EMBRAER BELIEVES THAT it is only a couple of years away from returning to profit after some early signs of recovery in 1995, the Brazilian manufacturer's first year under private ownership.
Although losses totalled $232 million for the full year, Embraer says that it made a significant recovery in the second half of the year. The loss compares with $320 million in 1994.
President Mauricio Botelho predicts that the loss will be reduced to $40 million this year, and the first profit for nearly a decade is expected in 1997. The company is banking on the success of its EMB-145 regional jet, with first deliveries scheduled towards the end of this year, to keep the recovery rolling.
Source: Flight International
