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Brazilian planemaker Embraer SA on Friday boosted its net revenue forecast for 2023 as it expects supply chain disruptions to gradually ease and aircraft deliveries to increase, sending its shares higher.

The company, which in 2022 met the lower-end of its $4.5-5.0 billion net revenue forecast, said it expects to reach a net revenue of between $5.2 billion and $5.7 billion this year, which would represent growth of as much as 27%.

The move comes as Embraer, the world’s No. 3 planemaker after Boeing and Airbus, makes a shift into growth after years of recovery from the COVID-19 pandemic and a failed commercial aviation deal with Boeing, chief executive Francisco Gomes Neto told Reuters in an interview.

“Our financial turnaround is concluded,” he said. “After the pandemic and the Boeing deal, 2021 and 2022 were years of recovery. From 2023 onwards we will have years of growth.”

In 2023, Embraer said, its commercial aircraft unit is forecast to deliver from 65 to 70 jets, up from 57 last year, with sales also set for a strong performance as travel rebounds post-pandemic, restoring the firm’s backlog to its pre-2020 level.

Executive jet deliveries, meanwhile, are seen jumping as much as 27.5% to a level between 120 and 130, the firm said.

Embraer also maintained for this year its forecast of a free cash flow of $150 million or more. Last year, Embraer started with an estimate of $50 million or better but ultimately zoomed to a $540 million total.