Brazilian authorities held two U.S. pilots in connection with the September 29 midair collision that caused a Gol Airlines Boeing 737 to plunge into the Amazon jungle, killing all 154 on board and beginning a harrowing ordeal for the business jet crew from Long Island.
Gol Transportes Aéreos
Brazil’s largest executive charter company and maintenance provider has seen significant benefits from improvements in the Brazilian economy. Líder Aviação, which recently changed its name from Líder Taxi Aéreo, saw a significant improvement in its charter operations last year and has been enjoying a boom in aircraft sales in the early part of this year.
A proposed wholesale change to Embraer’s capital structure will see CEO Mauricio Botelho leave his chief executive’s post in April next year and become chairman of the new company until April 2009, the end of his three-year term. Embraer’s CEO since September 1995, 10 months after the company became a private enterprise, Botelho called the decision to step down a personal one.
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