraer news (Ticker: ERJ), a resource for investors and traders seeking the latest updates and insights on Embraer stock.
Embraer S.A. (ERJ), a global leader in aerospace manufacturing, provides innovative solutions across commercial aviation, defense systems, and executive jets. This dedicated news hub offers investors and industry professionals timely access to official announcements, strategic developments, and operational updates directly impacting ERJ's market position.
Track critical information through curated press releases>, including quarterly earnings, new aircraft certifications, and defense contract awards. Our repository simplifies monitoring of ERJ's technological advancements, sustainability initiatives, and global partnership expansions within the competitive aerospace sector.
Discover updates across Embraer's core segments: commercial aviation fleet developments, military aircraft programs, and executive jet innovations. Each announcement is verified for accuracy, providing reliable insights into production milestones, regulatory compliance achievements, and aftermarket service expansions.
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Congo Airways has placed a firm order for two additional E195-E2 jets, adding to their existing order for two E190-E2 jets, totaling four aircraft valued at USD 272 million. This order reflects Congo Airways' strategy to capitalize on market opportunities and enhance their regional operations to destinations like Cape Town and Johannesburg. The E195-E2 jets will feature a dual-class layout with 120 seats, providing a 25% increase in capacity compared to the E190-E2. Deliveries are expected to start in 2022.
Embraer's 2020 Commercial Market Outlook highlights significant shifts in global air travel demand due to the pandemic, forecasting a return to 2019 passenger traffic levels by 2024 but 19% lower than previous estimates. Key trends include a shift to smaller aircraft, regionalization, changing passenger behaviors favoring shorter flights, and an emphasis on environmentally efficient aircraft. The report anticipates 4,420 new jet deliveries, primarily in North America and Asia Pacific, along with 1,080 turboprop deliveries, reshaping the commercial aviation landscape.
On November 30, 2020, Embraer S.A. reported a cyberattack impacting its IT systems, traced back to November 25. The breach resulted in unauthorized data disclosure and temporarily made some file access unavailable. The company launched an investigation and isolated certain systems to protect its operations, leading to minor disruptions. Despite these challenges, operations continue through contingency systems without any material impact on business activities. Embraer is committed to investigating the attack and will keep stakeholders informed of developments.
The Hungarian Government has signed a contract with Embraer for the acquisition of two C-390 Millennium multi-mission transport aircraft, configured for air-to-air refueling (AAR). The deal includes training for pilots and technicians and aims to strengthen the Hungarian Defence Forces' capabilities in tactical airlift and medical evacuation. Deliveries are expected to commence in 2023. The KC-390, which will be the world's first with an Intensive Care Unit configuration, enhances Hungary's military operations and is compatible with NATO standards.
OGMA, part of the Embraer Group, has joined Pratt & Whitney's Authorized Maintenance Center network, focusing on GTF (Geared Turbofan) engines. This partnership involves a €74 million investment from OGMA, aiming to create approximately 300 jobs over the next few years. The maintenance project is set to start in 2021 and is projected to boost OGMA's turnover to nearly €600 million annually. The collaboration highlights OGMA's capabilities and Embraer’s strategy to diversify its services in the international aerospace market.
Embraer S.A. (NYSE: ERJ) reported its 3Q20 earnings with challenges due to the COVID-19 pandemic. The company delivered 7 commercial jets and 21 executive jets, maintaining a firm order backlog of US$ 15.1 billion. Adjusted EBIT was US$ (45.3) million, with an EBIT margin of -6.0%. Adjusted net loss reached US$ (148.3) million, translating to an adjusted loss per ADS of (0.81). Free cash flow was negative at US$ (566.5) million, yet liquidity remains solid with US$ 2.2 billion in cash. Financial guidance for 2020 remains suspended amid ongoing uncertainties.
Embraer (NYSE: ERJ) announced the delivery of 28 jets in Q3 2020, comprising 7 commercial and 21 executive aircraft. The total firm order backlog reached USD 15.1 billion as of September 30, 2020. Notable deliveries included the 250th business jet in operation in Latin America and the first Phenom 300E with a new interior. Helvetic Airways committed to convert four orders to the larger E195-E2 aircraft. Overall, Embraer delivered 59 jets in 2020, making significant progress in both commercial and executive aviation sectors.
Embraer S.A. (NYSE: ERJ) announced early results of cash tender offers by its subsidiary, Embraer Netherlands Finance B.V., for up to US$250 million of outstanding 5.150% notes due 2022 and 5.696% notes due 2023. As of the Early Tender Date on September 21, 2020, the total validly tendered amounts exceeded the Maximum Tender Amount, leading to prorating of the 2023 notes. Settlement for the accepted notes occurred on September 23, 2020. The Tender Offers will expire on October 5, 2020, unless extended.
On September 8, 2020, Embraer S.A. (NYSE: ERJ) announced a cash Tender Offer by its subsidiary, Embraer Netherlands Finance B.V., to purchase up to US$250,000,000 in aggregate principal amount of outstanding notes. The offer includes 5.150% notes due 2022 and 5.696% notes due 2023. The Tender Offers will expire on October 5, 2020, with an Early Tender Date of September 21, 2020. Participants who tender by the Early Tender Date will receive an Early Tender Payment. Conditions include the completion of new debt financing.
EMBRAER S.A. (NYSE: ERJ) reported its 2Q20 results, delivering four commercial and 13 executive jets, with a backlog of US$ 15.4 billion. Adjusted EBIT and EBITDA were US$ (140.5) million and US$ (120.4) million, reflecting a decline in commercial aviation. The adjusted net loss was US$ (198.8) million, or US$ (1.08) per ADS. Despite a US$ (476.2) million free cash flow, liquidity remains strong with US$ 2.0 billion in cash. Guidance remains suspended due to COVID-19 uncertainty.
