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☆ Boeing chief strategy officer to depart in 2024 as part of restructuring
▼ + stars: | 2023-11-16 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

A Boeing logo is seen at the company's technology and engineering center in Sao Jose dos Campos, Sao Paulo state, Brazil October 10, 2023. REUTERS/Gabriel Araujo/File Photo Acquire Licensing RightsWASHINGTON, Nov 16 (Reuters) - Marc Allen will step down as Boeing's (BA.N) chief strategy officer at the end of the year and leave the company in 2024 as the U.S. planemaker pares down its strategy arm. In a letter to employees on Thursday, Boeing CEO David Calhoun said the U.S. planemaker will not fill the chief strategy officer role going forward. Boeing will shrink its strategy and corporate development organization and instead have "strategy teams directly joining the business units they support," Calhoun said. Chief Financial Officer Brian West and Mike D’Ambrose, the company's top human resources official, will create a realignment plan for the strategy unit over the next month, Calhoun said.

Persons: Sao Jose dos Campos, Gabriel Araujo, Marc Allen, planemaker, David Calhoun, Calhoun, Brian West, Mike D’Ambrose, Allen, Valerie Insinna, Tim Hepher, Chris Reese, Bill Berkrot Organizations: Boeing, REUTERS, Rights, Embraer, EMBR3, Airbus, Thomson Locations: Sao Jose, Sao Paulo state, Brazil, U.S, China

☆ Embraer maintains 2023 outlook but deliveries seen at low end of guidance
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

An Embraer logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. Embraer earlier in the day reported third-quarter adjusted net income of $32.9 million, up 34% from a year earlier, with net revenue jumping 38% in the period to $1.28 billion. Embraer delivered 43 aircraft in the quarter that ended in September, up 30% from the same period of 2022, including 15 commercial and 28 executive jets. CEO Francisco Gomes Neto told Reuters last month that the firm was confident it would meet its outlook for aircraft deliveries in 2023, seen growing by about a quarter, and expects to be able to maintain that pace next year. ($1 = 4.9007 reais)Reporting by Gabriel Araujo; Editing by Louise Heavens, David Goodman, Chizu Nomiyama and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Antonio Carlos Garcia, Garcia, TD Cowen, Cai von Rumohr, Francisco Gomes Neto, Gabriel Araujo, Louise Heavens, David Goodman, Chizu Nomiyama, Jan Harvey Organizations: Embraer, European Business Aviation Convention, REUTERS, SAO PAULO, EMBR3, Boeing, Airbus, Reuters, Thomson Locations: Geneva, Switzerland

☆ Brazil's Embraer posts 34% profit jump, maintains outlook
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

An Embraer logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsSAO PAULO, Nov 6 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) on Monday reported a third-quarter adjusted net income of $32.9 million, up 34% from a year earlier, and reiterated its outlooks for the full year despite ongoing supply chain issues. "We have a big challenge for deliveries in the fourth quarter, but as we demonstrated in the fourth quarter of 2022, we are prepared for it," Chief Financial Officer Antonio Carlos Garcia told a conference call with analysts. Embraer's net revenue jumped 38% in the third quarter to $1.28 billion, the firm said, noting it managed to post double-digit revenue growth across all its four units - which also include defense & security and services & support. ($1 = 4.9007 reais)Reporting by Gabriel Araujo Editing by Louise Heavens, David Goodman and Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Antonio Carlos Garcia, Francisco Gomes Neto, Gabriel Araujo, Louise Heavens, David Goodman, Chizu Organizations: Embraer, European Business Aviation Convention, REUTERS, SAO PAULO, EMBR3, Boeing, Airbus, Reuters, Thomson Locations: Geneva, Switzerland

☆ American Airlines orders four Embraer E175s for Envoy Air
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +3 min

American's previous deal for seven E175s, announced in June, underscored a U.S. regional aviation market recovering from rough years marked by the COVID-19 pandemic. "We maintain our optimistic view on Embraer, and believe that 2024-25 could translate into a period of a solid pipeline of deliveries." The order will take Envoy Air's fleet of E-Jets to more than 150 aircraft by the end of next year, Embraer said. The United States is the main market for the first-generation E-Jets, which Embraer dubs "the backbone" of that country's regional network. Last month, Embraer also announced a firm order for five E175s from Nigeria's Air Peace.

Persons: planemaker, Air's, Pedro Fabregas, Luxembourg's, Aerolineas Argentinas, Francisco Gomes Neto, Gabriel Araujo, Steven Grattan, Brad Haynes, Jonathan Oatis Organizations: Embraer, Reagan, SAO PAULO, American Airlines, EMBR3, Air, E1s, Santander, Jets, U.S, Nigeria's, JPMorgan, Reuters, Thomson Locations: U.S, Washington , U.S, United States

[1/2] A Boeing logo is seen at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 18, 2023. The move comes more than three years after it pulled out of a billion-dollar deal to buy the commercial division of local planemaker Embraer (EMBR3.SA). Boeing sees both firms aligned in the goal of developing Brazil's aerospace ecosystem. Boeing's expansion in the South American nation led two domestic defense and aerospace industry groups to sue the U.S. company for hiring local talent, a move they see harming Brazil's industry. Both groups have Embraer as a member,Boeing defended its move, saying its presence will boost Brazil's aerospace ecosystem.

Persons: Benoit Tessier, DOS CAMPOS, Brendan Nelson, Nelson, Sao Jose dos Campos, We're, Landon Loomis, Gabriel Araujo, David Gregorio Our Organizations: Boeing, Paris, REUTERS, SAO, DOS, Embraer, EMBR3, Reuters, SAF, GOLL4, U.S ., America & Caribbean, Thomson Locations: Le Bourget, Paris, France, Brazil, U.S . Brazil, Sao Jose, Sao Paulo, American, U.S, America

☆ Metalworkers suspend strike at Embraer plant in Brazil
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +2 min

A view of a miniature airplane at the assembly line of the Embraer aircraft factory in Sao Jose dos Campos, Brazil, May 30, 2022. Sindmetal said it would pitch a new strike with workers on another shift at 3 p.m. local time (1800 GMT). The metalworkers had voted to go on strike early on Tuesday, saying they had rejected a wage offer from the company. According to the union, they had warned Embraer of the potential strike on Sept. 26 but the wage proposal was not sweetened. Negotiations between FIESP and the unions continue," Embraer said, adding that its other factories are also operating normally.

Persons: Sao Jose dos Campos, Carla Carniel, dos Campos, Sindmetal, metalworkers, FIESP, Gabriel Araujo, Andre Romani, Steven Grattan, Lisa Shumaker 私 Organizations: Embraer, REUTERS, SAO PAULO, Local, Boeing, Airbus Locations: Sao Jose, Brazil, SA, FIESP

☆ Vietnam interested in trade deal with Mercosur, says Brazil's Lula
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +2 min

[1/3] Brazil's President Luiz Inacio Lula da Silva greets Vietnam's Prime Minister Pham Minh Chinh during a news statement at the Itamaraty Palace in Brasilia, Brazil September 25, 2023. The move comes as the Mercosur bloc tries to finalize a long-awaited trade deal with the European Union, which the leftist leader has been pushing to be concluded by the end of this year. Canada, South Korea and Singapore are other countries in talks for trade deals with Mercosur. Lula had previously hinted at potential agreements with China, Indonesia, Vietnam and countries in Central America and the Caribbean. A memorandum of understanding on defense, Lula added, was the "first step" towards a future deal that would open room for his country to export defense products to the Asian nation, "including aircraft".

Persons: Luiz Inacio Lula da Silva, Pham Minh Chinh, Adriano Machado, Lula, Pham Minh, Minh Chinh, Vietnam's, Minh, Lisandra Paraguassu, Steven Grattan Organizations: Vietnam's, REUTERS, Rights, Mercosur, Vietnamese, European Union, EU, Saturday, Brazilian, Embraer, EMBR3, United Nations Security Council, Thomson Locations: Brasilia, Brazil, Rights BRASILIA, Vietnam, Argentina, Paraguay, Uruguay, Canada, South Korea, Singapore, China, Indonesia, Central America, Caribbean, Sao Paulo, Hanoi

☆ Austria taps Embraer's C-390 aircraft to replace retiring C-130 fleet
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Johanna Geron/File Photo Acquire Licensing RightsVIENNA/SAO PAULO, Sept 20 (Reuters) - Austria plans to replace its retiring C-130 Hercules fleet with Embraer's (EMBR3.SA) C-390 Millenium military transport aircraft, the country's Defence Minister Klaudia Tanner said on Wednesday. Austria is aiming to buy about four aircrafts and is negotiating with the Netherlands on a potential joint order, Tanner told a news conference. Aside from an order for 19 C-390 aircrafts from the Brazilian Air Force, Portugal has ordered five and Hungary has requested two. Analysts at JPMorgan calculated that including the prospective orders from Austria and The Netherlands, the aircraft's potential lifetime sales stand at 35 units, 28 of which are still to be delivered. Shares in Embraer rose 2.85% in early trading on the Brazilian stock exchange, outperforming the Bovespa stock index (.BVSP), which rose 0.8%.

Persons: Klaudia Tanner, Johanna Geron, Tanner, JPMorgan, Francois Murphy, Peter Frontini, Andrew Heavens Organizations: Austria's Defence, Foreign Affairs, Defence, REUTERS, Rights, SAO PAULO, country's Defence, Embraer, Brazilian Air Force, KC, JPMorgan, Sao Paulo, Thomson Locations: Ukraine, Brussels, Belgium, Rights VIENNA, Austria, Netherlands, Portugal, Hungary, Czech Republic, South Korea, India, Sweden, The Netherlands, Vienna, Sao

☆ Russia says it foiled major Ukrainian drone attack
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Dado Ruvic/Illustration/file photo Acquire Licensing RightsAug 30 (Reuters) - Russia said it foiled one of the biggest Ukrainian drone attacks to date on western Russia on Wednesday, shooting down unmanned aircraft over at least six regions, and destroyed a Ukrainian naval attack on the annexed Crimean peninsula. Russian military aircraft were damaged and civilian aviation was disrupted in the drone attacks, said Russian officials, citing Pskov, Bryansk, Kaluga, Orlov, Ryazan and Moscow regions as targeted. Ukraine, which has yet to achieve a major success in its summer ground counteroffensive, has struck deep into Russia in recent months, including an attack on the Kremlin in May and numerous drone attacks on civilian targets in Moscow. Russia said Ukrainian drones tried to attack a TV tower over the Bryansk region. A Russian aircraft also destroyed four Ukrainian fast-attack boats carrying up to 50 paratroopers in an operation on the Black Sea, the military said.

Persons: Dado Ruvic, Vitali Klitschko, Antony Blinken, Blinken, Yevgeny Prigozhin, Wagner, Vladimir Putin's, Karine Jean, Pierre, Putin, Stephen Coates, Guy Faulconbridge, Michael Perry Organizations: REUTERS, Kremlin, Pskov's, Tass, Civilian, TASS, Reuters, Russia, Embraer, Washington White House, Brazil's, EMBR3, Thomson Locations: Ukraine, Russia, Crimean, Pskov, Bryansk, Kaluga, Orlov, Ryazan, Moscow, Ukrainian, Estonia, Latvia, Estonian, Moscow's Vnukovo, Russian, Kyiv, St Petersburg, Prigozhin, SA

☆ Kremlin says Prigozhin plane may have been downed on purpose
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +4 min

A view shows a framed photo of Russian mercenary chief Yevgeny Prigozhin at his grave at the Porokhovskoye cemetery in Saint Petersburg, Russia, August 30, 2023. "It is obvious that different versions are being considered, including the version - you know what we are talking about – let's say, a deliberate atrocity," Kremlin spokesman Dmitry Peskov told reporters when asked about the investigation. The Kremlin has rejected as an "absolute lie" the suggestion by some Western politicians and commentators - for which they have not provided evidence - that Putin ordered Prigozhin to be killed in revenge. Followers of Prigozhin laid flowers, messages and poetry at his grave on Wednesday, hailing him as a fearless warrior. In life, Prigozhin liked to brag that he was one of the world's most feared mercenaries with the best fighting force.

Persons: Yevgeny Prigozhin, Stringer, –, Dmitry Peskov, Peskov, Prigozhin, Wagner, Vladimir Putin's, Putin, Joe Biden, Guy Faulconbridge, Mark Trevelyan Organizations: REUTERS, International Civil Aviation Organization, Embraer, St, Reuters, EMBR3, United State, Thomson Locations: Saint Petersburg, Russia, MOSCOW, St Petersburg, Moscow, Rostov, Vladimir Putin's Russia, SA, Russian, Ukraine

A cameraman films wreckage of the private jet linked to Wagner mercenary chief Yevgeny Prigozhin near the crash site in the Tver region, Russia, August 24, 2023. U.S. aviation safety consultant and former investigator John Cox said an internal Russian investigation would always be questioned without the participation of Brazil, the country where the plane was manufactured. "I think it hurts the transparency of the Russian investigation." In air crash investigations, experts work to improve aviation safety without assigning blame, but probes are often tainted by political interests. Jeff Guzzetti, a former U.S. air crash investigator, said Russia should accept assistance from Brazil, even if CENIPA can only participate remotely.

Persons: Wagner, Yevgeny Prigozhin, Marina, Prigozhin, Vladimir Putin's, Marcelo Moreno, John Cox, Cox, CENIPA, Jeff Guzzetti, Allison Lampert, Gabriel Araujo, Valerie Insinna, Denny Thomas, Grant McCool Organizations: REUTERS, SAO PAULO, Embraer, EMBR3, Reuters, Wagner Group, Brazil's Center for Research, Aeronautical, United Nations International Civil Aviation Organization, Interstate Aviation Committee, Accident Investigation, U.S ., Convention, International Civil Aviation, Thomson Locations: Tver, Russia, MONTREAL, SA, Moscow, Russian, Ukraine, Montreal, St Petersburg, Brazil, U.S, Sao Paulo, Washington

Brazil's Center for Research and Prevention of Aeronautical Accidents (CENIPA), in the interests of improving aviation safety, had said it would join a Russian-led investigation if it were invited and the probe held under international rules. U.S. aviation safety consultant and former investigator John Cox said an internal Russian investigation would always be questioned without the participation of Brazil, the country where the plane was manufactured. "I think it hurts the transparency of the Russian investigation." In air crash investigations, experts work to improve aviation safety without assigning blame, but probes are often tainted by political interests. Jeff Guzzetti, a former U.S. air crash investigator, said Russia should accept assistance from Brazil, even if CENIPA can only participate remotely.

Persons: Wagner, Yevgeny Prigozhin, Anton Vaganov, Prigozhin, Vladimir Putin's, Marcelo Moreno, John Cox, Cox, CENIPA, Jeff Guzzetti, Allison Lampert, Gabriel Araujo, Valerie Insinna, Denny Thomas, Grant McCool Organizations: Police, REUTERS, SAO PAULO, Embraer, EMBR3, Reuters, Wagner Group, Brazil's Center for Research, Aeronautical, United Nations International Civil Aviation Organization, Interstate Aviation Committee, Accident Investigation, U.S ., Convention, International Civil Aviation, Thomson Locations: Tver, Russia, MONTREAL, SA, Moscow, Russian, Ukraine, Montreal, St Petersburg, Brazil, U.S, Sao Paulo, Washington

A cameraman films a wreckage of the private jet linked to Wagner mercenary chief Yevgeny Prigozhin near the crash site in the Tver region, Russia. Neither referenced the plane crash in which 10 people were said to have been killed. A Reuters reporter at the crash site on Thursday morning saw men carrying away black body bags on stretchers. Unnamed sources told Russian media they believed the plane had been shot down by one or more surface-to-air missiles. SECOND PLANE LINKED TO PRIGOZHINFlightradar24 online tracker showed that the plane had dropped off the radar at 6:11 p.m. (1511 GMT).

Persons: Wagner, Yevgeny Prigozhin, Marina Lystseva, Prigozhin, Vladimir Putin, Sergei Lavrov, Anatoly, Putin, WAGNER, Dmitry Utkin, Abbas Gallyamov, Gallyamov, Bill Browder, Browder, Joe Biden, I’m, Biden, Sergei Shoigu, Valery Gerasimov, Andrew Osborn, Angus MacSwan Organizations: Marina, Defence Ministry, Embraer, SA, Reuters, Telegram, Kremlin, Twitter, General Staff, Thomson Locations: Tver, Russia, MOSCOW, Ukraine, South Africa, Moscow, St, Petersburg, Kuzhenkino, Russian, St . Petersburg, Grey, Africa, Belarus

Putin's comments, which suggested he harboured decidedly mixed feelings about Wagner's mercenary boss, were the most definitive yet on Prigozhin's fate. It remains to be seen too how Wagner fighters, some of whom have already spoken of betrayal and foul play, react. Pledging a thorough investigation which he said would take time, Putin said that "preliminary data" indicated that Prigozhin and other Wagner employees had been on the downed plane. A cameraman films a wreckage of the private jet linked to Wagner mercenary chief Yevgeny Prigozhin near the crash site in the Tver region, Russia, August 24. The mutiny was ended by an apparent Kremlin deal which saw Prigozhin agree to relocate to neighbouring Belarus.

Persons: Putin, Vladimir Putin, Yevgeny Prigozhin, Prigozhin, Wagner, It's, Ramzan Kadyrov, Marina Lystseva, Kadyrov, Anatoly, Prigozhin's, Sergei Shoigu, Valery Gerasimov, Andrew Osborn, Nick Macfie, Andrew Heavens, Stephen Coates Organizations: Reuters, U.S . Department of Defense, REUTERS, Marina, Embraer, SA, Telegram, Wagner Group, Wagner, General Staff, Thomson Locations: MOSCOW, Moscow, U.S, Washington, Ukraine, Africa, Kremlin, Donetsk, Tver, Russia, St . Petersburg, Kuzhenkino, Grey, Belarus

Firefighters work amid aircraft wreckage at an accident scene following the crash of a private jet in the Tver region, Russia, August 23, 2023. Yevgeny Prigozhin, chief of Russian private mercenary group Wagner, was reportedly listed as a passenger on a private jet which crashed north of Moscow on August 23, 2023. Within about 30 seconds, the aircraft had plummeted more than 8,000 feet from its cruising altitude of 28,000 feet. “Whatever happened, happened quickly,” Petchenik said. “They may have been wrestling (with the aircraft) after whatever happened," Petchenik said.

Persons: Yevgeny Prigozhin, Wagner, Prigozhin, ”, Ian Petchenik, ” Petchenik, “, Petchenik, Flightradar24, Valerie Insinna, Allison Lampert, Gabriel Araujo, Caroline Pulice, Cynthia Osterman Organizations: Acquire, Embraer, EMBR3, ”, Reuters, planemaker Embraer SA, Russia, Thomson Locations: Tver, Russia, Moscow, St . Petersburg, Kuzhenkino, Tver Region, Flightradar24, Russian, Belarus, Washington, Montreal, Sao Paulo, Mexico City

Russian authorities said Prigozhin was listed as a passenger on a private jet that crashed on Wednesday evening, killing all those onboard. Russia's TASS news agency said the plane was a Brazilian Embraer jet. Embraer (EMBR3.SA) on Wednesday said it was aware of a Legacy 600 plane crash in Russia, but that did not have further information about the case. Flightradar24 online tracker showed that the Embraer Legacy 600 (plane number RA-02795) said to be carrying Prigozhin had dropped off the radar at 6:11 p.m. local time (1511 GMT). The Legacy 600 entered service in 2002, according to International Aviation HQ, with almost 300 produced until production ceased in 2020.

Persons: Denis Balibouse, Wagner, Yevgeny Prigozhin, Prigozhin, Allison Lampert, Gabriel Stargardter, Rosalba O'Brien, Josie Kao Organizations: Embraer, European Business Aviation Convention, REUTERS, International Aviation, Russia's TASS, Brazilian Embraer, EMBR3, Thomson Locations: Geneva, Switzerland, Russia, Brazilian, Brazil, United States

An Embraer E195-E2 Profit Hunter aircraft is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier//File PhotoSAO PAULO, Aug 14 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) on Monday shot past market estimates for second-quarter results, with its chief executive voicing optimism about upcoming quarters for the company. "Despite the supply chain challenges, we are very optimistic about this year after a good Q2," Gomes Neto said. "We're working hard so next year we can better spread out production and deliveries throughout the year, which will further improve the company's performance," Gomes Neto added. The planemaker reported a 25% increase in second quarter adjusted net profit to $57.9 million, more than double the $24.3 million forecast by analysts polled by Refinitiv.

Persons: Benoit Tessier, Francisco Gomes Neto, Gomes Neto, BTG Pactual, Gabriel Araujo, Jason Neely, Barbara Lewis, Sharon Singleton Organizations: Embraer, Hunter, International Paris Air, Le, REUTERS, SAO PAULO, EMBR3, Airbus, Boeing, Refinitiv, JPMorgan, Thomson Locations: Le Bourget, Paris, France

☆ NASA chief offers Brazil satellite imaging to help stop Amazon deforestation
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

NASA Administrator Bill Nelson attends a news conference, after meeting with Brazil's President Luiz Inacio Lula da Silva (not pictured), at the Planalto Palace in Brasilia, Brazil July 24, 2023. REUTERS/Adriano MachadoBRASILIA, July 25 (Reuters) - NASA Administrator Bill Nelson visited Brazilian space research center INPE on Wednesday and proposed extending satellite partnerships with the United States to help monitor and prevent destruction of the Amazon rainforest. Nelson said NASA will have a satellite in January that can even render images of what is happening below the forest canopy. "I thanked the president for his continuous effort to save the Amazon rainforest," he told reporters after the meeting. Earlier on Tuesday, Nelson visited Brazilian plane maker Embraer (EMBR3.SA) in Sao Jose dos Campos and toured the production line for its narrow-body commercial E-Jets.

Persons: Bill Nelson, Luiz Inacio Lula da Silva, Adriano Machado BRASILIA, Nelson, Sao Jose dos Campos, Luciana Santos, Anthony Boadle, Brad Haynes, Bill Berkrot Organizations: REUTERS, NASA, INPE, Embraer, EMBR3, Jets, Thomson Locations: Brasilia, Brazil, United States, India, Sao Jose, INPE, China, U.S, Brazilian, American, Argentina, Colombia

SAO PAULO, June 30 (Reuters) - Power grids around the world are not yet ready for the so-called flying car, an executive with Brazilian start-up Eve Air Mobility (EVEX.N) told Reuters, adding that the electric aircraft maker is in talks with power providers to bridge the gap. Eve's Services & Operations Solutions Vice President, Luiz Mauad, said the nascent industry does face challenges when it comes to the power supply the electric aircraft needs to recharge. But he expressed optimism they would be overcome in time for Eve to meet its target of starting commercial operations in 2026. Mauad said Eve has been talking to global power generators and distributors about making infrastructure adequate for the electric vertical take-off and landing aircraft (eVTOLs), including the so-called vertiports they would take off from. "But there is still the 'final mile' challenge so that power can get to the vertiports."

Persons: Luiz Mauad, Eve, Mauad, Eve's, Gabriel Araujo, Rosalba O'Brien Organizations: SAO PAULO, Mobility, Reuters, Services, Operations, planemaker Embraer, EMBR3, Thomson Locations: Brazilian, Brazil, United States, India, France

The world's third-largest aircraft maker after Airbus (AIR.PA) and Boeing (BA.N), Embraer bagged 13 fresh orders for commercial jets at the Paris Airshow, falling short of market estimates and previous years' levels. The 13 new orders compared with 74 secured at Le Bourget in 2019 and 28 in Farnborough last year. They also lagged some upbeat market forecasts, including expectations by JPMorgan analysts for at least 30 orders. In Paris, investors were especially disappointed by the lack of orders from the booming Indian airline market, which handled an all-time-high 500-plane transaction to Airbus and new orders to Boeing. "We believe that most of the pre-event excitement has already been adjusted in share prices," said XP Investimentos, while also rates Embraer a "buy."

Persons: Le Bourget, Gabriel Araujo, Conor Humphries, Leslie Adler Organizations: SAO PAULO, Embraer, EMBR3, Airbus, Boeing, Paris, Le, JPMorgan, American Airlines, Royal, Salam Air, Thomson Locations: China, Farnborough, U.S, Paris, Royal Jordanian, New York

PARIS, June 20 (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) on Tuesday notched fresh orders from American Airlines and Spanish carrier Binter for its E-Jets in deals announced at the Paris Airshow that are seen totaling about $1 billion. Embraer, the world's third-largest planemaker after Airbus and Boeing (BA.N), said the new orders follow expansion goals of regional carriers such as Binter and Canada's Porter Airlines, underscoring positive momentum for its planes in global markets. "We were expecting Embraer to announce at least 30 new orders during the event," they said. "We believe that additional new orders could be announced in the coming days, as in the last Paris Air Show Embraer divided its announcements into 3 days." "The best orders are repeat orders," Embraer's Chief Commercial Officer for commercial aviation Martyn Holmes said.

Persons: Le Bourget, Canada's, Binter, Rodolfo Nunez, Martyn Holmes, Porter, Holmes, Gabriel Araujo, Steven Grattan, Jan Harvey, Alexandra Hudson Organizations: Embraer, EMBR3, American Airlines, Spanish, Jets, Paris Airshow, Airbus, Boeing, Canada's Porter Airlines, JPMorgan, Air, Envoy Air, Leasing, Avolon, Sao Paulo, Alexandra Hudson Our, Thomson Locations: Sao Paulo, Paris, Sao

☆ Eve agrees on potential sale of up to 150 flying cars
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, June 20 (Reuters) - Electric aircraft maker Eve (EVEX.N), controlled by Brazil's Embraer (EMBR3.SA), said on Tuesday it has signed letters of intent for potential sales of its "flying car" to Voar Aviation, Nordic Aviation and Wideroe Zero. Under the new agreements, Eve said in a statement, Voar would operate its eVTOLs in Brazil's main metropolitan areas and popular tourist destinations, such as Sao Paulo, Florianopolis and Salvador. Wideroe Zero's parent Wideroe is already an Embraer customer for conventional jets, currently having three E190-E2 aircraft in its fleet. Its low-carbon unit envisions all domestic short-haul flights to be electric as part of Norway's goal of achieving carbon-neutral aviation by 2040. Reporting by Gabriel Araujo; Editing by Kirsten Donovan and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Eve, Norway's, Gabriel Araujo, Kirsten Donovan, Louise Heavens Organizations: SAO PAULO, Electric, Brazil's Embraer, EMBR3, Voar Aviation, Nordic Aviation, Wideroe, Nordic, Embraer, Thomson Locations: Brazil's, Sao Paulo, Florianopolis, Salvador, Scandinavia

SAO PAULO, June 19 (Reuters) - Electric aircraft maker Eve (EVEX.N) and Blade Air Mobility (BLDE.O) are expanding their partnership to integrate Eve's upcoming flying car into Blade's European route network, starting with France, the companies said on Monday. Eve is controlled by Brazilian planemaker Embraer (EMBR3.SA) and expects to start commercial operations of its vehicle in 2026. They did not say if the deal would involve new eVTOL purchases by Blade, whose current European operations include flying conventional helicopters between Nice and Monaco. "Extending our partnership with Eve underscores Blade's commitment to leading the transition from conventional to electric vertical aircraft," Blade Chief Executive Officer Rob Wiesenthal said. Eve CEO Andre Stein said he expected the extended partnership with Blade to allow the companies to combine expertise and resources to make travel more accessible and drive environmental improvements.

Persons: Blade, Eve, Rob Wiesenthal, Andre Stein, Azur, Gabriel Araujo, Steven Grattan, Jamie Freed Organizations: SAO PAULO, Electric, Blade Air Mobility, Brazilian, Embraer, EMBR3, Monaco, United Airlines, Royce, Heli, Thomson Locations: France, Paris, India, United States, Nice, U.S

SAO PAULO, May 16 (Reuters) - France's Thales SA (TCFP.PA) will provide maintenance services for Brazilian airline Gol (GOLL4.SA) in Brazil instead of abroad, the companies outlined on Tuesday in a deal that aims to cut turnaround time and lower costs. Under the deal, Gol Linhas Aereas Inteligentes SA, as the airline is formally known, will no longer need to ship its Thales equipment to the United States or France for maintenance, as they will now be repaired at a Thales plant near Sao Paulo. Thales supplies avionics to Gol, which has a fleet of roughly 120 Boeing (BA.N) aircraft, and to local rival Azul , which mainly operates Airbus (AIR.PA) and Embraer (EMBR3.SA) aircraft. Gol and Thales did not disclose financial details of their deal, but the carrier's director of maintenance, Fernando Miwa, said Thales' investments in Brazil would provide local operators with an opportunity to cut costs. "The market for this type of service in Brazil is still very limited," Miwa said.

Eve, controlled by aircraft manufacturer Embraer (EMBR3.SA), said it expects to start commercial operations of its fully electric vehicle in 2026. The concept, called an electric vertical take-off and landing vehicle, or eVTOL, has been dubbed a flying taxi. The completed wind tunnel tests are seen as key for certification by regulators, as well as future production and sales to buyers worldwide. The wind tunnel tests were completed in Switzerland using an eVTOL scale model, which the company said helped it investigate how components such as its fuselage and wings will perform in flight. "The Eve eVTOL is unlikely to be first to market, although the order pipeline provides runway to capture market share of the emerging eVTOL market," according to Jefferies analysts.

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