Embraer: Market Improving But Fundamentals Still Weak
Embraer has broadened its product range and is now hoping to cash in on improving economic conditions.
Marco Tulio, president and CEO Embraer Executive Jets, views market as at risk. (Photo: Guillaume Lecompte-Boinet)
Marco Tulio, president and CEO Embraer Executive Jets, views market as at risk. (Photo: Guillaume Lecompte-Boinet)

Embraer Executive Jets (EEJ) tentatively takes the view that the business aviation market is maintaining what its president and CEO Marco Tulio defined as “mild recovery” during a press briefing at the Brazilian airframer’s headquarters in São José dos Campos. The company, which generated revenues for its group of $1.65 billion for its parent group last year, is forecasting a relatively conservative number of deliveries for 2014 with a projected total that is likely to be close to the 119 jets delivered last year. In the first quarter of this year EEJ delivered 20 jets, including 17 Phenom light jets and three larger models from its Legacy and Lineage families.

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