In its quest to roar back after the turmoil of the pandemic, Brazilian aerospace and defence group Embraer is imagining a not so far-off future of flying taxis and electric planes.
But as it strives to double revenues over five years, the world’s third-largest commercial plane maker has pinned its hopes on a more prosaic prediction: that the recovery in air travel will involve greater use of the smaller passenger jets that are its niche.
After two years of upheaval for the global aviation industry, Embraer is due to return to the black in 2022, according to chief executive Francisco Gomes Neto.
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