Reported 8 months ago
Embraer is in talks to sell E2 regional jets to Latam Airlines Group SA and Gol Linhas Aereas Inteligentes SA as part of a plan to nearly double annual revenue to $10 billion by 2030, according to Chief Executive Officer Francisco Gomes Neto. The E2 jets will bridge the gap between smaller and larger aircraft for carriers facing supply constraints on bigger planes and aim to enhance connectivity between Brazilian cities. Embraer's shares have surged over 60% this year, and while the company is considering options for a larger narrow-body aircraft, concrete plans are not yet in place as they focus on increasing sales and achieving positive cash flow next year.
Source: YAHOO