
Shares in Brazilian planemaker Embraer EMBR3.SA rise after Japanense carrier ANA Holdings 9202.T announced an order for up to 20 aircraft
ANA's deal includes a firm order for 15 E190-E2 jets, with options for an additional five aircraft
The move marks a breakthrough in Japan for Embraer's E2 family of regional jets, and a setback for Airbus' A220
Analysts at JPMorgan say the order speaks of Embraer's capacity to enter into new airlines and should represent an expansion of 11% on its commercial aviation backlog
It also has the potential to increase valuation multiples as it "represents a new strategic client in Asia helping to advertise Embraer products in the region," JPMorgan says
Sao Paulo-traded shares of Embraer rise more than 3% in early trading, among the biggest gainers on benchmark stock index Bovespa .BVSP
Embraer is up roughly 10% year-to-date, after more than doubling in value in 2024