Reported 8 months ago
Embraer is heading to the Farnborough Airshow with record-high shares, fueled by recent orders indicating strong demand for new planes. The Brazilian planemaker's shares have surged nearly 70% this year, with hopes high for major orders at the upcoming industry event. Embraer secured a significant order for E2 jets, boosting its firm orders backlog. Market analysts predict continued growth for Embraer considering the current aircraft shortage faced by airlines. The company's available production slots could help fulfill short-term growth plans for carriers and could potentially penetrate the U.S. regional market with its E2 aircraft.
Source: YAHOO