|Bid||18.73 x 3100|
|Ask||18.74 x 800|
|Day's Range||18.61 - 18.91|
|52 Week Range||15.86 - 21.48|
|Beta (5Y Monthly)||-0.19|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.04 (0.21%)|
|Ex-Dividend Date||Dec 26, 2018|
|1y Target Est||22.98|
Brazilian planemaker Embraer is in the advanced stages of studying the launch of a new turboprop aircraft to be developed through a venture it is planning with Boeing, subject to necessary approvals, a top executive said on Monday. The aircraft would be in the same size range or even larger than the 70-seat ATR-72, a Franco-Italian aircraft that currently dominates the market, Embraer Commercial Aviation Chief Executive John Slattery told Reuters. "It sits in our target market, which we have always been clear is below 150 seats, and will have natural adjacency to the E2 offering," he said, referring to Embraer's family of 80-120-seat regional jets.
Bombardier, which sold control of the A220 narrowbody jet to Airbus in 2018 as part of a long-running drive to put it on a solid financial footing, said the venture needed more investment and might be subject to a writedown during fourth quarter results next month.
EmbraerX, a subsidiary of Brazilian aircraft maker Embraer, and drone startup Elroy Air have agreed to collaborate on developing Elroy's Chaparral, an unmanned, hybrid electric vertical takeoff and landing (VTOL) cargo aircraft. The Chaparral system will be capable of flying up to 300 miles to deliver 500 pounds of cargo and will feature autonomous cargo loading and unloading, according to Elroy Air. Elroy Air CEO Dave Merrill said his company intends to open a new chapter for the logistics market with point-to-point autonomous aerial cargo systems.
A Boeing 737 NG jet operated by Ukraine International Airlines crashed in Iran early Wednesday. It’s a tragic event, but it isn’t connected with the troubles that have led to the grounding of the 737 MAX jet.
With the easing cycle petering out, investors will have trouble beating 2019 returns in EM bonds. The answer: juice up returns with more exotic sovereigns that pay above the odds.
In the context of the Material Fact disclosed on January 24, 2019, whereby Embraer S.A. ("Company" or "Embraer") informed the execution of certain agreements with respect to the strategic partnership between the Company and The Boeing Company ("Boeing") ("Transaction"), as well as of the Material Fact disclosed on October 3, 2019, the Company informs its shareholders and the market that, on the date hereof, the internal carve-out of the Company's commercial aviation business was implemented by means of the contribution by Embraer, to the capital stock of Yaborã Indústria Aeronáutica S.A., of the net assets comprising assets, liabilities, properties, rights and obligations related to Embraer's commercial aviation business unit.
As Boeing's new boss tackles the immediate crisis over its grounded 737 MAX jet, he also faces pressing questions from European regulators over a deal to buy the commercial arm of Brazil's Embraer - seen as key to its longer-term strategy. European Union regulators investigating the $4.2 billion tie-up have asked for more than 1.5 million pages of information and data on over 20 years of sales campaigns, two sources familiar with the matter told Reuters. The volume of requests highlights the European Commission's concerns over a deal it suspects would reduce the number of major participants in the global jet market from three to two, the sources said, speaking on condition of anonymity.
Brazil's planemaker Embraer S.A. said it is studying the development of a new light military transport plane together with the Brazilian Air Force, the company said in a statement on Thursday. Embraer said it is looking to identify the Brazilian Air Force's requirements in the Amazon region and explore the potential application of new technologies such as hybrid-electric propulsion.
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the third quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
Embraer and Congo Airways have signed a firm order for two E175 aircraft, with purchase rights for a further two. The deal has a total value of USD 194.4 million at current list prices with all purchase rights exercised, and will be added to Embraer's 2019 fourth quarter backlog.
Brazilian planemaker Embraer SA said on Tuesday it has signed a contract worth $194.4 million with Congo Airways for the delivery of two E175 jets, with the option for another two planes of the same model. The agreement for the 76-seater planes will be part of Embraer's fourth quarter order book, and deliveries are expected to begin in the fourth quarter of 2020, Embraer said in a securities filing.
An association representing minority investors in Brazil is lobbying European antitrust regulators to spike a deal between planemakers Embraer SA and Boeing Co, calling it a killer acquisition. Aurelio Valporto, the head of minority investor association Abradin, said the European Commission should block Boeing's proposed $4.2 billion purchase of 80% Embraer's commercial passenger jet division or demand hefty concessions.
An association representing minority investors in Brazil is lobbying European antitrust regulators to spike a deal between planemakers Embraer SA and Boeing Co , calling it a killer acquisition. Aurelio Valporto, the head of minority investor association Abradin, said the European Commission should block Boeing's proposed $4.2 billion purchase of 80% Embraer's commercial passenger jet division or demand hefty concessions. "What will be left from Embraer won't survive, and even if it was possible to survive, Embraer wouldn't be able to produce any aircraft with 50 passengers or more," Valporto said in an interview late on Wednesday, arguing that Embraer and Boeing planes compete in the marketplace.
EU antitrust regulators should block Boeing's $4.2 billion purchase of Embraer's commercial passenger jet division or demand hefty concessions, the head of Brazilian investor group Abradin said, calling it a killer acquisition. Aurelio Valporto complained about the deal to the European Commission two months ago, saying it created hurdles to competition in the Brazilian aerospace industry, and on Wednesday took his grievance to Brazil's antitrust watchdog CADE. Boeing is buying 80% of Embraer's commercial jets division, its most profitable, to compete directly with Airbus in the market for planes with fewer than 150 seats.
** Rivulet Capital, a large investor in Instructure Inc said it will resist the U.S. educational software company's plan to sell itself to private equity firm Thoma Bravo for $2 billion, calling the deal too cheap and too hurried. ** Mexican broadcaster Grupo Televisa has won a federal injunction against Walt Disney Co's acquisition of Twenty-First Century Fox Inc's assets in Mexico, a Televisa representative said, a move that could at least temporarily stall the deal. ** Brazilian wireless carrier TIM Participações SA will consider acquiring the mobile unit of its struggling rival OI SA if it is put up for sale, Chief Executive Pietro Labriola said.
A Brazilian group representing minority investors filed a complaint on Tuesday with Brazil's antitrust watchdog CADE against the Embraer-Boeing deal. The head of the Abradin group, Aurelio Valporto, said it asked for an investigation of the deal. Abradin also filed a complaint with the European Commission two months ago arguing that the acquisition of Embraer SA's commercial division by Boeing Co creates hurdles to competition in the Brazilian aerospace industry.
Curtiss-Wright's (CW) acquisition of 901D Holdings is likely to be accretive to its 2020 adjusted diluted earnings per share and produce a free cash flow conversion rate in excess of 100%.
The Puget Sound region may need not one, but potentially several, new airports to cope with its surging aviation growth, says the Puget Sound Regional Council's Josh Brown, who is leading a deep-dive study on the issue.