Although revenues from commercial aircraft sales fell at Embraer, the fortunes of the executive aviation division actually improved. Embraer’s executive aviation segment net sales reached $896.3 million, up nearly $20 million over 2008. The manufacturer delivered 115 business jets last year–93 Phenom 100s, one Phenom 300, 18 Legacy 600s and three Lineage 1000s–just short of tripling the 36 it shipped in 2008. Embraer said its executive aviation division also increased its market share based on total revenues from 4.1 percent in 2008 to 6.4 percent last year; based on delivered aircraft, market share increased from 3.3 percent to 14 percent. The company plans to ship 137 business jets this year.
Bizjets flying high at embraer
- March 29, 2010, 7:59 AM