Tag: Embraer

• Tuesday, July 25th 2023 - 08:25 UTC

  Brazilian plant to manufacture flying cars

  

  Electric horizontal vertical takeoff and landing vehicles with room for up to five people are to be manufactured by Ever Air Mobility's plant 145 kilometers from the city of São Paulo, Embraer announced. The first deliveries of the so-called “flying cars” are due in 2026.

• Wednesday, June 21st 2023 - 04:35 UTC

  Brazil sells 11 Embraer E-175 to Alaska Airlines and partially finances the operation

  

  The Brazilian Development Bank (BNDES) has granted financing of R$1.3 billion for the export of eleven Embraer E-175 commercial jets to Alaska Airlines, the fifth largest airline in the USA. The funding will cover a portion of Alaska’s investment in the aircraft purchase. Disbursements will be made in Brazilian Reais in Brazil, directly to Embraer.

• Tuesday, November 8th 2022 - 20:33 UTC

  Embraer remains on course with delivery of 33 aircraft in Q3

  

  Brazilian aircraft manufacturer Embraer delivered 33 units in the third quarter of 2022 despite problems in the production chain, it was reported. So far this year, 79 aircraft came out, 27 commercial and 52 executive ones, against 86 in the same period of 2021.

• Monday, August 16th 2021 - 06:53 UTC

  Embraer shares soar as Brazilian aircraft manufacturer shows profits

  

  Stock of Brazilian aircraft manufacturer Embraer went up as the company showed profits last week worth R $ 438.1 million (US $ 87.9 million) despite the pandemic's impact on the airline industry.

• Thursday, August 6th 2020 - 09:24 UTC

  Brazil's aircraft manufacturer Embraer, reports losses of US$ 315 million

  

  Brazilian aircraft manufacturer Embraer reported second-quarter losses of US$ 315 million on Wednesday, as sales plunged due to the coronavirus pandemic and a proposed joint venture with Boeing collapsed.

• Saturday, July 4th 2020 - 07:32 UTC

  Brazil's Embraer union files lawsuit against the company's board over the collapsed deal with Boeing

  

  A union representing workers at planemaker Embraer filed a lawsuit on Friday seeking to dismiss the company's board, after a US$4.2 billion deal with Boeing Co collapsed amid the pandemic, leaving the Brazilian jet-maker scrambling for a new path forward.

• Monday, June 1st 2020 - 07:48 UTC

  Brazil's plane manufacturer Embraer expects to obtain a US$ 600 million credit from government

  

  Brazilian plane manufacturer Embraer SA, the world's third-largest commercial jet builder, should obtain US$600 million in credit lines from Brazil's state development bank BNDES and private banks in June, government sources said on Sunday.

• Saturday, May 30th 2020 - 08:38 UTC

  Boeing dumped Embraer but the Brazilian plane maker has suitors from China, Russia and India

  

  Aircraft makers are circling Brazil’s Embraer weeks after Boeing ditched plans for a historic commercial aviation tie-up, people familiar with the matter said. Boeing axed plans to buy 80% of Embraer’s commercial unit in April, ending a planned move into regional jets that mirrored rival Airbus’ purchase in 2018 of a competing model developed by Canada’s Bombardier.

• Monday, April 27th 2020 - 07:45 UTC

  Collapse of Boeing deal plunges Brazilian plane maker Embraer into an uncertain future

  

  Brazilian planemaker Embraer SA has been thrust into an uncertain future with no immediate plan B, while not ruling out seeking a bailout after Boeing Co jettisoned a US$ 4.2 billion commercial aerospace tie-up amid the coronavirus crisis.

• Monday, March 9th 2020 - 07:49 UTC

  Germany's Thyssen and Embraer to build four frigates for the Brazilian Navy

  

  A consortium formed by Germany's Thyssenkrupp AG and Brazilian plane maker Embraer SA signed a deal to deliver four frigates to Brazil's navy between 2025 and 2028, the companies said in a statement.