A lifelong aviation enthusiast who joined&nbsp;AIN&nbsp;in 2007, Curt came to&nbsp;the publication&nbsp;from the broadcast industry where he was a national science and technology television reporter and producer. He writes on the FBO field, aviation finance, and sustainable aviation and occasionally contributes to&nbsp;AIN&nbsp;sister publication&nbsp;Business Jet Traveler. Curt was a member of the AINtv reporting staff that won the 2008 Aerospace Journalist of the Year award for Best Airshow Daily. That same year, he was a finalist for another AJOYA award. He earned an AJOYA for Best Business Aviation Submission in 2018 and was a finalist in that category in 2021. He received the National Air Transportation Association’s&nbsp; Aviation Journalist Award in 2012 and won a Pegasus Sapphire Business Aviation Award for outstanding journalism in 2021.
Before joining AIN, Curt worked with&nbsp;Consumer Reports’ television division, CRTV, and for several local television news staffs. An honors graduate of the State University of New York at Stony Brook, he earned a master’s degree in broadcast journalism from Boston University in 1995. Curt lives in New York State with his wife and two young sons.

Business Aviation Services Editor

Curt Epstein

Speaking at the Embraer Media Day presentation in New York City this morning, Embraer president and CEO Francisco Gomes Neto said the company is now reaping the harvest from the investments and changes it made in recent years. He pointed to the portfolio of new products the Brazilian manufacturer has introduced over the past decade in its commercial, defense, and private aviation markets.
This includes the E-Jets E2, the C-390 Millennium military transport, and, on the private aviation side, the Praetor family and upgrades to its Phenom light jets. Neto credits this modern portfolio with higher revenues.
He explained that Embraer currently employs a staff of 100 engineers committed to developing production efficiencies and cost reduction, which has allowed it to not only maintain margins on its products but even increase them in some cases. One of the company’s standing projects is to reduce the production time of its aircraft by 30 percent by the end of 2025.
“By the end of this year, even with the difficulties in the supply chain, we will be able to achieve almost 20 percent off the time of production,” Neto stated. Based on these factors, he expects company revenues to total $5.7 billion this year, a 20 percent increase from 2022. Neto added that that number could rise by another 20 percent in 2024.
Antonio Carlos Garcia, the airframer’s CFO, said its executive aircraft division currently accounts for nearly 24 percent of Embraer’s $17.8 billion backlog. It has delivered 66 jets through the third quarter and expects a busy fourth quarter to bring it up to 120 deliveries for the year. “Probably we are going to be spending Christmas inside the factory,” he noted, adding that supply-chain delays are still creating a fluid situation.

News and developments about airplanes, helicopters and unmanned air vehicles used in all varieties of operations, including airlines, military, business, commercial, general aviation and private.

Based on Recent Investments in Aircraft Development, Embraer Now Sees Gains

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