Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Brazil
  4. Bolsa de Valores de Sao Paulo
  5. Embraer S.A.
  6. News
  7. Summary
    EMBR3   BREMBRACNOR4

EMBRAER S.A.

(EMBR3)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

China vaunts air power, civil growth at Zhuhai show

09/28/2021 | 03:14pm BST
Airshow China in Zhuhai

ZHUHAI, China (Reuters) -China touted its expanding military air power and hopes of capturing a growing share of its civil aviation market for domestic producers at a national air show inaugurated amid regional tensions over Taiwan and disruption from the pandemic.

Typically held every other year in the southern resort of Zhuhai, Airshow China opened on Tuesday after a year of delays caused by COVID-19, with a scaled-back foreign presence and a sharp focus on China's domestic and regional priorities.

Flying demonstrations on a hot and hazy day that had crowds scrambling for shade included a smoke-trailing display by J-10 fighters from the Bayi aerobatic team.

China's newer J-20 stealth fighter, which made its debut at Zhuhai in 2016, roared above dignitaries with domestic rather than Russian-made engines for the first time, state media said.

On the ground, China showcased a prototype of the CH-6 long-endurance drone, capable of reconnaissance and strike operations, and the WZ-7 high-altitude surveillance drone.

Also capturing attention for the first time was the J-16D, an electronic attack version of China's J-16 fighter.

"The scope and scale of high-end warfighting capability on display is definitely a step-up from previous shows," said Kelvin Wong, a Singapore-based defence editor at Janes.

"The J-16D is a very important new addition to (China's) air force order of battle. It provides critical new electronic warfare elements designed to degrade an adversary's ability to attack and engage other People's Liberation Army air assets."

Analysts said its show debut appeared to signal a push to counter Western and Taiwanese defences.

"The J-16D is a special threat to Taiwan since it can attack anti-aircraft defences that Taiwan must rely on heavily in any Chinese attempt to forcibly take control of the island," said Bradley Perrett, a specialist on Asian aerospace and defence.

China claims Taiwan as its own territory and has stepped up military and political pressure to try and force the democratically ruled island to accept Chinese sovereignty.

Speaking at an opening ceremony in Zhuhai, Chang Dingqiu, commander of China's air force, said its officers would "resolutely defend the reunification of the motherland".

Taiwan this month proposed extra defence spending of almost $9 billion over the next five years, including on new missiles, in the face of what it called a "severe threat".

CERTIFICATION WAIT

Commercial planemakers, meanwhile, see strong post-pandemic prospects for the Chinese aviation market, with an increasing share of the spoils expected to go to domestic manufacturers.

China is a key hunting ground for foreign aviation firms, thanks to the quick recovery in domestic travel, but the outlook is complicated by Beijing's desire to grow its own champions.

The country's aviation regulator may be a stumbling block for foreign planemakers looking to boost sales in the world's biggest market for new planes.

As Commercial Aircraft Corp of China (COMAC) ramps up production of the 90-seat ARJ21 regional jet, the regulator has not certified slightly larger offerings from Airbus and Brazil's Embraer.

Franco-Italian turboprop maker ATR is also waiting for Chinese certification of its 42-600 model, it said last week.

Airbus China CEO George Xu said it was in talks with China about certification, a crucial step to winning new orders.

Outside China, the Airbus A220 entered service in 2016 and the Embraer E-Jet E2 family in 2018.

China, however, has policies that favour its homegrown planes, such as offering them favourable airport slots, the Civil Aviation Administration of China said last year.

Boeing is meanwhile waiting for approval of its 737 MAX after an almost two-year safety grounding. The ban, which has already been lifted in the West, could be eased around November after a successful test flight, people close to the matter said.

COMAC on Tuesday forecast 20-year Chinese demand for 953 regional jets with 90 seats. Deputy marketing manager Yang Yang said there was enough room in the market for all players.

"The aviation market is as vast as the Pacific Ocean, where we have our own competitive territories," he told reporters.

COMAC expects local certification this year of its larger 160-seat C919, a rival to the Airbus A320 and Boeing 737 families, though it will take time to ramp up production.

(Reporting by David Kirton; additional reporting by Stella Qiu; writing by Jamie Freed, Tim Hepher; Editing by Gerry Doyle and Alex Richardson)

By David Kirton


© Reuters 2021
All news about EMBRAER S.A.
10/21ADRs Close Lower; ABB Trades Actively
DJ
10/21EMBRAER S A : Delivers Nine Commercial and 21 Executive Jets in 3Q21 - Form 6-K
PU
10/21EMBRAER S A : Brazil's Embraer delivers 30 jets in Q3, sees $16.8 billion backlog
RE
10/21EMBRAER S A : Announce a Pool Agreement with KLM Cityhopper for the E195-E2s Fleet
PU
10/21EMBRAER S A : Delivered 30 Jets In Q3, Including 9 to Airlines; Order Backlog at $16.8 Bil..
MT
10/21EMBRAER S A : delivers first Praetor 500 in Canada to AirSprint
PU
10/21Embraer S.A. Announces Operational Results for the Third Quarter Ended September 30, 20..
CI
10/21EMBRAER S A : Delivers Nine Commercial and 21 Executive Jets in 3Q21
PU
10/20EMBRAER S A : Purchase Agreement - Form 6-K
PU
10/20Embraer S.A. Signs Continuing Deal for Up to 100 Additional Aircraft, with Netjets, Inc
CI
More news
Analyst Recommendations on EMBRAER S.A.
More recommendations
Financials
Sales 2021 4 426 M - 3 215 M
Net income 2021 -43,9 M - -31,9 M
Net Debt 2021 1 857 M - 1 349 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 3 154 M 3 100 M 2 291 M
EV / Sales 2021 1,13x
EV / Sales 2022 0,93x
Nbr of Employees 15 658
Free-Float 93,8%
Chart EMBRAER S.A.
Duration : Period :
Embraer S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EMBRAER S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 4,29 $
Average target price 4,80 $
Spread / Average Target 11,8%
EPS Revisions
Managers and Directors
Francisco Gomes Neto President & Chief Executive Officer
Antonio Carlos Garcia Chief Financial & Investor Relations Officer, EVP
Alexandre Gonçalves da Silva Chairman
Daniel Moczydlower EVP-Engineering & Technology
Luís Carlos Affonso VP-Engineering, Technology & Corporate Strategy
Sector and Competitors
1st jan.Capi. (M$)
EMBRAER S.A.174.01%3 100
THE BOEING COMPANY-0.51%124 833
AIRBUS SE22.28%100 341
TEXTRON INC.54.40%16 725
DASSAULT AVIATION SA1.45%8 804
AVIC ELECTROMECHANICAL SYSTEMS CO.,LTD.24.10%8 596