Deals for Embraer, Bombardier
[NEW YORK] Embraer SA won a regional-jet order valued at US$2.4 billion from a US commuter carrier while Bombardier Inc sought firm purchases for its embattled CSeries after getting commitments to buy the planes.
Trans States Holdings Inc agreed to buy 50 of the E175-E2 model, Embraer said on Monday at the Farnborough Air Show. Bombardier reached a tentative 20-jet deal with China's Zhejiang Loong Airlines Co for the new CSeries, which is missing the industry's biggest expo after an engine fire.
Embraer's deal and Bombardier's quest for more customers for the CSeries highlight the divergent approaches at the two biggest makers of regional aircraft. Sao Jose dos Campos, Brazil-based Embraer is upgrading its signature E-jet family, while Bombardier has struggled for customers for the CSeries, whose larger size pits it against traditional airliners.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Porsche posts Q1 profit drop on ramp-up costs
Air China orders homegrown C919s in challenge to jet duopoly
Huawei’s smart car tech offers automakers route to China sales
Sri Lanka to hand management of China-built airport to India, Russia companies
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US