Embraer chief predicts slow recovery, fewer players

07/7/2009 | Business & Commercial Aviation

Embraer CEO Frederico Fleury Curado expects to a see a turnaround in the commercial jet market by 2011, though it could be "more than five" years before corporate aircraft deliveries regain their 2007-2008 levels. "I don't think the business jet market will disappear," he told reporters in Paris. "It may shrink, it may have fewer players, but we believe we can be one of those players." Though he expects consolidation among general aviation manufacturers, Curado says Embraer is focused on "organic" growth rather than buying a rival. "[U]nless there is a very natural fit, we probably would not do it," he says.

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