Embraer, Brazil’s leading aircraft manufacturer, has revealed a bold plan to invest $70 million in expanding its Maintenance, Repair, and Overhaul (MRO) service network in the United States. This move has sparked investor interest, leading to a surge in Embraer’s stock on the Brazilian stock market.
The investment will fund the construction of a new service center for commercial jets at Perot Field Alliance Airport in Fort Worth, Texas. Operations are scheduled to commence in early 2025, with plans for a second hangar to be completed by 2027, increasing Embraer’s installed capacity for commercial jets in the U.S. by 53%.
Embraer’s stock performance has been notably positive, with EMBR3 shares on the B3 stock exchange rising by 5.62% to R$48.1326. This investment aligns with the company’s goal of global expansion and enhancing service capabilities, showing a commitment to strengthening its presence in the North American market.
Itaú BBA, a renowned Brazilian investment bank, is optimistic about Embraer’s future, believing the company is poised for significant growth. As the industry landscape shifts, Embraer’s strategic expansion and positive outlook position it favorably against competitors like Boeing and Airbus.