Embraer Scandal Essay

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Recommended: Brazil economic

However, Brazil incredible story of economic growing has stopped, the last 2 years the economy suffered profound contractions. As you can see below in the table, the GDP suffer huge drops from 2012 to 2015, and the economic growth shrink from 3.0 (2013) to 0.1(2014) and incredibly became negative with a -3.8 (2015)
The Brazil economic disaster is consequence of the high inflation rates, depressed confidence levels, low prices for exports goods, corruption (from the highest levels) and bad government policies.

Current Issues:
- Petrobras Corruption Scandal.
- Drop of oil prices
- Devaluation of the Real
- Lula Da Silva arrest.
- Dilma Rousseff lost of popularity.
Brazil top corporations.
Embraer:
Overview and background.Founded in August 19th …show more content…

Almost $400 million in 2014, as a result of this investments the company create niche markets, one of their mot popular the 90-120 seat planes that satisfied a demand in a vacant market.
Superior costumer service is also a key strategy to create loyal costumers. Embraer provides after-sale support for parts, services and technical assistance. It also offers 24-hours field support, 365 days a year.
Embraer huge development in commercial aviation leads the company to dominate their own league in mid-size commercial airplanes. Having delivered more than 1,000 ERJ’s since 1996. Dominating with more than 37 airlines companies in 23 countries.
But it also owns an important market share in the market of the Embraer E-jet Family, with models such as the 170, 175, 190, 195, that goes from 80 to 122 passengers. These jets operate in more than 45 airlines in 30 countries.
One of the success of their airplanes is the high level of compatibility of each airplane between all of their models, also the spacious of the cabins, huge baggage compartments, forward and rear cargo holds, superior technology, reliability and state of the arte overall …show more content…

In 2000 they launched the Legacy 600 that was a huge hit by the company in a dominated market by such huge companies as Gulfstream, Citation, Dassault and Bombardier.
They positioned Embraer as very important competitor in the market for long-range airplanes, offering excellent products with a very cost effective strategy.
And they started exploring in other categories with smaller and short-range planes such as the Phenom 100, Phenom 300.
Growth and financial position.Since the privatization of the company Embraer has shown remarkable growth, especially in the commercial, military and executive market. It has expanded worldwide with the expansion program started in 2006, where they developed four new centers, 3 of them in North America and in Europe. Specialized in authorized maintenance of the airplanes.
The company declared $5.7 billion in revenue for 2013, with a net income of $329.1.

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