Embraer Inks Pact With China's Lanzhou Aviation For Freight Conversion Deal
Portfolio Pulse from Nabaparna Bhattacharya
Embraer (ERJ) has signed a deal with China's Lanzhou Aviation Industry Development Group to convert 20 E-Jets into freighters. The financial terms were not disclosed. This deal makes Lanzhou the launch customer for Embraer's Passenger-to-Freight (P2F) conversion in China.
June 21, 2023 | 1:53 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Embraer signs a deal with Lanzhou Aviation to convert 20 E-Jets into freighters, expanding its presence in the Chinese market.
The deal with Lanzhou Aviation expands Embraer's presence in the Chinese market and positions the company as a key player in the growing e-commerce and logistics sectors. This partnership could lead to increased demand for Embraer's products and services, potentially driving its stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100