 Product CategoriesLinks |
|
Recommend Product
2016-08-22
|
2016-08-22
|
2016-08-22
|
Introduction
History:
Embraer EMB 110 Bandeirante, an early model
Seeking to develop a domestic aircraft industry, the Brazilian government made several investments in this area during the 1940s and '50s. However, it was not until 1969 that Empresa Brasileira de Aeronáutica (Embraer) was created as a government-owned corporation. Its first president, Ozires Silva, was a government appointee, and the company initially produced a turboprop passenger aircraft, the Embraer EMB 110 Bandeirante.
Early growth:
The Brazilian Government contributed to Embraer's early growth by providing production contracts. The company sold solely to the domestic market until 1975.
While military aircraft made up the majority of Embraer's products during the 1970s, including the Embraer AT-26 Xavante and the Embraer EMB 312 Tucano,[citation needed] by 1985, it had debuted a regional airliner, the Embraer EMB 120 Brasilia.[11] Aimed at the export market, this plane was the first of Embraer's highly successful small airliners.
License-built Pipers:
In 1974, the company started to produce Piper Aircraft light planes under license.[13] Piper first put together knock-down kits in their US factory for Embraer to assemble and market in Brazil and Latin America.[citation needed] By 1978, most of the parts and components were being sourced locally. Between 1974 and 2000, nearly 2,500 license-built Pipers were produced by Embraer.
Privatization:
Born from a Brazilian government plan and havin been state-run from the beginning, Embraer began a privatization process during the government of Itamar Franco.[14] This was a period of privatization for many state-controlled companies in Brazil. Embraer was sold on December 7, 1994, which helped it avoid a looming bankruptcy. The company continued to win government contracts.
The Brazilian government retains interest through possession of golden shares, which allow it veto power.
Initial public offerings:
In 2000, Embraer made simultaneous initial public offerings on the NYSE and BM&F Bovespa stock exchanges. In 2008 its NYSE-traded shares were American Depositary Receipts representing 4 BM&F Bovespa shares and ownership was : Bozano Group 11.10%, Previ 16.40%, Sistel 7.40%, Dassault Aviation 2.1%, EADS 2.1%, Thales 2.1%, Safran 1.1%, Government of Brazil 0.3%, the remainder being publicly traded.
As of December 31, 2014 the shareholders with more than 5% of the Company´s Capital were :
Oppenheimer Funds, Inc., 12.29%
pt:Caixa de Previdência dos Funcionários do Banco do Brasil, 6.71%
Baillie Gifford, 6.46%
BNDESPAR, 5.31%.
[ Detailed introduction]
Latest Products
2016-08-22
|
2016-08-22
|
2016-08-22
|
|
