EMBR3.SA - Embraer S.A.
| Previous Close | 18.08 |
| Open | 17.91 |
| Bid | 17.82 x 0 |
| Ask | 17.83 x 0 |
| Day's Range | 17.71 - 18.00 |
| 52 Week Range | 16.95 - 23.09 |
| Volume | 2,284,100 |
| Avg. Volume | 2,481,001 |
| Market Cap | 13.099B |
| Beta (3Y Monthly) | -0.26 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.26 |
| Earnings Date | Nov 12, 2019 |
| Forward Dividend & Yield | 0.13 (0.72%) |
| Ex-Dividend Date | 2018-12-27 |
| 1y Target Est | 25.12 |
- Bloomberg
EU Stops the Clock on Review of Boeing Deal With Embraer
(Bloomberg) -- European regulators halted their in-depth antitrust probe into Boeing Co.’s plan to invest in Embraer SA, saying they hadn’t received sufficient information from the planemakers.The European Commission has been investigating the venture, warning that the deal could remove Embraer as the third-largest global competitor to both Boeing and Airbus SE, which “may therefore result in higher prices and less choice.” The commission, one of the world’s toughest merger regulators, said Monday that it “stopped the clock” and a review can only be restarted once it gets the answers it needs.The heightened scrutiny puts new pressure on Boeing’s plan to take an 80% stake in a venture controlling Embraer’s commercial airplane and services businesses. The move, which would broaden Boeing’s reach into the regional-jet market by giving it access to Embraer’s E-Jet family, is intended to position the two companies to better compete with Airbus, which last year took control of Bombardier Inc.’s C Series aircraft -- now known as the A220.“Parties must supply the necessary information for the investigation in a timely fashion,” a spokeswoman for the regulator said Monday in a statement. “Failure to do so will lead the commission to stop the clock.”Regulators said last month that they didn’t see any potential rivals from China, Japan or Russia that would be able to replicate Embraer’s competition with Airbus and Boeing within the next five or 10 years. They also flagged concerns that the American aircraft maker and Embraer compete head-to-head for 100-150 seat aircraft, with the Brazilian company a “small but important competitive force” for bigger 100-225 seat aircraft.A Boeing representative said the two firms “continue to co-operate with the European Commission as they assess our transaction and look forward to a positive resolution.”The commission had initially set a Feb. 20 deadline for a ruling on the deal and then extended its timing by a further 10 days until March 5, before the review was suspended. Boeing and Embraer, which had already shifted their target for completing the transaction to early 2020 from this year, have said they expected additional scrutiny once the EU’s initial inquiry ended Oct. 4.(Updates with Boeing comment in sixth paragraph.)To contact the reporter on this story: Jonathan Browning in London at jbrowning9@bloomberg.netTo contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- PR Newswire
Material Fact - Embraer S.A.
SÃO JOSÉ DOS CAMPOS, Brasil, Nov. 7, 2019 /PRNewswire/ -- Embraer S.A. ("Embraer") hereby informs its shareholders and the market in general that the members of its Board of Directors, at meetings held on November 7, 2019, elected Antonio Carlos Garcia as Embraer's new chief financial officer and investor relations officer, in substitution to Nelson Krahenbuhl Salgado, who will serve as Embraer's chief operations officer. The aforementioned changes will be effective as of January 1, 2020 and Mr. Salgado will remain in his current position as Chief Financial Officer and Investor Relations Officer until January 1, 2020.
- American City Business Journals
Former Boeing exec named chairman of billionaire's electric plane venture
Eviation, maker of the Alice regional electric airplane, unveiled its first commercial contract with Cape Air this summer, and flight tests at Moses Lake in 2020.
- American City Business Journals
Mitsubishi Aircraft loses order from big regional US airline group
Trans States Holdings won't say whether the regional airline group is in talks for a fresh order involving Mitsubishi's SpaceJet M100.
- PR Newswire
Embraer delivers 17 Commercial and 27 Executive Jets in 3Q19
SÃO JOSÉ DOS CAMPOS, Brazil , Oct. 31, 2019 /PRNewswire/ -- Embraer (NYSE: ERJ; B3: EMBR3;) delivered a total of 44 jets in the third quarter of 2019 (3Q19), of which 17 were commercial aircraft and 27 ...
- Moody's
JetBlue Airways Corp. -- Moody's rates JetBlue's 2019-1 EETC: Class AA at Aa3, Class A at A2
Moody's Investors Service ("Moody's") has assigned ratings to JetBlue Airways Corp.'s ("JetBlue") Pass Through Certificates, Series 2019-1 that the company announced earlier today: $588.685 million Class AA with a legal final maturity of November 15, 2033 at Aa3 and $183.570 million Class A with a legal final maturity of November 15, 2029 at A2 (together, "the Certificates"). The Certificates' proceeds will finance 25 Airbus A321-200ceo (current engine option) narrow-body aircraft delivered new to JetBlue between February 2017 and December 2018. JetBlue's Ba1 Corporate Family Rating ("CFR") and stable outlook are unaffected by today's rating assignments.
- Insider Monkey
Are Hedge Funds Right About Dumping Embraer SA (ERJ)?
Before we spend days researching a stock idea we like to take a look at how hedge funds and billionaire investors recently traded that stock. Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by more than 10 percentage points since the end of the third quarter of 2018. This means hedge funds […]
- American City Business Journals
Business jet sale forecast dips, but the market is still worth billions
Boeing and other jet makers are battling for dominance in a business jet market worth hundreds of billions over the next decade, a new forecast by Honeywell states.
- Reuters
Bombardier unveils revamped small business jet to compete with Embraer
Bombardier on Monday unveiled its revamped Liberty Learjet 75 corporate plane, betting that extra legroom and a lower price tag would help the Canadian company beat back competition from Embraer SA's market leading model. Bombardier and Embraer are both turning to their corporate jet divisions for growth after shedding control of their commercial aviation programs. "It's more space, and more performance (than competitors) with similar cost and operating cost," Mischa Loeffler, manager for product planning at Bombardier Aviation told Reuters at Monday's unveiling of a mock-up model of the plane for the news media.
- American City Business Journals
Mitsubishi rival to Boeing-Embraer regional jet venture faces new delays
Mitsubishi Aircraft opened its U.S. corporate headquarters in Renton this spring and is flight-testing SpaceJet aircraft in Eastern Washington.
- PR Newswire
Embraer signs USD 1.4 billion business jet deal with Flexjet, which becomes the Praetor Fleet Launch Customer
LAS VEGAS, Oct. 21, 2019 /PRNewswire/ -- Embraer announced today a purchase agreement with Flexjet, a global leader in private jet travel. The deal comprises a fleet of Embraer business jets, which includes the recently certified Praetor jets and the Phenom 300. The announcement was made during a press conference at the 2019 National Business Aviation Association's Business Aviation Convention and Exhibition (NBAA-BACE), which is being held through October 24, in Las Vegas, Nevada.
- Reuters
Embraer lands $1.4 billion corporate plane order as business jet show kicks off
Deals kicked off on Monday ahead of the world’s largest business jet show, led by a $1.4 order for aircraft from Brazil's Embraer SA while rivals touted recent improvements in flight ranges and aftermarket services. Michael Silverstro, chief executive of fractional aircraft ownership provider Flexjet, announced a firm order for 64 Embraer business jets, including a mix of the planemaker's mid-size and super mid-sized Praetor aircraft. The announcement came ahead of the biggest business jet show anywhere around the globe.
- American City Business Journals
Boom Supersonic hires Embraer veteran to boost global jet sales
Boom said its hiring of an Embraer sales veteran is intended to signal to the airline world that its supersonic Overture jet is entering a new phase of development.
- Reuters
Left-wing Brazil political party sues to block Boeing-Embraer deal
A left-wing political party on Wednesday filed a lawsuit to block the sale of 80% of Brazilian planemaker Embraer SA's commercial jet division to Boeing Co for $4.2 billion (3.3 billion pounds), arguing it will harm Brazil's sovereignty. The deal, which would position Boeing to compete more directly with Airbus SE in the market for mid-sized passenger planes, has faced significant left-wing opposition largely because Embraer is seen as a strategic company for Brazil's national security. The government has authorized the deal and Embraer's shareholders are all for it.
- Reuters
New Swiss A220 jet engine failure forces checks
PARIS/ZURICH (Reuters) - U.S. engine maker Pratt & Whitney faces new checks on engines for small jetliners after an engine failure forced a Geneva-bound Swiss jet to divert to Paris and prompted a brief grounding of the rest of the airline's Airbus A220 fleet. French air crash investigators classified the problem that disrupted the Swiss flight shortly after departure from London Heathrow on Tuesday as a "serious incident" and said it would be investigated by the U.S. National Transportation Safety Board. It was the third engine incident involving the same airline and model of jet in as many months and resulted in a small amount of debris being scattered as the aircraft landed at Paris Charles de Gaulle, an airport source told Reuters.
- Reuters
UPDATE 2-New Swiss A220 jet engine failure forces checks
PARIS/ZURICH, Oct 15 (Reuters) - U.S. engine maker Pratt & Whitney faces new checks on engines for small jetliners after an engine failure forced a Geneva-bound Swiss jet to divert to Paris and prompted a brief grounding of the rest of the airline's Airbus A220 fleet. It was the third engine incident involving the same airline and model of jet in as many months and resulted in a small amount of debris being scattered as the aircraft landed at Paris Charles de Gaulle, an airport source told Reuters. Swiss, owned by Germany's Lufthansa, said after Tuesday's incident it had initially grounded its fleet of Airbus A220 jets for a "comprehensive inspection" of their engines.
- Reuters
UPDATE 1-New Pratt engine checks after Swiss A220 diverts to Paris
PARIS/VIENNA, Oct 15 (Reuters) - Pratt & Whitney recommended checks on engines on Airbus A220 aircraft and some Embraer jets after a Geneva-bound Swiss jet diverted to Paris with an engine problem, prompting the grounding of the rest of the airline's A220 fleet. French air accident investigators classified the problem that disrupted the Swiss flight shortly after departure from London Heathrow as a "serious incident" and said it would be investigated by the U.S. National Transportation Safety Board. Swiss, owned by Germany's Lufthansa, said it had grounded its fleet of 29 Airbus A220 jets for a review of their engines.
- Reuters
Pratt & Whitney seeks checks on two engine types
U.S. jet engine maker Pratt & Whitney said it had recommended additional checks on engines powering Airbus A220 and some Embraer E2 passenger jets after recent engine incidents. "Pratt & Whitney and our airframe OEMs (manufacturers), working in coordination with the regulatory authorities, have recommended additional inspections of the low-pressure compressor for PW1500G and PW1900G engines to keep the fleet operational," a spokesman said. "The engines continue to meet all criteria for continued airworthiness.
