The Brazilian company made less deliveries in quarter two compared to last year and reported a net loss. The termination of negotiations for a joint venture with Boeing as well as COVID-19 affected the outcome.
Browsing: Embraer
Administrative Council for Economic Defense gave nod to Boeing’s purchase of 80% of Embraer’s commercial jet division and the creation of the joint venture between both companies.
Memorandum of understanding signed last Thursday allows for research to develop a light military transport. Goal is also meeting current global demands.
CIAF Leasing signed a firm order for three E190 jets, with delivery due for Q4 2020.
Brazilian aircraft manufacturer delivered 17 commercial and 27 business jets in Q3 2019. Firm order backlog was USD 16.2 billion in late September.
