May 5, 2020 / 3:43 PM / a month ago

Brazil's Embraer not in trouble, has bright future - Treasury Secretary

FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company's headquarters in Sao Jose dos Campos, Brazil February 28, 2018. REUTERS/Roosevelt Cassio

BRASILIA (Reuters) - Brazil’s Treasury Secretary Mansueto Almeida on Tuesday denied that planemaker Embraer (EMBR3.SA) is in trouble and faces a difficult future after the recent collapse of the $4.2 billion sale of its commercial jet arm to Boeing (B.N).

Speaking in an online discussion hosted by consultancy Arko Advice, Almeida said he was unaware of reports that Embraer is in talks with development bank BNDES over a $1 billion rescue package. Embraer confirmed on Tuesday it is considering a range of financing options, including with the BNDES.

Reporting by Marcela Ayres; Writing by Jamie McGeever

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