Gomes Neto News Today : Breaking News, Live Updates & Top Stories | Vimarsana

SAO JOSE DOS CAMPOS (Reuters) -The chief executive of Brazil's Embraer said on Friday that supply chain issues impacting planemakers have been improving but some challenges remain. Francisco Gomes Neto told reporters at an event in Sao Jose dos Campos, where the company is based at, that Embraer is in a "very good place" right now after overcoming some difficult years. Embraer intends to invest some 2 billion reais ($390.9 million) in the country this year and hire over 900 people, Neto said at Friday's event alongside Brazilian President Luiz Inacio Lula da Silva.

Embraer reports a full-year profit in 2023, with a 16% YoY revenue growth to $5.3bn, due to expanded aircraft production, increased order backlogs, and one-time tax benefits.

Embraer plans to make a decision “in a couple of years” about where to put its resources for a next aircraft development program, CEO Francisco Gomes Neto says.

TIM ROBINSON FRAeS and STEPHEN BRIDGEWATER provide a look at some of the most exciting news and highlights from the first day at the Singapore Airshow 2024.

SINGAPORE : Embraer is less affected than some other companies by issues with Pratt & Whitney engines but not immune, a senior executive at the Brazilian planemaker said on Tuesday.Embraer has confidence in Pratt & Whitney, and they have a "close and connected relationship" that will help the parties work