Brazil's Embraer joins ranks of leading aircraft makers

03/29/2010 | Wall Street Journal, The

Despite the global downturn, Brazil's Empresa Brasileira de Aeronautica SA, better known as Embraer, has risen to become one of the four largest makers of commercial passenger aircraft in the world. A decline in demand for passenger planes forced the company to lay off 20% of its staff last year, but it still has more than 1,700 orders for aircraft, with a catalog value of more than $16 billion.

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Wall Street Journal, The

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