Embraer Projections Remain Unchanged

Embraer’s projections for the year remain unchanged, CEO Frederico Curado told the Dow Jones Newswire yesterday. Revenue, he said will be $6.5 billion for the year, up from $5.2 billion last year, and $7.1 billion next year. Despite the financial turmoil roiling the industry for over a year now, Curado said Embraer has had no cancellations although customers are finding financing harder to get. The company is still on track for delivering 195 to 200 commercial aircraft in addition to 10-15 Phenom very light jets and projects further deliveries of another 195 jets and 120-150 Phenoms next year.