Air Transport World

Embraer sales, profits decline in first quarter. (Regional News).(Brief Article)

Embraer posted sales of $557.3 million for the first quarter, a 25% drop from the 2001 quarter. Net income was $67.7 million compared to $91.4 million in same period last year. Only 30 ERJs were delivered in the quarter, down 28.6%. Net cash position increased, however, primarily owing to $83.8 million in contributions from Embraer's risk-sharing partners in the development of the 170/190, which the manufacturer cited as a clear show of support for the program. Also contributing to the cash increase was a reduction of inventory.

Embraer is forecasting a $200 billion market for 30/120-seat regional jets during the next two decades. …

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