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Embraer contests Bombardier's assertion on support received from Government

Sao José dos Campos, Brasil - The Brazilian group says they received half as much

Embraer contested yesterday a claim made on 17th February by Bombardier CEO Paul Tellier, according to which over the last 3 years the Canadian EDC (Export Development Corporation) has financed 41% of local aircraft deliveries, whereas Brazil's Development Bank (BNDES) has financed more than 80% of Embraer's deliveries in the same period of time. Embraer affirmed that during the three-year period 2000-2001-2002...

AVIONEWS - World Aeronautical Press Agency - 59259

AVIONEWS - World Aeronautical Press Agency
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