Airplane maker Embraer CEO says supply chain is improving

Written by Gabriel Araujo

SAO JOSE DOS CAMPOS (Reuters) – Brazil’s Embraer’s chief executive said on Friday that supply chain problems affecting the aircraft maker are improving, but some challenges remain. He said that

Francisco Gomez Neto told reporters at an event in Sao Jose dos Campos that Embraer was now in a “very good situation” after a difficult few years.

Neto said last month that the company’s estimates for aircraft deliveries in 2024 would be even higher if not for the supply chain bottlenecks that are frustrating aircraft manufacturers.

Neto, along with Brazilian President Luiz Inacio Lula da Silva, said at an event on Friday that Embraer intends to invest about 2 billion reais ($390.9 million) in the country this year and hire more than 900 people. Stated.

Embraer said in a statement after the event that its investment plans include developing technology used in “flying cars” that its Eve subsidiary is producing.

Embraer added that it intends to invest further in the services and defense sectors, as well as in projects aimed at improving efficiency and industrial activity.

Embraer, the world’s third-largest aircraft manufacturer after Boeing and Airbus, currently estimates deliveries of 125 to 135 executive jets this year, compared to 115 in 2023.

Deliveries from the civil aviation sector are expected to number between 72 and 80 aircraft, up from 64 aircraft last year.

(1 dollar = 5.1161 reais)

(Reporting by Gabriel Araujo; Writing by Andre Romani; Editing by Brendan O’Boyle)

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