Gabriel Araujo
SAO JOSE DOS CAMPOS (Reuters) – The chief executive of Brazil’s Embraer said on Friday supply chain problems affecting aircraft makers were improving but some challenges remained.
Francisco Gomes Neto told reporters at an event in Sao Jose dos Campos, where the company is based, that Embraer is now in a “very good position” after overcoming several difficult years.
Last month, Neto said the company’s forecast for aircraft deliveries in 2024 would have been higher if not for supply chain bottlenecks frustrating aircraft makers.
Embraer aims to invest about 2 billion reais ($390.9 million) in the country this year and hire more than 900 people, Neto said at an event on Friday alongside Brazilian President Luiz Inacio Lula da Silva.
Embraer said in a statement after the event that the investment plan includes developing technologies that will be used in the “flying car” being produced by its subsidiary Eve.
Embraer added that it intends to continue investing in its services and defense segments, as well as in projects aimed at improving efficiency and operational performance.
Embraer, the world’s third-largest aircraft maker behind Boeing (NYSE:) and Airbus, now estimates business jet deliveries at 125-135 this year, up from 115 in 2023.
The commercial aviation segment is expected to deliver between 72 and 80 aircraft, up from 64 aircraft delivered last year.
($1 = 5.1161 reais)