By Gabriel Araujo
SAO JOSE DOS CAMPOS, Brazil (Reuters) - Embraer heads into the Farnborough Airshow next month riding tail winds that have lifted its shares to an all-time high, as recent orders show the Brazilian planemaker ready to fill a gap for airlines starved for new planes in coming years.
The news has boosted hopes for Embraer ahead of the major industry event on July 22 to 26, when planemakers often announce major orders. Last year, investors were disappointed by Embraer's weaker-than-expected numbers at the Paris Airshow.
Sao Paulo-traded shares of the company are up nearly 70% this year and hit a record high last week, by far the top gainer on the benchmark Bovespa stock index. Several analysts still see room to rise.
This month, Embraer bagged an order for 20 E2 jets from state-run Mexicana de Aviacion, opening a new market for its next-generation commercial jets and growing its backlog of firm orders from a seven-year high of $21.1 billion hit in March.
