Brazil’s Embraer, Air Force agree on cutting KC-390 orders

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The Air Force had been looking to cut orders to 15 planes – almost half of its original 28-aircraft order, which had already been reduced to 22.

Embraer said in a securities filing that the new deal definitively ended the possibility of fresh unilateral order reductions. It added the agreement preserves its cash flow and does not change its guidance for 2022.