Mauricio Botelho Recognized at LABACE

Aviation International News » November 2008
October 27, 2008, 11:38 AM

Former Embraer president and CEO Mauricio Botelho was honored at the opening general session of the Latin American Business Aviation Conference & Exhibition (LABACE) in August as the Brazilian Emeritus Aviation Personality. Botelho accepted the award on behalf of the company for which he assumed responsibility in 1995. The year before, Embraer had recorded losses of $330 million on revenues of just $250 million. By 1998, under Botelho’s leadership, Embraer was showing a profit. He turned the company over to his successor, Frederico Corado, in April 2007. That year, Embraer revenues came in at $5.245 billion, and net income was reported at $489.3 million.

Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.