The 50% tariff that U.S. President Donald Trump plans to impose on Brazilian exports starting in August could have an impact on the revenues of planemaker Embraer similar to that of the COVID pandemic, its CEO said on Tuesday.
MUNICH & TORONTO--(BUSINESS WIRE)--Porter Airlines has secured a sale and leaseback agreement for four Embraer E195-E2 aircraft to be delivered in 2025. The agreement was led by funds managed by affiliates of Fortress Investment Group (Fortress) and GOAL Aircraft Leasing. GOAL Aircraft Leasing is also serving as lessor manager for the aircraft. Ashland Place Finance is providing debt financing ...
NEW YORK--(BUSINESS WIRE)--Fortress Investment Group today announced that funds managed by its affiliates (“Fortress”), alongside GOAL Aircraft Leasing (“GOAL”), have acquired four new Embraer E195-E2 aircraft from Porter Airlines as part of a sale-leaseback transaction. The aircraft will be operated by Porter under a long-term lease agreement. Two aircraft have already been delivered to Porter...
Shares of Brazilian planemaker Embraer fell sharply on Thursday after U.S. President Donald Trump said he would impose a 50% tariff on all imports from the South American country.
Brazilian aerospace manufacturer Embraer was one of the most exposed companies to the 50% tariffs announced by US President Donald Trump. Given that more than 60% of its sales come from the US market, the commercial and operational impact of these tariffs alone is significant.
Royal Air Maroc is in talks with Embraer for a potential order for the Brazilian planemaker' s E2 aircraft, newspaper Folha de S.Paulo reported on Wednesday citing the airline's CEO, Abdelhamid Adnoun.
Embraer shares were up 5.29% to R$81.08 on Tuesday. The stock's performance followed the announcement that Scandinavian Airlines (SAS) has signed a order for 45 E195-E2 jets, with the option to acquire 10 more, bringing the total potential order to 55.
Register for Free
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.