Brazilian Airline Azul and aircraft manufacturer Embraer have reached an agreement to defer its order of 59 E2 jets, which comes after the airline increased its order by 50 per cent earlier this year. The airline has made the decision to defer to help conserve cash as it faces the downturn due to the COVID-19
Brazilian aircraft manufacturer Embraer has sought advisory assistance in an move towards formally requesting Brazilian government support after a deal with Boeing fell through. Embraer has hired an investment bank, Itau BBA, to advise in talks with the Brazilian Development Bank (BNDES) for government support. The plane manufacturer is seeking credit lines of between $1
Embraer says it will be at least March 2020 before the proposed Boeing deal is concluded.
Embraer says it delivered 17 commercial aircraft in the third quarter of calendar 2019, a slight increase from 15 aircraft a year ago.