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SAO PAULO (Reuters) – Embraer SA mentioned on Thursday that Oman’s low-cost provider SalamAir has signed a agency order for six E195-E2 jets, with choices for an extra six plane, an announcement that despatched shares within the Brazilian planemaker increased.
The deal was valued at $934.6 million with all choices exercised and will probably be added to Embraer’s third quarter backlog, the corporate mentioned in an announcement.
Deliveries are anticipated to start in late 2023.
The chief govt of Embraer Industrial Aviation, Arjan Meijer, mentioned the transfer highlights the corporate’s development within the Center East, “a area that has usually targeted on long-haul journey”.
SalamAir’s announcement provides to contemporary E195-E2 orders disclosed by the Brazilian planemaker earlier this yr, together with a 20-aircraft order positioned by Canada’s Porter Airways in the course of the Farnborough Airshow in July.
Embraer, the world’s third-largest planemaker after Boeing Co and Airbus SE, had reported a agency order backlog of $17.8 billion on the finish of the second quarter, a four-year excessive.
Following SalamAir’s new order, analysts at JPMorgan estimated that Embraer’s backlog now stands at $18.4 billion, which might signify the best stage for the reason that first quarter of 2018.
“We view at present’s bulletins as optimistic, as Embraer continues so as to add information shoppers and new orders from the E2 jet household to its backlog, regardless of issues relating to a world recession subsequent yr,” they mentioned.
Brazil-traded shares in Embraer rose greater than 2.5% in early morning buying and selling, outperforming the broader Bovespa inventory index, which was up 0.5%.
(Reporting by Gabriel Araujo; Edited by Steven Grattan)
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