Embraer Welcomes the President of Brazil with 900 Jobs and a $390 Million Investment

Embraer, the Brazilian aircraft firm, has had a busy April. Only one week after declaring that it had the largest order backlog in the previous seven years ($21.1 billion), the Embraer team threw a lavish welcome for the president of Brazil at its São José dos Campos headquarters.

Brazil's President, Luiz Inácio Lula da Silva, paid a visit to the Embraer headquarters and primary manufacturing facility on April 26. São José dos Campos, some 60 miles from São Paulo, is the location of the company's headquarters. The news that Embraer plans to generate 900 jobs and invest around $390 million this year would have thrilled the president.

Embraer is investing heavily in order to fulfill the need for more airplanes and to prepare for future development through the creation of new businesses, goods, and services. In order to get its staff back to pre-pandemic levels, the firm recruited 1,500 workers last year. As of right now, it employs over 19,000 direct workers globally, with about 88% of them headquartered in Brazil.

Executive aviation, services and support, defense and security, and commercial aviation make up Embraer's four primary business sectors. Embraer delivered 25 aircraft in the first quarter of 2024, up 67% over the same time in 2023. The company anticipates delivering between 197 and 215 aircraft in total year 2024.

The additional funding will go toward research and development initiatives that examine cutting-edge technology, such those required for eVTOLs (electric vertical take-off and landing vehicles) and the growth of aviation services. This expansion will help with military and security, efficiency development initiatives, the growth of industrial operations, and the conversion of passenger aircraft into cargo planes.

Francisco Gomes Neto, President and CEO of Embraer, stated that the company is entering a new stage of growth centered on efficiency and innovation and is committed to realizing its full potential in the many operational divisions to accomplish more environmentally friendly aviation.

"And through partnerships with the public and private sector, we are expanding sales, opening new markets and investing in new technologies, which makes it possible to increase the export of high-value-added products and create thousands of highly qualified jobs in Brazil."

Ninety percent of the new positions are for operational, hands-on duties, and the other nine hundred employees will be hired over the course of the year. Opportunities for mechanics, electricians, millers, molders, aviation maintenance technicians, and seasoned quality technicians will arise from these occupations.

Additionally, Embraer will be hiring production trainees, who will work with internal mentors to complete training and qualifying procedures. There will also be openings for administrative and engineering positions. Embraer had a definite order backlog of 381 aircraft at the end of March, valued at $21.1 billion, a 13% increase over the previous year.

Embraer made $5.26 billion in total revenue last year; this year, it anticipates making between $6 and $6.4 billion. This year, it anticipates deliveries of between 72 and 80 commercial aircraft and between 125 and 135 corporate jets. The income was boosted by the delivery of 181 planes.

President Luiz Inacio Lula da Silva assisted in the launch of an Azul E195-E2 passenger plane, one of 13 that the airline will acquire this year, as shown in the pictures. There were 179 E195-E2s in the backlog as of Q1; the largest number of unfulfilled orders was 51 for Azul, followed by 43 for Porter Airlines of Canada and 28 for lessor Aercap.

In Brazil, Embraer is the top producer of high-value commodities and the market leader in the production of commercial airplanes with up to 150 seats. Since its founding in 1969, the company has delivered over 8,000 airplanes and operates offices, service facilities, and parts distribution sites throughout the Americas, Europe, Asia, and Africa, among other locations.