Embraer Cuts Delivery Forecasts On 2Q Loss

Credit: Phenom 300: Embraer
OSHKOSH, Wisconsin—Embraer has posted a net loss for the second quarter of 2016, and has set aside a $200 million loss contingency in connection with an investigation under the Foreign Corrupt Practices Act. High levels of used jet inventories and a highly competitive environment have put continued...

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