LOADING

Type to search

Embraer Braces for Tougher Year

Share
As Brazil's economy sees a strong recovery, aircraft giant Embraer braces for a decline this year due to its global business.

BY ANDREW DOWNIE

SÃO PAULO, Brazil Aircraft manufacturer Embraer has long been a symbol of Brazil’s hi-tech expertise and one of the country’s most consistently successful exporters.

But although Brazil has rebounded quicker than most from the global economic crisis, that resilience means little to the São José dos Campos-based firm. While most Brazilian companies can turn to the booming domestic market to shore up sales, Embraer does 90 percent of its business abroad and is stuck in a holding pattern awaiting a recovery.

Net sales is expected to fall from $5.5 billion in 2008  to $5 billion or below in 2009 and the order book has fallen from $20.9 billion 08 to $16.6 billion in the same period, company officials said.



Keywords: China,commercial, executive, military jets

 

 

To read this post, you must purchase a Latin Trade Business Intelligence Subscription.
Scroll to top of page