Embraer has completed the reintegration of its commercial aviation business, following its split from the company’s business aviation division in 2019 to prepare for a joint venture with Boeing. A deal announced in August 2018 would have seen Boeing take an 80 percent stake in Embraer’s commercial aircraft business, but that plan unraveled in early 2020 following financial woes at Boeing stemming from the 737 Max debacle.
The Brazilian aircraft manufacturer’s reorganization process began in May 2020 and since then has been one of its main focuses under a strategic plan to make the company more efficient and profitable. According to Embraer, the reintegration ensures operational benefits and eliminates fiscal inefficiencies via an integrated, less complex, and more agile management structure.
“We believe that 2022 will be a year of growth and we are well prepared to harness the full potential of the company. So the success of the reintegration of the commercial aviation business is another important step in the process of executing our strategic planning and will result in significant operational improvements and better profitability,” said Embraer executive v-p of finance and investor relations Antonio Carlos Garcia.