Multilatina Index: Embraer soars in revenue growth ranking

Brazilian aerospace firm Embraer jumped to the second spot in Latin Trade’s third-quarter Multilatina Ranking in terms of revenue growth, up from spot number nine in the previous edition. The São Paulo-based company’s revenues reached $1.5 billion in the July-September period this year, up 31 percent from $1.1 billion in the same period a year ago. The good results come after two years of struggling with lower demand for business jets and cuts in Brazil’s defense budget. But in October, commercial jet orders went up, and the company resolved all issues concerning a major ongoing corruption probe in Brazil. In the overall ranking, which lists companies by total revenues in the third-quarter, Brazilian oil giant Petrobras, Mexican telecoms firm América […]

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