v3.26.1
INFORMATION BY OPERATING SEGMENTS AND GEOGRAPHIC AREA (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure of operating segments [abstract]  
Summary of Income Data by Operating Segment
Result by segment
12.31.2025
 Commercial AviationDefense & SecurityExecutive AviationServices & SupportTotal reportable SegmentsOther SegmentsUnallocated*
Total
Revenue2,369.8 983.9 2,205.1 1,925.6 7,484.4 93.1 — 7,577.5 
Cost of sales and services(2,174.2)(820.5)(1,781.3)(1,406.5)(6,182.5)(66.3)— (6,248.8)
Gross profit195.6 163.4 423.8 519.1 1,301.9 26.8 — 1,328.7 
Operating income (expense)(132.7)(85.9)(158.4)(220.8)(597.8)(91.4)(31.9)(721.1)
Operating income (loss) before financial result62.9 77.5 265.4 298.3 704.1 (64.6)(31.9)607.6 
(*) The expenses incurred in 2025 relate to a specific corporate strategic project and are not linked to the performance of the operating segments. For this reason, these expenses are presented separately from the results of the operating segments in the reports used by the Company's chief operating officer for decision-making.
12.31.2024
Commercial AviationDefense & SecurityExecutive AviationServices & SupportTotal reportable SegmentsOther SegmentsUnallocated*
Total
Revenue2,208.6 720.9 1,762.7 1,636.5 6,328.7 66.0 — 6,394.7 
Cost of sales and services(2,008.9)(590.9)(1,407.7)(1,179.0)(5,186.5)(55.1)— (5,241.6)
Gross profit199.7 130.0 355.0 457.5 1,142.2 10.9 — 1,153.1 
Operating income (expense)(144.5)(85.4)(149.0)(187.5)(566.4)(67.3)148.1 (485.6)
Operating income (loss) before financial result55.2 44.6 206.0 270.0 575.8 (56.4)148.1 667.5 
(*) In 2024 refer substantially to the reimbursement of expenses received in the context of arbitration.
12.31.2023
Commercial AviationDefense & SecurityExecutive AviationServices & SupportTotal reportable SegmentsOther SegmentsUnallocated*Total
Revenue1,846.8 515.4 1,408.2 1,417.6 5,188.0 80.5 — 5,268.5 
Cost of sales and services(1,698.3)(429.6)(1,134.8)(1,039.0)(4,301.7)(57.2)— (4,358.9)
Gross profit148.5 85.8 273.4 378.6 886.3 23.3 — 909.6 
Operating income (expense)(124.6)(57.5)(146.6)(163.4)(492.1)(55.9)(47.1)(595.1)
Operating income (loss) before financial result23.9 28.3 126.8 215.2 394.2 (32.6)(47.1)314.5 
(*) Expenses incurred in 2023 refer to corporate demands not directly related to operational segments. For this reason, these expenses are presented separately in the reports used by the Company's main operations manager for decision-making.
Summary of Revenue by Geographic Area and Operating Segment
Revenue by geographic area and operating segment
12.31.2025
Commercial AviationDefense & SecurityExecutive AviationServices & SupportTotal reportable SegmentsOther SegmentsTotal
North America1,886.7 14.6 1,538.8 1,009.3 4,449.4 1.5 4,450.9 
Europe414.1 623.6 299.2 481.3 1,818.2 22.5 1,840.7 
Asia Pacific35.9 204.5 5.3 158.8 404.5 4.6 409.1 
Latin America (except Brazil)33.1 24.8 30.1 54.0 142.0 — 142.0 
Brazil— 115.5 320.5 129.7 565.7 64.5 630.2 
Other— 0.9 11.2 92.5 104.6 — 104.6 
2,369.8 983.9 2,205.1 1,925.6 7,484.4 93.1 7,577.5 
12.31.2024
Commercial AviationDefense & SecurityExecutive AviationServices & SupportTotal reportable SegmentsOther SegmentsTotal
North America1,615.6 0.1 1,330.3 835.1 3,781.1 0.1 3,781.2 
Europe440.8 384.6 204.1 408.0 1,437.5 — 1,437.5 
Asia Pacific29.0 60.2 35.3 131.7 256.2 — 256.2 
Latin America (except Brazil)95.4 81.2 36.7 53.9 267.2 — 267.2 
Brazil0.3 181.9 156.3 127.0 465.5 65.9 531.4 
Other27.5 12.9 — 80.8 121.2 — 121.2 
2,208.6 720.9 1,762.7 1,636.5 6,328.7 66.0 6,394.7 
12.31.2023
Commercial AviationDefense & SecurityExecutive AviationServices & SupportTotal reportable SegmentsOther SegmentsTotal
North America1,489.4 1.0 1,054.1 737.8 3,282.3 — 3,282.3 
Europe293.8 304.9 226.9 305.1 1,130.7 — 1,130.7 
Asia Pacific— 67.1 20.1 117.3 204.5 — 204.5 
Latin America (except Brazil)32.2 — 21.4 44.6 98.2 — 98.2 
Brazil4.2 141.9 85.7 141.4 373.2 80.5 453.7 
Other27.2 0.5 — 71.4 99.1 — 99.1 
1,846.8 515.4 1,408.2 1,417.6 5,188.0 80.5 5,268.5 
Summary of Revenue by Category and Operating Segment
Revenue by category and operating segment
12.31.2025
 
Commercial
Aviation
Defense &
Security
Executive
Aviation
Services &
Support
Total reportable Segments
Other
Segments
Total
Aircraft2,369.0 — 2,205.1 — 4,574.1 32.4 4,606.5 
Long-term contracts - aircraft and development— 919.1 — — 919.1 — 919.1 
Other0.8 18.7 — 49.2 68.7 — 68.7 
Service— 42.3 — 1,352.3 1,394.6 22.6 1,417.2 
Spare Parts— 3.8 — 524.1 527.9 38.1 566.0 
2,369.8 983.9 2,205.1 1,925.6 7,484.4 93.1 7,577.5 
12.31.2024
Commercial
Aviation
Defense &
Security
Executive
Aviation
Services &
Support
Total reportable Segments
Other
Segments
Total
Aircraft2,199.8 — 1,762.7 — 3,962.5 40.5 4,003.0 
Long-term contracts - aircraft and development— 661.2 — — 661.2 — 661.2 
Other8.8 16.5 — 17.9 43.2 0.3 43.5 
Service— 42.2 — 1,172.0 1,214.2 15.0 1,229.2 
Spare Parts— 1.0 — 446.6 447.6 10.2 457.8 
2,208.6 720.9 1,762.7 1,636.5 6,328.7 66.0 6,394.7 
12.31.2023
Commercial
Aviation
Defense &
Security
Executive
Aviation
Services &
Support
Total reportable Segments
Other
Segments
Total
Aircraft1,834.1 13.2 1,408.2 — 3,255.5 44.7 3,300.2 
Long-term contracts - aircraft and development— 457.3 — — 457.3 — 457.3 
Other12.7 — — 17.7 30.4 0.7 31.1 
Service— 41.3 — 956.3 997.6 24.0 1,021.6 
Spare Parts— 3.6 — 443.6 447.2 11.1 458.3 
1,846.8 515.4 1,408.2 1,417.6 5,188.0 80.5 5,268.5 
Summary of Assets by Operating Segment
Assets by operating segment
12.31.2025
 
Commercial
Aviation
Defense &
Security
Executive
Aviation
Services &
Support
Other
Segments
Total
reportable
Segments
Total
Property, plant and equipment556.9 174.5 412.9 960.1 26.5 2,130.9 2,130.9 
Intangible assets1,194.8 146.6 959.3 38.9 381.7 2,721.3 2,721.3 
Right of use4.2 4.3 12.3 85.1 0.3 106.2 106.2 
1,755.9 325.4 1,384.5 1,084.1 408.5 4,958.4 4,958.4 
12.31.2024
Commercial
Aviation
Defense &
Security
Executive
Aviation
Services &
Support
Other
Segments
Total
reportable
Segments
Total
Property, plant and equipment625.7 177.5 465.3 656.8 16.0 1,941.3 1,941.3 
Intangible assets1,202.9 126.3 923.1 39.2 211.4 2,502.9 2,502.9 
Right of use4.2 4.2 14.4 80.3 1.6 104.7 104.7 
1,832.8 308.0 1,402.8 776.3 229.0 4,548.9 4,548.9 
Summary of Assets by Geographical Area
Assets by geographic area
12.31.2025
 
North
America
EuropeAsia PacificBrazilTotal
Property, plant and equipment491.0 503.0 84.7 1,052.2 2,130.9 
Intangible assets458.0 85.0 — 2,178.3 2,721.3 
Right of use68.3 18.4 2.1 17.4 106.2 
1,017.3 606.4 86.8 3,247.9 4,958.4 
12.31.2024
North
America
EuropeAsia PacificBrazilTotal
Property, plant and equipment449.1 398.5 76.4 1,017.3 1,941.3 
Intangible assets279.1 73.8 — 2,150.0 2,502.9 
Right of use72.0 15.0 1.4 16.3 104.7 
800.2 487.3 77.8 3,183.6 4,548.9