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Brazil's Embraer snags $1.1 billion order from United Airlines

July 16, 2018 12:56 PM
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SAO PAULO (Reuters) - Embraer SA (EMBR3.SA) has signed a firm order with United Airlines (UAL.N) for twenty-five 70-seat E175 jets, the Brazilian planemaker said on Monday, providing a boost to the company shortly after JetBlue Airways Corp (JBLU.O) opted to replace its fleet of Embraer jets with ones made by Airbus SE (AIR.PA).

Under the contract, worth $1.1 billion at current market value, Embraer is set to deliver the jets in the second quarter of 2019, Embraer said in a statement.

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