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Embraer Wins Order
Brazil’s Embraer, the world’s fourth-biggest aircraft maker, won a $400 million order for 15 aircraft from Saudi Arabian Airlines, the first Middle-Eastern carrier to buy the company’s new, bigger jets. The state-run airline ordered 15 Embraer 170 aircraft with delivery due to begin in December. Embraer is trying to secure orders from Europe and other parts of the world to offset the growing risk that some of the company’s cash-strapped US customers may continue to cancel orders.
