Embraer negotiating $495 million aircraft sale to Surf Air: paper
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
A man walks past a replica of Embraer's Phenom 300 jet at the "Extravaganza 2008 Show" in Mumbai February 23, 2008. REUTERS/Punit Paranjpe
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
BRASILIA (Reuters) - Brazil's Embraer
Surf Air, a U.S. business aviation company based in Santa Monica, plans to expand its services to Europe in mid-2017 and needs a larger fleet to reach that goal, its CEO Simon Talling-Smith told the newspaper.
He said Surf Air is also talking to U.S. aircraft maker Textron, with an eye on its Cessna Citation CJ4 corporate jets.
The Embraer Phenom 300 is a light business jet that can carry 7 to 9 passengers and is Embraer's biggest selling executive aircraft, though current weak demand for business jets has been dragging on Embraer's results.
Embraer was not available for immediate comment.
(Reporting by Anthony Boadle; editing by Jason Neely)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Novartis CEO plays down prospects for Actelion bid: Blick
- Sense of duty draws U.S. veterans to Dakota pipeline protest
- Cash gifts and 'crocodile holes': Gambia's outgoing ruler