Embraer will remove an entire layer of its management structure as part of a plan to lay off 20 percent of its 21,362-strong workforce, the company announced on February 19. In a prepared statement, Embraer said it would concentrate the cuts in production and administration areas, while it keeps the “significant majority” of the engineering workforce to continue new product and technology development.
Aviation International News » March 2009
For the first time in five years, worldwide shipments of general aviation airplanes decreased in 2008, even as industry billings reached $24.8 billion, a 13.4-percent gain over 2007.
The General Aviation Manufacturers Association (GAMA) attributed the increase to order backlog, reflecting the filling of orders placed for turboprops and business jets during the strong economic years of 2006 and 2007.
The distrust of business aircraft and the people who fly in them didn’t start with
the big three automakers flying on business jets to Washington to plead for a bailout.
Rather, it extends back several decades.
The economic downturn is having a profound effect on business aviation in Europe, with air traffic management agency Eurocontrol reporting a 20-percent drop in average daily flights during January compared with the same period last year. Spain and the UK, where traffic dropped by 27 and 23 percent, respectively, so far are the most serious casualties among the 27 states of the European Union.
- Page 16