Key Developments: Embraer SA (EMBR3.SA)
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Latest Key Developments (Source: Significant Developments)
Embraer SA's Jet Chosen by USAF in Partnership with Sierra Nevada Corporation
Embraer SA announced that Embraer Defesa e Seguranca's A-29 Super Tucano jet has been chosen by the US Air Force (USAF) for the LAS program (Light Air Support). The aircraft will be supplied in partnership with Sierra Nevada Corporation (SNC) and will be used for the training missions, aerial reconnaissance and tactical air support. The value of the contract amounts to USD 427 million and includes 20 tactical air support aircrafts, equipment for pilot training, spare parts and logistical support. Full Article
Embraer SA Signs Pool Services Agreement
Embraer SA announced that it signed an agreement with Azul Linhas Aereas Brasileiras SA and TRIP Linhas Aereas for the expansion of pool services to these companies comprising more than 350 pieces for hydraulic, mechanical, pneumatic, and electronic systems. This signing expands this agreement to 20120. Full Article
Embraer SA Issues FY 2013 Net Revenue, EBIT and EBITDA Margin Guidance; Issues FY 2013 Production Guidance
Embraer SA announced that it expects to obtain between USD 5.9 billion and USD 6.4 billion net revenue in the 2013 fiscal year. Moreover, the Company expects to have EBIT margin between 9% and 9.5% and EBITDA margin between 13% and 14%. It also expects to deliver in 2013 fiscal year between 90 and 95 commercial aircrafts, between 80 and 90 light executive jets and between 25 and 30 large executive jets. Full Article
Embraer SA Signs Agreement with Republic Airways
Embraer SA announced that it signed an agreement with Republic Airways for the spare parts Pool program. Embraer will provide support to more than 400 parts, including hydraulic and electrical systems, and engine components for the entire Republic fleet. The value of the program is approximately USD 250 million. Full Article
Embraer SA to Sell 47 Jets Embraer 175 to Republic Airways Holdings Inc
Embraer SA announced that it signed an agreement for the delivery of 47 Embraer 175 jets to Airways Holdings Inc. The agreement also incudes the option to purchase additional 47 jets which would bring the total number of jets to 94 and the total order value to USD 4 billion. Full Article
Embraer SA Establishes Joint-Venture with AgustaWestland
Embraer SA announced that on January 21, 2013 it signed with AgustaWestland, a company controlled by Finmeccanica, a memorandum of understanding for the establishment of a joint-venture in Brazil. The agreement may lead to the production of AgustaWestland helicopters in Brazil, targeted to both the commercial and military market in Brazil and Latin America. Full Article
Embraer SA Receives Order From Ireland's Aldus-Reuters
Reuters reported that Embraer SA said that Irish leasing company Aldus Aviation Limited had ordered 20 regional E-Jets, revealing the buyer that helped boost its backlog for the first time in a year. The value of the deal could rise to $1.56 billion if Aldus exercises its option to acquire an additional 15 aircraft in the E-Jet family, Embraer said in a securities filing. Full Article
Embraer SA Wins BRL 430 Million Contract to Update Brazil Air Force
Embraer SA announced that it signed a contract with Brazil's air force to update the systems of five surveillance aircrafts, a contract estimated to be worth BRL 430 million. Embraer's defense unit will modernize the control and radar systems of five modified versions of its ERJ 145 plane and provide six mission-planning and analysis stations. Full Article
Fuji Dream Airlines Orders Two More EMBRAER 175 Jets from Embraer SA
Embraer SA announced that Fuji Dream Airlines, of Japan, has signed a contract for two EMBRAER 175 jets, in a ceremony held at the headquarters of the airlines’ parent company, Suzuyo Corp in Shimizu, Japan. The total value of the deal is USD 81.6 million, at list price. Both aircraft will be configured in a single-class layout with 84 seats. This order brings the total number of aircraft in the airline's all-E-Jet fleet to eight. Full Article
Embraer SA Announces Q4 2012 Own Capital Interest Payment
Embraer SA announced that on December 6, 2012, it approved the payment of own capital interest for the fourth quarter of fiscal year 2012 totaling BRL 36,450,344.95 and corresponding to BRL 0.05 per share which will be imputed to the obligatory dividend for the fiscal year 2012. Record date is December 17, 2012. Shares will be traded ex-interests as from December 18, 2012. The payment will be initiated on January 11, 2013. Full Article
Embraer books 'milestone' SkyWest deal worth up to $8.3 billion
SAO PAULO - SkyWest Inc , the world's largest regional airline group, agreed to buy at least 40 new jets from Brazilian planemaker Embraer SA , in a deal that could climb to 200 aircraft and a total price tag of more than $8 billion.
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