CORPORATEBrazil
The Batista brothers plan to restart large-scale output at Avibras, with about 1,000 jobs and a focus on exports
Joesley and Wesley Batista, who bought Avibras through Globe Investimentos with unrestricted Cade approval on September 14, plan to restart large-scale output at the maker of the Astros artillery system, recover about 1,000 jobs lost in the company crisis and seek new markets abroad. According to Bloomberg Línea, citing sources, Bruno Dantas, former president of the Federal Audit Court, leads the transition and is expected to chair the board; once the investment plan is approved, Avibras will discuss Armed Forces needs with the Defense Ministry and map priority export markets.