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Benzinga
Benzinga
Business
Akanksha Bakshi

American Airlines Plans To Expand Embraer Fleet With $160.2M Order

ERJ AAL
  • American Airlines Group Inc (NASDAQ:AAL) signed a firm order with Embraer SA (NYSE:ERJ) for three new E175s, which will be delivered this year.
  • The contract value is $160.2 million at current list prices and will be included in Embraer's 4Q21 backlog.
  • The aircraft will be operated by American's wholly-owned subsidiary, Envoy Air, growing Envoy's fleet of E175s to over 100 aircraft by the end of 2022.
  • Price Action: ERJ shares are trading lower by 0.03% at $15.35 and AAL up by 0.05% at $18.85 during the premarket session on Wednesday.
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