Embraer Bizjet Deliveries Down in 2011
Embraer’s business aircraft deliveries declined to 99 last year from 144 in 2010, according to the Brazilian OEM’s fiscal-year 2011 and fourth-quarter 2011 results. Embraer Executive Jets’ share of total company revenue dropped to 19 percent last year from 23 percent in 2010. The company delivered 50 business jets (more than half the annual total) in last year’s fourth quarter, 11 fewer than for the same period in 2010.
Last year, said president and CEO Frederico Fleury Curado, “was marked by signs of continued recession, mainly echoing from Europe.” He also pointed out that the used aircraft market continues to hinder new aircraft sales, a threat coming mainly from “a large offering of young used aircraft at competitive prices.”
By contrast, he said, Embraer remains encouraged by the selection of the Phenom 300 light jet by fractional operators NetJets and Flight Options in late 2010. The combined total firm orders are for 150 airplanes worth more than $2 billion including options. Orders for Flight Options are already being delivered and deliveries for NetJets will start next year. The Phenom 300 is “doing quite well,” Curado said.