Embraer Aims To Triple Revenue in Next Five Years
Embraer's Fit4Growth plan is moving ahead after recovery from the pandemic accelerates progress in various programs.
Embraer KC-390
Embraer’s KC-390 Millennium utility/tranport aircraft maneuvers in a steep climb during validation flights in preparation for the Paris Airshow flying displays. (Photo: David McIntosh)

In the midst of the Covid pandemic, in 2020, Embraer leadership pulled together a group of 50 people to develop a strategic plan for the company’s future, called “Fit4Growth.”

“Remember that in 2020 we had to face two different crises—the pandemic that affected all of us and the termination of the deal with Boeing,” said Embraer CEO Francisco Gomes Neto at a pre-Paris Airshow media briefing at its Ogma facility in Lisbon, Portugal. Boeing had agreed to purchase 80 percent of Embraer’s commercial aircraft business for $4.2 billion but backed out of the deal in April 2020. “The [Fit4Growth] plan was created to help us to survive that difficult moment and also to prepare the company for a prosperous future,” he said. The plan's targets include reaching $8 billion in revenue in 2027, up from $4.5 billion in 2022.

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