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Embraer overcomes 2001 crisis

Brazilia, Brasil - The company reports 468 USDm profits

Establishing a strategy to maintain production levels, dismissing 1,800 employees and focusing on cutting costs, Brazilian company Embraer has reached its result to overcome the 2001 crisis, registering a 468USDm profit, nearly a third from year-ago levels. The strong support of customer financing has left the Brazilian company with $23 million in cash, down from $772 million in 2000, and $672...

AVIONEWS - World Aeronautical Press Agency - 25704

AVIONEWS - World Aeronautical Press Agency
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