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Aircraft and industry. Embraer downgrades its estimates for 2014

São Paulo, Brazil - Meanwhile the Brazilian company launches its products on Southeast Asia markets to exploit the development potentialities of connections to smaller cities of the region

Embraer shares fell by 4% on Wednesday 14 January to 21.74 Real, their lowest level since October. The drop came after the company said that it had revised its estimate for 2014 free cash flow because of delays in payments. “This adjustment is mainly due to the fact that expected revenues did not materialise and we had an increase in accounts receivables, reflecting an extension in the effective p...

AVIONEWS - World Aeronautical Press Agency - 1165449
Rome, Italy, 01/15/2015 12:08
AVIONEWS - World Aeronautical Press Agency

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