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By Bjorn Fehrm
June 1, 2023, © Leeham News: We attended a briefing on Embraer’s strategy for the years ahead last week. The company has regrouped after the failed Joint Venture with Boeing in 2020 and the tough COVID years.
The focus has been on streamlining operations after the carve-out of the Commercial Aviation division was reversed. The reintegration was followed by efficiency projects in all divisions to lower costs, free capital, and pay down debt.
Only from a strengthened economic base can Embraer go for growth in the years ahead.
Embraer E2 jet ordered by Scoot. Source: Embraer.
Summary:
- Embraer has turned corners in Finance, Executive jets, and Defense with the KC-390.
- Now, the E-Jets shall follow, with sales of E2s picking up over the last six months.
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