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Embraer shares soar as Brazilian aircraft manufacturer shows profits

Embraer chief promises progress in 2021 on pair of new programmes

By Jon Hemmerdinger2020-12-21T14:45:00+00:00 Embraer expects by mid-2021 to have revealed more detail on its next two aircraft developments, including a long-trailled turboprop airliner. The Brazilian airframer has for several years expressed interest in bringing a new turboprop to market. While that ambition appeared to have faded following the failed merger in of its commercial aerospace unit with Boeing in April, in the past months executives have shown renewed enthusiasm for such a project. Source: Embraer Turpoprop is likely to use conventional engines Embraer chief executive Francisco Gomes Neto is the latest to confirm that a turboprop airliner remains high on its list of development priorities.

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