Latest news with #Embraer
Time of India
3 hours ago
- Business
- Time of India
Brazil planemaker Embraer ends Q2 with record $30 billion backlogETInfra
Advt Brazilian planemaker Embraer said on Monday its firm order backlog ended the second quarter at $29.7 billion, a record high for any quarter and up 40 per cent from a year earlier, according to a securities the world's third-largest planemaker, said its commercial jet segment reached a backlog of $13.1 billion, rising 16 per cent, while the executive jet business ended the quarter with a $7.4 billion backlog, jumping 62 per company said earlier this month that it delivered 61 aircraft in the second also registered a total $4.9 billion backlog from its services and support unit, as well as $4.3 billion from its defense segment Embraer, whose chief executive last week said that US tariffs announced against Brazil could have a pandemic-like impact on the firm, is set to unveil its full second-quarter earnings on August 5.
Reuters
12 hours ago
- Business
- Reuters
Brazil planemaker Embraer ends Q2 with record $30 billion backlog
SAO PAULO, July 21 (Reuters) - Brazilian planemaker Embraer ( opens new tab said on Monday its firm order backlog ended the second quarter at $29.7 billion, a record high for any quarter and up 40% from a year earlier, according to a securities filing. Embraer, the world's third-largest planemaker, said its commercial jet segment reached a backlog of $13.1 billion, rising 16%, while the executive jet business ended the quarter with a $7.4 billion backlog, jumping 62%. The company said earlier this month that it delivered 61 aircraft in the second quarter. Embraer also registered a total $4.9 billion backlog from its services and support unit, as well as $4.3 billion from its defense segment. Embraer, whose chief executive last week said that U.S. tariffs announced against Brazil could have a pandemic-like impact on the firm, is set to unveil its full second-quarter earnings on August 5.
Yahoo
12 hours ago
- Business
- Yahoo
Brazil planemaker Embraer ends Q2 with backlog at $29.7 billion
SAO PAULO (Reuters) -Brazilian planemaker Embraer said on Monday its firm order backlog ended the second quarter at $29.7 billion, up 40% from a year earlier, according to a securities filing. Sign in to access your portfolio
Reuters
12 hours ago
- Business
- Reuters
Brazil planemaker Embraer ends Q2 with backlog at $29.7 billion
SAO PAULO, July 21 (Reuters) - Brazilian planemaker Embraer ( opens new tab said on Monday its firm order backlog ended the second quarter at $29.7 billion, up 40% from a year earlier, according to a securities filing.
Reuters
20 hours ago
- Business
- Reuters
Flexjet valued at $4 billion after securing funding from LVMH-backed private equity firm
July 21 (Reuters) - Flexjet said on Monday it had raised $800 million in a funding round led by L Catterton, a private equity firm backed by LVMH ( opens new tab, valuing the U.S. jet operator at $4 billion just a couple of years after a botched deal with Todd Boehly's SPAC. The funding comes as more companies remain private, seeking greater control over decision-making, less regulatory scrutiny, and access to abundant private capital. Affiliates of KSL Capital Partners, LLC, and the J. Safra Group also participated in the round. The valuation is an increase from the intended $3.1 billion, at which Flexjet was set to go public through Todd Boehly's blank-check firm, opens new tab Horizon Acquisition Corp. II in late 2022. That deal collapsed the following year. Flexjet is looking to expand its fleet, with a focus on larger aircraft and international flights, following a $7 billion deal with Embraer for 182 Phenom and Praetor executive jets, with options for 30 more. JPMorgan analysts expect the deal to increase Embraer's total backlog by about 26% to $28.7 billion, forecasting deliveries over the next five years, as Flexjet plans to double its fleet during the period. "L Catterton provides the perfect opportunity for collaborating in areas such as consumer insights, brand strategies, retail expansion, and luxury product delivery," Flexjet's Chairman Kenn Ricci said. Founded 30 years ago, Flexjet provides fractional aircraft ownership, leasing, and jet card services in the private aviation sector. The company is now owned by Directional Aviation, a private equity investment firm. Financial Times was the first to report on the funding round.
