Air Transport World

Embraer nears stock sale.(Brief Article)(Statistical Data Included)

Embraer will launch an IPO sometime after the first of the year to raise capital for ongoing programs, including development of 70- and 90-seat twinjets, the ERJ-170 and ERJ-190. Morgan Stanley is expected to lead a group of underwriters on the IPO for the Brazilian manufacturer, ATW has learned. Local observers in Brazil estimate Embraer needs $1.2 billion to develop its new products.

The IPO is the latest turn of events for Embraer, which in late Oct. …

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