Embraer sales up, after air-show in England.
Empresa Brasileira de Aeronautica SA CEO Frederico Curado reacts at a news conference at the Farnborough International Airshow last month. Photographer: Simon Dawson/Bloomberg
Empresa Brasileira de Aeronautica SA, the world’s fourth-largest aircraft maker, will have a backlog of more than $17 billion before the end of the year, said Luiz Carlos Aguiar, the company’s vice president of finance.
The current backlog stands at $16.2 billion, including 37 firm orders signed at the Farnborough Air Show in England last month, Aguiar said in a telephone interview on Aug. 3.
“We’re returning to selling, and our planes are showing they’re competitive,” he said.
Embraer’s backlog for commercial aircraft may overtake that of Bombardier Inc. if options and other intention letters for 149 regional jets valued at $6.88 billion signed during the Farnborough Air Show turn into firm orders, Aguiar said. Montreal-based Bombardier won nine orders during the same show. Bombardier Aerospace on June 2 reported a $17.3 billion backlog as of April 30.
Embraer rose 18 percent in Sao Paulo trading in the past three months, beating…READ MORE HERE.