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    Phenom 300 Owner & Pilot
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    Joined Oct 2020
       #1  

    Podcast: Embraer’s CEO On The Breakup With Boeing And Going It Alone

    Aviation Week just posted a podcast with Embraer CEO Francisco Gomes Neto. Great insight on how the the post-Boeing work is progressing.

    https://aviationweek.com/aerospace/p...going-it-alone

    Well, we believe that Boeing has wrongfully terminated the agreement, and the reason is to avoid [closing] the transaction and paying us, as you said, the $4.2 billion purchase price. Because of the reintegration of commercial aviation, I think we are progressing very well. We're doing this fast. All the administrative areas and the service areas are completely reintegrated. We have also updated our strategic plan, now including commercial aviation, and also taking into consideration the impact of COVID-19

    ....

    Embraer does not need to be saved. We did a great job in terms of financial strategy, with loans from the Brazilian bank BNDES to support our work and capital. Not only BNDES, but complemented by Brazilian and foreigner other banks we have reached out. More recently, we issued some bonds to [inaudible] our debt profile.
    In regards to Executive Jets:

    Well, at this point in time, Joe, we do believe we have a great product portfolio. We have basically four products. We have the two Phenoms, the Phenom 300, we just launched the Phenom 300E. The 300 is the most sold aircraft in its segment for, I don't know, seven, eight years in a row. We launched the Praetors more to succeed the Legacyss, also a very modern aircraft. We are working now to enhance our sales, and working very hard to reduce the costs of those parts to be more competitive and gain market share in those fields. We do believe we have room to grow our volume in the [inaudible] market with our products. Future partnership is a possibility, but it's not on the table at this point in time.

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