Lula Suggests Investment Direction to Brazilian Airlines

In Short:

During a visit to Embraer's headquarters in São José dos Campos, São Paulo, President Lula made sharp criticisms of Brazil's domestic airplane fleets.

In his speech, Lula urged the government and industry players, such as Gol and Latam, to reconsider their approach to purchasing airplanes from Embraer, a Brazil-based manufacturer.

Azul, which recently invested billions in acquiring 13 new jets, is currently the only Brazilian airline operating Embraer's state-of-the-art commercial aircraft.