Brazil's Porter Airlines Places Order For Embraer's E195-E2 Passenger Jets Worth $2.1B
Portfolio Pulse from Shivani Kumaresan
Porter Airlines has placed a firm order for 25 Embraer SA E195-E2 passenger jets, valued at $2.1 billion. This order will be added to Embraer's Q4 backlog, bringing Porter's total orders with Embraer to 75, with 25 purchase rights remaining. Porter plans to use the new jets to expand service across North America. The E195-E2 jets have been well received by Porter, with positive feedback on fuel efficiency and customer satisfaction. Embraer's stock (ERJ) closed higher by 0.98% at $16.46.
November 30, 2023 | 11:15 am
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POSITIVE IMPACT
Embraer SA received a significant order from Porter Airlines for 25 E195-E2 jets, valued at $2.1 billion, which will positively impact its Q4 backlog and reflects continued customer satisfaction with the aircraft's performance.
The firm order from Porter Airlines is a substantial addition to Embraer's backlog and indicates strong market demand for the E195-E2 jets. Positive customer feedback and the expansion of Porter's fleet suggest a favorable outlook for Embraer's business, which is likely to be reflected in investor sentiment and potentially in the short-term stock price movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100