Sao Jose dos Campos, Brazil, 16 April – Brazilian aircraft manufacturer Embraer said Tuesday in Sao Jose dos Campos it had delivered 40 jet aircraft in the first quarter of this year, as compared to 45 in the same period of 2008 and 59 in the previous quarter.
Embraer’s portfolio of firm orders also accompanied the global economic recession, which led to some orders being cancelled and its value falling to US$19.7 billion at the end of March, as compared to US$20.9 billion at the end of December, 2008.
At the end of the third quarter of 2008 Embraer’s firm order portfolio totalled US$21.6 billion.
Embraer, which also manufactures luxury jets and military aircraft, was particularly hit by the credit crunch and reduced air traffic.
Last February, the company cut 4,200 jobs, or around 20 percent of its workforce leading to a complex and expensive legal dispute with unions.
Embraer, whose main rival in the regional aviation market is Canada’s Bombardier, expects to deliver 242 jet aircraft this year, as compared to 204 in 2008, following an initial projection of 270 aeroplanes. (macauhub)