Brazil-based global major aerospace group Embraer reported its results for the third quarter of this year (3Q22) in São Paulo, Brazil, on Monday. The group reported a net loss (attributable to Embraer shareholders) for the quarter of $30.2-million. This, however, represented a significant year-on-year (y-o-y) improvement: during the third quarter of last year (3Q21), it had recorded a net loss of $45-million. At the end of 3Q22 the group had a net debt of $1.3-billion. Again, this was a significant y-o-y improvement, the net debt at the end of 3Q21 having been $1.8-billion. “The decrease in the company’s net debt position is a result of cash generation during the last four quarters and also Embraer’s liability management strategy to reduce the gross debt and the interest expenses,” said the company.