Embraer Delivers First E195-E2 Jet to Azul
Last Thursday, Embraer (NYSE: ERJ) finally delivered the first E195-E2 to its launch customer, fast-growing Brazilian airline Azul (NYSE: AZUL). This was a huge milestone, because while the E195-E2 is the second of Embraer's next-generation E-Jets to enter service, it is likely to sell a lot better than either of its siblings.
Despite their impressive specifications, none of the E2-series E-Jets have garnered many orders so far. However, the entry-into-service of the E195-E2 could stimulate additional orders. An even bigger sales catalyst could kick in a few months from now, when Boeing (NYSE: BA) is scheduled to take an 80% controlling stake in Embraer's commercial jet business.
Embraer and Azul executives recently celebrated the handover of the first E195-E2. Image source: Embraer.
Source Fool.com
