A subsidiary of Brazilian aircraft manufacturers Embraer launched this weekend in Gavião Peixoto, in the State of São Paulo, the full-scale prototype of the new flying taxi, which was introduced during the 45th edition of the Farnborough Airshow in England. According to Eve, the company behind this development, the eVTOL model represents a leap in urban aerial mobility which will transform cityscapes by 2026.
Paraguayan Authorities have issued the necessary paperwork to launch the purchase process of six Brazilian-built Embraer A-29 Super Tucano aircraft to be deployed in security and crime fighting, it was reported in Asunción Thursday.
Brazilian Aircraft manufacturer Embraer, arguably the world's third-largest, plans to invest R$ 2 billion (about US$ 390 million) in a new plant this year, it was announced last week before President Luiz Inácio Lula da Silva. The manufacturer hired 1,500 new workers last year for a 19,000 labor force it had before the pandemic.
Brazil's giant aircraft industry Embraer announced the closing of a Framework Agreement for a credit operation aimed at helping its customers purchase aircraft and air industry supplies with support from UK Export Finance (UKEF). UKEF is a British government agency focused on financing local exports, which will be the credit guarantor for future financial transactions.
Electric horizontal vertical takeoff and landing vehicles with room for up to five people are to be manufactured by Ever Air Mobility's plant 145 kilometers from the city of São Paulo, Embraer announced. The first deliveries of the so-called “flying cars” are due in 2026.
The Brazilian Development Bank (BNDES) has granted financing of R$1.3 billion for the export of eleven Embraer E-175 commercial jets to Alaska Airlines, the fifth largest airline in the USA. The funding will cover a portion of Alaska’s investment in the aircraft purchase. Disbursements will be made in Brazilian Reais in Brazil, directly to Embraer.
Brazilian aircraft manufacturer Embraer delivered 33 units in the third quarter of 2022 despite problems in the production chain, it was reported. So far this year, 79 aircraft came out, 27 commercial and 52 executive ones, against 86 in the same period of 2021.
Stock of Brazilian aircraft manufacturer Embraer went up as the company showed profits last week worth R $ 438.1 million (US $ 87.9 million) despite the pandemic's impact on the airline industry.
Brazilian aircraft manufacturer Embraer reported second-quarter losses of US$ 315 million on Wednesday, as sales plunged due to the coronavirus pandemic and a proposed joint venture with Boeing collapsed.
A union representing workers at planemaker Embraer filed a lawsuit on Friday seeking to dismiss the company's board, after a US$4.2 billion deal with Boeing Co collapsed amid the pandemic, leaving the Brazilian jet-maker scrambling for a new path forward.