Embraer 2007 Results Show Record Deliveries

By Jennifer Harrington

May 1, 2008
Business Aviation

Embraer ended calendar year 2007 with a record 169 aircraft deliveries and a record backlog of firm orders worth $18.8 billion. The numbers reflected activity in all aircraft segments, including its Executive Jets division.

According to president and CEO Frederico Fleury Curado, Embraer took in $5.245 billion in revenue, a substantial increase over the $3.759 billion in 2006. Embraer is now focused on “gathering resources” to accelerate production.

Those resources included the hiring of an additional 4,500 employees in the first half of the year, “most of them in Brazil,” bringing the total Embraer workforce worldwide to nearly 24,000. Curado reaffirmed expectations that Embraer will deliver between 195 and 200 aircraft this year.

Back

General Dynamics Soaring on Gulfstream Jet Sales July 24, 2008 Gulfstream Aerospace parent General Dynamics yesterday reported a 25-percent increase in profits during the second quarter, thanks in large part... [more]
Textron Continues Strong in Second Quarter July 17, 2008 Buoyed by its Bell and Cessna properties, Textron recorded second-quarter profits up 23 percent from the same period last year, the company... [more]
Eclipse Position-holder Sues for Deposit Refund July 17, 2008 Geiger Excavating filed a lawsuit against Eclipse Aviation, seeking refund of a $150,000 deposit for an Eclipse 500 VLJ plus pre-judgment... [more]
Embraer bizjet sales continue upward climb July 16, 2008 Embraer came to Farnborough with more sales for its fast-growing business aviation division, with its backlog having increased from $4.5 billion... [more]
Dassault Falcon beefs up global support network July 16, 2008 Dassault Falcon has appointed two new authorized service centers in South Africa and reached agreement with a third company to provide service... [more]