Embraer: Growth To Return in 2012
“Only in 2012 will [business jet] deliveries start growing again,” Embraer executive vice president Luis Carlos Affonso said in a pre-LABACE press briefing. He expects 2010 and 2011 will be “difficult years” for the business aviation industry, but noted that there are already signs that the industry is starting to recover. He said the company will meet Phenom delivery goals, if it can build the airplanes fast enough. The Phenom 100 is Embraer’s first purpose-built business jet, and he said the “natural challenges of the start of production” could impede the ambitious goal of manufacturing 110 of the compact very light jets this year, its first full year of production. If the company can deliver 55 to 60 Phenom 100s by the end of the third quarter, then it will meet this year’s goal, Affonso said. The Phenom 300, he added, is on schedule for certification and deliveries by year-end.