Embraer readjusts production after end of $4.2 bn deal

Brazilian aircraft maker Embraer said on Sunday that after the end of the $4.2 billion deal with Boeing announced over the weekend, it is working to adjust its production levels and capital expenditures to save resources. The company added in a statement that it ended 2019 with a “solid cash position” and had “no significant debt for the next two years”.

Source: Money Times