Embraer Posts Positive 1Q Earnings

By Madhu Unnikrishnan madhu_unnikrishnan@aviationweek.com .

Embraer SA posted first-quarter 2011 earnings that were higher than the same quarter last year, reporting a net income of $105.1 million, up from $24.1 million in the first quarter of 2010.

The rise largely is attributable to tax credits from the appreciation of Brazil’s real. The appreciation of the real is a “real challenge,” the company says, and Embraer’s ...

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