Embraer.
The story of how a poorly managed state company, with no innovation, goes from this:
http://www.airliners.net/open.file/1024195/L/
To this:
http://www.airliners.net/open.file/0991312/L/
After it was finally put in private hands.
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"Tout ce qui est exagéré est insignifiant." ("All that is exaggerated is insignificant.") - Talleyrand
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