Embraer Bags Big Porter Airlines Order

Just a few months ago, Embraer's (NYSE: ERJ) core commercial aviation business seemed to be in deep trouble. The company's order book had already started to sag before the COVID-19 pandemic hit. The pandemic made matters much worse by driving a spike in order deferrals and freezing new order activity.

Fortunately, a handful of airlines have started to place aircraft orders again in 2021. Boeing's long-suffering 737 MAX has been the biggest beneficiary. However, Embraer has also made much-needed progress on extending its backlog, including an order from Porter Airlines for at least 30 E195-E2s that was confirmed on Monday.

Image source: Embraer.

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Source Fool.com