Embraer, Flexjet ink deal worth up to $7 billion for executive jets
1. Embraer signed a $7 billion deal with Flexjet for 182 jets. 2. This includes options for 30 more aircraft, boosting future revenues.
FAQ
Why Bullish?
The significant $7 billion deal indicates strong demand, similar to past contracts boosting ERJ prices.
How important is it?
The contract's substantial size and implications for earnings growth make it very relevant for ERJ's valuation.
Why Long Term?
The deal ensures steady revenue over several years, akin to Embraer's previous long-term contracts that solidified financial strength.