Porter Airlines Exercises Purchase Rights To Place Firm Order For 25 Embraer E195-E2 Passenger Jets, Adding To Their 50 Existing Firm Orders; Deal Is Valued At $2.1B At List Price
Portfolio Pulse from Benzinga Newsdesk
Porter Airlines has exercised purchase rights for an additional 25 Embraer E195-E2 jets, adding to their existing order of 50 jets. The deal is valued at $2.1 billion at list prices.
November 29, 2023 | 10:25 pm
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Embraer receives a firm order from Porter Airlines for 25 E195-E2 jets, valued at $2.1 billion, which may positively impact Embraer's stock price in the short term.
The firm order from Porter Airlines for an additional 25 jets represents a significant sale for Embraer, likely leading to increased investor confidence and a potential rise in stock price. The size of the deal at $2.1 billion underscores the financial impact and the demand for Embraer's E195-E2 jets, which could be seen as a positive indicator for the company's revenue growth and market position.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100