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

American Airlines Group Inc AAL signed a firm order with Embraer SA 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.

Posted In:

News Contracts Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.