SkyWest gives Embraer its largest airplane order
SAO PAULO--Brazilian aircraft manufacturer Embraer SA (ERJ, EMBR3.BR) on Tuesday unveiled its third major contract this year to sell jets to a U.S.-based aircraft operator, providing the world's fourth-largest aircraft manufacturer with breathing room for the coming years.
SkyWest Inc. /quotes/zigman/77976/quotes/nls/skyw SKYW +0.56% has agreed to buy as many as 200 jets, worth as much as $8.3 billion in coming years if all the orders are confirmed. The deal is one of the largest in Embraer's history. A 2003 order by JetBlue Airways Corp (JBLU) for 200 jets was subsequently revised down to just 100.
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