Word: competitors
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...nearly 8,000 employees worldwide, or about 22% of its work force, and Embraer more than 1,800 (almost 10%), as many existing orders have been postponed or converted into purchase options. Revenue is down significantly for both companies, and it was an ominous sign when a major competitor, Germany's Fairchild Dornier, filed for bankruptcy in April 2002. Embraer's usually brash CEO, Mauricio Botelho, 59, last month observed in nervous executivespeak, "The aerospace market right now is very sensitive to change...
...decade ago, few would have guessed Embraer would be Bombardier's main competitor in the regional-jet business. But Embraer's 1994 privatization heralded Brazil's new push to be a global economic player. To exploit the late-'90s boom in worldwide regional-jet travel, Botelho committed Embraer to lighter, faster, farther-ranging and less expensive jets, which proved attractive to airlines even though they weren't--and still aren't--considered as technologically advanced as Bombardier's. Says Doug Abbey, executive director of the Regional Air Service Initiative, an industry advocacy group in Washington: "Embraer is the risk-taking...
...this much, but we know at the nationals there won’t be this much of a margin nearly, so it would be nice to have a close race now,” McDaniel said. “But our junior varsity is a very good competitor in practice so we’re not too worried about having no one to race...
...depression, which has left 58% of Argentines in poverty and 24% of them unemployed. Yet those same polls show that Menem, 72, of the Peronist Party, is the surprising front runner in this Sunday's presidential election. Although his numbers are relatively small - 18.3% vs. 16.8% for his closest competitor, Santa Cruz Governor Nestor Kirchner, another Peronist - half of those polled say they think Menem will win. As bad as Menem may have been as President, say Argentine pundits...
...nearly 8,000 employees worldwide, or about 22% of its work force, and Embraer more than 1,800 (almost 10%), as many existing orders have been postponed or converted into purchase options. Revenue is down significantly for both companies, and it was an ominous sign when a major competitor, Germany's Fairchild Dornier, filed for bankruptcy in April 2002. Embraer's usually brash ceo, Maurício Botelho, 59, last month observed in nervous executivespeak, "The aerospace market right now is very sensitive to change." Investors feel the same way. Embraer stock has fallen from the high $30s before...