Embraer 'Supportive' of Bribery Probe, Looks Ready To Nix New Narrowbody
Embraer faces bribery allegations.
Embraer CEO Frederico Curado
Embraer CEO Frederico Curado

Embraer CEO Frederico Curado promised complete transparency as the U.S. Securities and Exchange Commission (SEC) continues with an investigation into bribery and corruption allegations against the Brazilian aircraft manufacturer. Made public yesterday in Embraer's third-quarter earnings report, the probe centers on transactions involving three countries, Curado reiterated today.

Curado added that although the company takes the allegations “very seriously,” he insisted that business integrity stands as one of the company’s guiding principles and that Embraer would not tolerate any kind of corruption.