Embraer is “cautiously optimistic” about its executive jet segment amid a used aircraft market that remains challenging, the company said March 9 as it released fourth-quarter and full-year 2016 financial results. Still, the Brazilian manufacturer expects gradual improvements in the market for new business jets. “We believe the worst is over now,” Embraer CEO Paulo Cesar de Souza e Silva said during a conference call with analysts. But he also said the number of used ...

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