Buying Embraer, regardless of the price, is arguably a distraction Boeing doesn't need right now. Embraer is a global company headquartered in Brazil with businesses in commercial and executive aviation, defense & security. Embraer has received a thumbs up from Brazil’s ANAC and the FAA for its synthetic vision guidance system (SVGS) on the Praetor 500 and 600, the Brazilian aircraft manufacturer announced today. See you at the top! For its part, Embraer doesn't seem to be in a mood to compromise. Today, E-Jets are flying in the fleet of more than 80 customers in some 50 countries. Having joined Embraer on the E-Jet program in 2001, Santiago has for the last seven years been managing director customer finance and credit risk management, overseeing the needs of all Embraer business units. The new aircraft is … Find the latest Embraer S.A. (ERJ) stock quote, history, news and other vital information to help you with your stock trading and investing. Meijer added, “I’d like to thank Simon for his many years of outstanding service to the company across a number of diverse roles. Since its debut, Skies has quickly gained a loyal and escalating following for its fresh approach to covering North American aviation and aerospace news. Archrival Airbus (OTC:EADSY) had acquired the small-jet C-Series line from Bombardier, and Boeing saw teaming with Brazil's Embraer as a way to counter the C-Series threat and better compete in the small-jet space. Let's conquer your financial goals together...faster. “At Embraer, we are committed to continuously improving our products to deliver the ultimate experience in business aviation,” said Embraer Executive Jets president and CEO Michael Amalfitano. Returns as of 10/10/2020. This makes it the first business jet OEM to receive SVGS certification, it added. Nevertheless, Boeing's rationale for wanting to buy Embraer was solid. Brazil Antitrust Regulator Gives Nod to Boeing-Embraer Deal More FILE PHOTO: The Boeing logo is displayed on a screen, at the New York Stock Exchange (NYSE) in … Plumes of water form arches over a KC-390 plane during a water salute at the air base in Anapolis, Brazil, Wednesday, Sept. 4, 2019. For potentially the rest of the decade, Boeing's commercial fortunes largely will be dictated by the success of the still-grounded 737 MAX. Embraer has received a thumbs up from Brazil’s ANAC and the FAA for its synthetic vision guidance system (SVGS) on the Praetor 500 and 600, the Brazilian aircraft manufacturer announced today. | Terms of Use | Privacy Policy | Content Policy, The newly certified synthetic vision guidance system (SVGS) for the Embraer Praetor 500/600 allows crews to shoot approaches to 150-foot decision heights, 50 feet lower than the standard decision height and thus increasing operational efficiency. (Photo: Embraer). Home » Press Releases » Embraer Commercial Aviation appoints new VP of contracts and asset management. In this critical role, Santiago will report directly to Arjan Meijer, president and chief executive officer of Embraer Commercial Aviation. Today, E-Jets are flying in the fleet of more than 80 customers in some 50 countries. We share highlights from Airshow London SkyDrive 2020, fly along with the Waterloo Warbirds in a formation clinic, and get the lowdown on Vans RV aircraft, Chorus Aviation, and Spidertracks. The world has changed a lot since these two longtime partners decided to join forces. Given the scrutiny on the business right now, asking Washington for cash and then sending billions overseas to Embraer is probably a non-starter. A deserved move and I am confident he will do great in this role,” said Meijer. Which means, in the near-term, Boeing has one more thing on its plate. Embraer is the world’s leading manufacturer of commercial aircraft up to 150 seats with more than 100 customers from all over the world. Embraer (NYSE ERJ) News Headlines Today Source: All Sources Trusted Sources MarketBeat.com Bloomberg MarketWatch Motley Fool NASDAQ PR Newswire Reuters Seeking Alpha The Street The Wall Street Journal Yahoo Finance It can also be retrofitted to Legacy 450/500s and Praetor 500/600s at any Embraer owned or authorized service center. Given all of the other issues facing Boeing, and the challenges of integrating massive, cross-border deals even in the best of times, existing investors should be glad this deal fell apart. When not arguing on Twitter or writing about the markets, Lou spends his free time out in nature, complaining online about the Baltimore Orioles or Watford FC, or listening to early 1990s alt rock.

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