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Embraer cuts delivery forecast and jobs

02 March 2009

Manufacturer Embraer cuts its 2009 delivery forecast and plans to shed a fifth of its workforce in response to the global economic downturn.

Read more: Embraer aircraft production aircraft jobs aviation jobs

Brazilian aircraft manufacturer Embraer has revised down its delivery estimate for 2009 and is to cut 20% of its global workforce. The company says it now expects to deliver 242 commercial and executive jets this year, down from the...


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“At the current pricing it will become attractive again to issue Ex-Im-guaranteed bonds. This will help stabilize and drive pricing down from where it is now.”

Kostya Zolotusky, managing director, capital markets, Boeing Capital, says about the price of export credit.

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