Airline

Embraer rebuts claim court ruling could cost it over $200 million

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Embraer rebuts claim court ruling could cost it over $200 million

Embraer has announced it does not expect "material financial impacts" from a recent Brazil Supreme Court ruling on tax payments. The airframe manufacturer made the statement following a Brazilian newspaper report suggesting it could face a R$1.16bn (US$220 million) loss arising out of the ruling. Th...

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