Brazil’s Air Force to cut Embraer order to 15 aircraft -report & More News Here

An Embraer brand is pictured throughout the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. REUTERS/Denis Balibouse

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SAO PAULO, May 23 (Reuters) – The Brazilian Air Force has determined to cut its order for Embraer SA’s (EMBR3.SA) KB-390 navy cargo planes to 15 aircraft from 22 beforehand, in accordance to a report from native newspaper O Globo on Monday.

Lieutenant-Brigadier General Carlos de Almeida Baptista Junior mentioned the Air Force will additional cut back its order due to price range unpredictability, in accordance to the report.

“We can’t afford it in the short term,” O Globo quoted him as saying.

The Air Force had mentioned in November it could unilaterally cut its unique 28-aircraft order to 15, however in February had reached a cope with Embraer to cut back it to 22 planes. learn extra

Embraer mentioned in a press release relating to the matter that it has a contract with the Brazilian Air Force to provide it with 22 aircraft, whereas the Air Force didn’t instantly reply to a request for remark.

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Reporting by Alberto Alerigi Jr. and Peter Frontini; Editing by Sandra Maler

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Our Standards: The Thomson Reuters Trust Principles.

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