"We had to reinvent ourselves, to reintegrate the commercial aviation and restart," Neto told Fortune in an interview last week. "It was a baptism by fire."
In mapping out his strategy, Neto solicited input from 70 Embraer executives, whom he credits with getting the company through the turbulence.
Neto says Embraer revenue should be around $6 billion or slightly higher this year, on track to hit $10 billion by the end of the decade.
He says that Embraer's current order backlog of $21 billion proves the company has executed what he calls "the best turnaround".
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