Embraer posts net income of US$ 105.1 million for first quarter 2011
Embraer reported that as a result of aircraft deliveries and product mix, 1Q11 revenues increased to US$ 1,055.7 million when compared to US$ 992 million in 1Q10. During the 1Q11, the contribution of aviation services to the Company’s total revenue was 15.4%, above the 2010 contribution of approximately 11%. EBIT and EBIT margin were US$