Embraer Receives $1.8 Billion Firm Order for 20 Aircraft From TrueNoord

MT Newswires Live

Oct 15

Embraer (ERJ) received a firm order valued at $1.8 billion at list price for 20 factory-new E195-E2 aircraft from TrueNoord, a specialist regional aircraft leasing company based in the Netherlands.

TrueNoord said Tuesday it also secured purchase rights for up to 20 additional E195-E2 jets and up to 10 new E175-E1 aircraft, marking its first-ever direct order with an aircraft manufacturer.

The shares of Sao Paulo-based Embraer rose 4.6% in recent Tuesday trading.

Price: 60.44, Change: +2.65, Percent Change: +4.59

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