Embraer S.A.'s (ERJ) subsidiary, Eve UAM, LLC (EVE), signs a Letter of Intent with Fahari Aviation for supplying up to 40 eVTOLs.
SAO JOSE DOS CAMPOS, Brazil (Reuters) -Brazil's Embraer SA has already won enough orders to meet the top end of its targeted revenue range for the current financial year, the planemaker said Monday as it sees a bounce from a COVID-19 related downturn. The positive outlook came after large revenue drops due to the pandemic and a failed deal in early 2020 for Boeing Co to take over its commercial aviation division, after which it was forced to reintegrate the unit. The latest update comes only weeks after Embraer on April 28 reaffirmed its financial outlook for 2022, with revenue seen reaching between $4.5 billion and $5 billion.
SAO PAULO (Reuters) -The Brazilian Air Force has decided to cut its order for Embraer SA's KB-390 military cargo planes to 15 aircraft from 22 previously, according to a report from local newspaper O Globo on Monday. Lieutenant-Brigadier General Carlos de Almeida Baptista Junior said the Air Force will further reduce its order due to budget unpredictability, according to the report. "We can't afford it in the short term," O Globo quoted him as saying.