How Brazil’s Embraer turned its fortunes around

When Covid hit Brazil two years in the past, the outlook for airplane producer Embraer was bleak. The corporate that was as soon as thought-about the crown jewel of Brazilian business had reached an settlement in 2019 to promote its worthwhile industrial aviation division to Boeing, leaving uncertainty hanging over the way forward for its protection and government jet divisions. In early 2020, airplanes worldwide have been grounded because the coronavirus unfold the world over, casting a cloud over the aviation business globally. 

Then, in April 2020, Boeing unilaterally pulled out of the USD 4.2 billion merger, accusing Embraer of getting failed to satisfy contractual…