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Stock Market & Financial Investment News

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July 15, 2014
08:07 EDTERJEmbraer announces LOI with Azul Brazilian for up to 50 E195-E2s valued at $3.1B
Azul Brazilian Airlines announced, at the 2014 Farnborough International Airshow, that it has signed a Letter of Intent, or LOI, with Embraer S.A. for 30 firm orders for the E195-E2 jets. Besides the firm order, the LOI includes additional 20 purchase rights for the same model, bringing the total potential order to up to 50 E195-E2 jets. The contract for the E-Jets E2 has an estimated value of $3.1B, at list prices, if all purchase rights are converted to firm orders. As the first airline to order the E195-E2, Azul becomes the launch operator for this aircraft.
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July 24, 2014
13:55 EDTERJAmerican Airlines sees both Q3, Q4 CASM up 1%-3%
American Airlines (AAL) plans to retire 24 Embraer (ERJ) E140s by the end of this year. Says reduced international capacity plans for FY14. Says international capacity expected to be up 5%, which is down 1% from previous guidance. Sees FY14 international mainline capacity up 2.5%. Says sees regional capacity seen to be up 1% for the year. Sees mainline domestic capacity up 1% in FY14. Sees FY14 CASM up 2%-4% year over year. Sees 10.5%-12.5% pretax margin for FY14. Says FY15 CASM will grow less than inflation and be in the range of up 1% to down 1%.Says still feels "quite good" about global demand environment. Comments made during the company's Q2 earnings conference call.
July 17, 2014
13:06 EDTERJEmbraer foresees executive jet demand to improve in China, Reuters says
Embraer CEO Frederico Curado said that China's demand for executive jets is stabilizing after it was unsteady earlier in FY14 and should experience a more robust recovery in the future, according to Reuters, citing comments from Curado. Reference Link
11:34 EDTERJEmbraer signs agreement with China for 60 E-190s, Reuters says
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July 16, 2014
07:45 EDTERJUnited Technologies to supply PurePower engines to 50 Embraer E-Jets
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