Embraer, the Brazil-based company that makes commercial, military, and corporate aircraft and also provides aircraft-related services, has announced a sharp fall in its profits for the fourth quarter of 2008.

On November 28, 2008, China successfully completed the maiden flight of its first independently developed regional jet aircraft, the ARJ21-700. Embraer and Bombardier better watch out!

Empresa Brasileira de Aeronautica SA, commonly called Embraer, the aerospace conglomerate based in Brazil, has received orders for its Legacy executive jets - total value of order is $208.2 million.

Embraer, the Brazilian aerospace conglomerate that produces commercial, military, and corporate aircraft, is holding preliminary negotiations to sell the United States government the 314-B1 Super Tucano light attack and training planes.