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Non-Tech : The Brazil Board

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From: elmatador7/1/2020 4:56:01 AM
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Embraer Business Jet, Defense Sales Steady Despite COVID-19, Company SaysBy Frank Wolfe | June 2, 2020


A significant decline in Embraer commercial aircraft deliveries helped drive a 20 percent decline in the company's first quarter net revenues, compared to last year, but the silver lining was relatively steady performance in the executive jet and defense markets, company officials said on June 1.

A 40-day halt on commercial aviation sales in January to satisfy a carve out of Embraer's commercial aviation business for the now-cancelled joint venture with Boeing also helped move first quarter aviation sales lower than last year, Embraer said.

aviationtoday.com
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