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Embraer SA (EMBR3.SA)

EMBR3.SA on Sao Paolo Stock Exchange

2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Embraer SA consultant says CEO, other top managers knew of bribery - WSJ - Reuters News
Thursday, 17 Mar 2016 07:30am EDT 

Embraer SA:A sales consultant who says he paid bribes on behalf of Embraer told Brazilian prosecutors that he believes the company’s top managers, including Chief Executive Frederico Curado, knew of the illicit payments, which were tied to the sale of military aircraft to Dominican Republic - WSJ.Consultant Elio Moti Sonnenfeld’s cooperation with the prosecutors, which was revealed in official summaries of his statements reviewed by The Wall Street Journal, raises the stakes for Brazil-based Embraer, amid continuing investigations of the alleged bribery scheme.In 2014, prosecutors in Brazil filed a criminal complaint against Mr. Sonnenfeld and eight former Embraer vice presidents, directors and managers, charging them with corruption and money laundering in connection with the scheme, which allegedly spanned 2008 to 2010.In a statement Wednesday, Embraer said it has given authorities its “full cooperation” in the case.Mr. Curado and the company declined to address Mr. Sonnenfeld’s allegations, saying the results of the company’s own investigation of the matter are confidential and have been reported to government investigators.As previously reported, the Brazilian charges were based on evidence provided by U.S. prosecutors and regulators who have been investigating the company since at least 2010.  Full Article

Embraer SA announces Q1 2016 own capital interest payment
Friday, 11 Mar 2016 06:48am EST 

Embraer SA:Says on March 10 it approved own capital interest payment of 0.04 Brazilian reais per share for the first quarter of fiscal year 2016.Record date is March 21.Payment as of April 14.Shares traded ex-interest on BM&FBovespa and NYSE as of March 22.  Full Article

Embraer SA gives FY 2016 guidance
Thursday, 3 Mar 2016 06:41am EST 

Embraer SA:Sees full year 2016 total revenue in the range between $6.0 billion and $6.4 billion.  Full Article

Embraer SA - U.S. to propose safety fixes for certain Boeing, Embraer jets -WSJ - Reuters
Tuesday, 1 Dec 2015 01:56pm EST 

Embraer SA:U.S. aviation regulators are to propose on Monday mandatory inspections and, potentially, the replacement of suspect parts on nearly 1,600 jetliners to prevent serious flight failures, the Wall Street Journal reported - RTRS.The pair of proposed Federal Aviation Administration safety directives are related to certain Boeing Co. BA.N and Embraer SA EMBR3.SA jets and slated to be formally published Monday in the Federal Register, the Journal said in a report published on its website Saturday - RTRS.The directives are unusual because they are each intended to counter a single defect that can result in flight emergencies, the report said - RTRS.The FAA is moving to require U.S. operators of certain versions of the popular Boeing 737 model to check for possible corrosion of attachments for the horizontal stabilizer, part of the tail section - RTRS.Most essential systems on commercial jets have backups, so a single-point failure or malfunction cannot cause a crash, the Journal said - RTRS.But in the documents to be made public on Monday, the FAA says a single defective component type has the potential to immediately end safe flight. - RTRS.The agency is not, however, ordering immediate fixes, which means officials have determined the hazards are not imminent and do not require emergency action, the Journal added - RTRS.  Full Article

Embraer SA sells 19 E175 jets to SkyWest Inc to fly for Delta Air Lines
Wednesday, 21 Oct 2015 09:18am EDT 

Embraer SA:Announced that SkyWest Inc ordered 19 additional E175 jets.The aircraft will be flown by SkyWest Airlines Inc, a wholly-owned subsidiary of SkyWest, under a capacity purchase agreement with Delta Air Lines.Delivery of the first aircraft is expected for Q3 2016.  Full Article

BlackRock Inc reaches 5.18 percent stake in Embraer SA
Wednesday, 14 Oct 2015 07:39am EDT 

Embraer SA:BlackRock Inc reaches 5.18 percent stake in the company.  Full Article

Figeac Aero announces $230 million deal with Embraer
Monday, 12 Oct 2015 12:02pm EDT 

Figeac Aero SA:Selected by Embraer SA regarding E-jets E2 program.Deal value is about $230 million.  Full Article

SkyWest Inc orders form Embraer SA 18 additional E175s to fly as United Express
Tuesday, 15 Sep 2015 08:13am EDT 

Embraer SA:Announced that it had signed a firm order with SkyWest Inc for 18 E175 jets.Order estimated value of $800 million.The aircraft will be operated by SkyWest Airlines under the United Express brand, under an amendment to an existing Capacity Purchase Agreement (CPA) with United Airlines.Delivery of the first aircraft is expected in 2016.  Full Article

Embraer SA announces Q3 2015 own capital interest payment
Friday, 7 Aug 2015 08:00am EDT 

Embraer SA:Says that its board of directors approved own capital interest payment for the third quarter of fiscal year 2015 in the amount of 29.4 million Brazilian reais, or 0.04 reais per share.To be imputed to obligatory dividend for the fiscal year 2015.Record date Aug. 17.Payment as of Oct. 14.Shares traded ex-interest on BM&FBovespa and NYSE as of Aug. 18.  Full Article

Embraer SA reaffirms FY 2015 earnings guidance
Thursday, 30 Jul 2015 06:25am EDT 

Embraer SA:Reiterates FY 2015 EBIT and EBITDA guidance for 2015 at $490 - $ 560 million and $730 - $850 million, respectively.  Full Article

UPDATE 1-Embraer says most Brazil unions agree to 5 pct raise next year

SAO PAULO, Nov 28 Embraer SA said on Monday that unions for workers at most Brazil-based operations approved collective bargaining agreements providing for an average 5 percent pay raise next year, with the exception of one metalworkers union at the aircraft maker's largest factory.