EMBRAER S.A.: NOTICE TO THE MARKET
Embraer S.A. has announced that the Brazilian Federal Government intends to suppress one aircraft related to contracts established in 2014. The company, which trades under NYSE: ERJ, plans to evaluate the implications of this decision on the economic balance of the contracts and its overall business performance. The assessment will consider potential effects on financial results stemming from the aircraft suppression. The executive team, led by CFO Antonio Carlos Garcia, will ensure that all relevant terms are scrutinized accordingly.
- None.
- Possible negative impact on contract fulfillment due to government decision.
- Uncertainty regarding financial implications from the aircraft suppression.
SÃO JOSÉ DOS CAMPOS, Brazil, Aug. 9, 2022 /PRNewswire/ -- Embraer S.A. (B3: EMBR3, NYSE: ERJ) ("Company") informs its shareholders and the market that it became aware of the Brazilian Federal Government's decision to suppress one aircraft in the context of Contracts 002/DCTA-COPAC/2014 and 10/DCTA-COPAC/2014, entered into in 2014 among the Brazilian Federal Government, Embraer and one of its subsidiaries ("Contracts").
The Company will assess the suitability of the aforesaid decision. If suitable, the Company will assess the applicable terms to ensure the Contracts economic and financial balance as well as the effects of the aircraft suppression, if it is to occur, in its business and results.
Antonio Carlos Garcia
Executive Vice-President and CFO
View original content:https://www.prnewswire.com/news-releases/embraer-sa-notice-to-the-market-301602515.html
SOURCE Embraer S.A.
FAQ
What decision did the Brazilian Federal Government make regarding Embraer (ERJ) on August 9, 2022?
How will Embraer assess the impact of the government's decision on its contracts?
Who is the Executive Vice-President and CFO of Embraer?
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