UPDATE 3-Embraer returns to income, unveils new turboprop ideas

(Recasts with turboprop information)

By Carolina Mandl and Tracy Rucinski

SAO PAULO, Aug 13 (Reuters) – Brazilian planemaker Embraer SA posted its initial quarterly recurring revenue in far more than a few many years on Friday and took another step toward the growth of the very first brand-new Western turboprop aircraft in decades.

Turboprops are explained to be additional effective on shorter visits and are significantly appealing at a time of better oil price ranges.

Embraer’s new thought for the turboprop would function engines mounted at the rear of the aircraft, an uncommon improve from the additional common wing-mounted engines, the company’s main commercial officer, Arjan Meijer, reported on Twitter.

The business has been seeking for a lover to acquire a new turboprop that would compete with European company ATR, which dominates the sector with a extensive-set up model of about 50 to 70 seats.

Embraer had formerly sought to

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