SAO PAULO: Embraer has signed a deal valued at more than US$1.2 billion to sell an additional 100 aircraft to NetJets, the Brazilian planemaker said on Monday, sending its shares higher.
Embraer said it expects to deliver the Phenom 300E jets from the second quarter of 2023. NetJets is a U.S. company that offers shared ownership of private business jets.
Brazil-traded shares in Embraer were up 6% at 26.25 reais in early afternoon trading, outperforming the broader Bovespa stock index, which rose 0.70%.
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