By Gabriel Araujo
SAO JOSE DOS CAMPOS (Reuters) -The CEO of Brazil’s Embraer said on Friday supply chain issues impacting aircraft makers have improved but some challenges remain.
Francisco Gomes Neto told reporters at an event in Sao Jose dos Campos, where the company is based, that Embraer is currently in a “very good place”, having overcome some difficult years.
Last month, Neto said the company’s estimate for aircraft deliveries in 2024 would be higher if supply chain bottlenecks did not frustrate aircraft makers.
Embraer plans to invest about 2 billion reais ($390.9 million) in the country this year and hire more than 900 people, Neto said Friday at the event alongside Brazilian President Luiz Inacio Lula da Silva.
Embraer said in a statement afterwards that the investment plan includes the development of technologies that could be used in the ‘flying car’ put into production by its subsidiary Eve.
Embraer added that it plans to invest further in its service and defense segments, as well as in projects aimed at increasing efficiency and industrial activity.
Embraer, the world’s third-largest aircraft maker after Boeing (NYSE:) and Airbus, currently estimates executive jet deliveries this year between 125 and 135, up from 115 in 2023.
Deliveries from the commercial aviation segment are expected to be between 72 and 80 aircraft, compared to the 64 aircraft delivered last year.
($1 = 5.1161 reais)
