Embraer Backlog Soars to $20 Billion

By Jennifer Harrington

June 1, 2008
Business Aviation

Brazilian aircraft manufacturer Embraer recorded first-quarter sales of $1.34 billion, an increase of nearly 61 percent year-over-year, and a profit of $85 million, the company said May 7. Embraer’s firm-order backlog at the end of March increased 8 percent over the previous quarter, to a record $20.3 billion, due to business jet and E170/190 airliner sales.

Embraer plans to deliver between 195 and 200 aircraft this year, including 10 to 15 Phenom 100s. Meanwhile, Embraer’s fourth flight-test Phenom 100 successfully concluded its cold-soak tests last month, marking another milestone in the twinjet’s maturity campaign.

Certification of the Phenom 100 is expected before the end of this year.

Back

UBS: Bizjet Market Strong Despite Lower Flight Activity August 28, 2008 In UBS Investment Research’s business jet update released on Tuesday, industry analyst David Strauss noted that U.S. business jet flight... [more]
Aviation Partners ‘Intensely Interested’ in Spiroids August 21, 2008 Years after testing an unusually shaped “spiroid” winglet on a Gulfstream II, Aviation Partners remains “intensely interested” in continuing... [more]
Eclipse Production Slowdown Trickling to Suppliers August 21, 2008 With a strong vested interest in a revitalized Eclipse Aviation, Eclipse 500 suppliers are walking on eggshells when discussing planned... [more]
Despite Grob’s Woes, PlaneSense Stands By SPn Order August 21, 2008 George Antoniadis, the president and CEO of Alpha Flying’s PlaneSense fractional ownership program, is standing by the company’s order for 25... [more]
FAA, Congress Turn a Critical Eye to the Eclipse 500 August 20, 2008 Since August 11, the FAA has been conducting a special certification review (SCR) of the Eclipse 500 very light jet, the agency said today. A... [more]