March 3, 2016 / 5:33 PM / in 2 years

Embraer, Brazil concerned about state support for Bombardier -CEO

SAO PAULO, March 3 (Reuters) - Brazil and local planemaker Embraer SA are closely watching news of state support for Canadian rival Bombardier Inc’s new C-Series program with concern, Embraer Chief Executive Frederico Curado told analysts on Thursday.

“We are concerned that an artificial imbalance may be introduced into the market,” Curado said on a call to discuss fourth-quarter earnings. He said neither the company nor the government had decided whether to act on those concerns. (Reporting by Brad Haynes and Priscila Jordao)

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