Flight Options entered into a three-year, $167 million financing agreement with Brazil’s Banco Nacional de Desenvolvimento Econômico e Social (BNDES) to finance the fractional jet provider’s order for up to 150 Embraer Phenom 300 light jets. In December 2007, Flight Options placed a firm order for 100 Phenom 300s and options on 50 more.
Embraer Phenom 100
São Paulo, Brazil-based Embraer announced yesterday that it delivered 48 regional and executive jets in the second quarter, down 21 aircraft from the same period last year. Shipments of 23 executive jets in the quarter–10 Phenom 100s, 10 Phenom 300s and three Legacy 600/650s–paled in comparison to the 40 delivered in the same period last year. The drop off is attributable directly to fewer Phenom 100 deliveries.
Embraer delivered its 200th Phenom 100 on May 11, a milestone that it achieved in just one-and-a-half years. The light jet was received by Phoenix-based aircraft sales, charter and management firm Swift Aviation Group. Swift ordered this Phenom in May 2006. Swift was Embraer’s launch customer for the Legacy 600, placing an order for 25 of the super-midsize jets in 2000.
For at least the sixth time in more than a year, an Embraer Phenom 100 has experienced possible brake issues on landing. This latest instance occurred last Wednesday afternoon when a JetSuite-operated Phenom carrying three passengers and two crew left the runway while landing at Sedona (Ariz.) Airport, which is located on top of a mesa, at the conclusion of a charter flight from San Jose, Calif.
Europe’s still-fledgling entry-level charter jet market is showing some positive signs of growth, according to leading operators and analysts.
Everjets signed a contract yesterday for an Embraer Phenom 300 executive jet to be placed in charter service. After taking delivery in December, Everjets will serve southern Europe from its base in Portugal.
Embraer will wait until as late as year-end for Boeing to decide on a plan for a 737 replacement before the Brazilian company commits to a successor for its own E-Jet series, according to Embraer executive vice president for the airline market Paulo Cesar de Souza e Silva. Still, Embraer already knows what it will not do–namely, follow Bombardier into a size and range category that, in Silva’s estimation, the Airbus A320neo also occupies.
Embraer delivered fewer aircraft in the first quarter of this year compared to the same period last year, according to financial results released this morning. Executive jet deliveries in the first three months of this year totaled eight aircraft, 11 fewer than in the same period last year.
In just two years, Embraer has moved from a minor player in the business jet market–garnering only 3 percent of market share by volume in 2008–to one that now corners almost one-fifth of deliveries in this segment, with 19 percent. The Brazilian aircraft manufacturer told AIN last year that it is seeking at least 30 percent by volume.
The Embraer Legacy 650 obtained FAA approval in late February. Brazil’s ANAC (National Civil Aviation Agency) and the EASA granted their certifications for the super-midsize jet in October. The Legacy 650 is an extended-range derivative–3,900 nm, to be exact–of the Legacy 600. Two Legacy 650s were delivered to customers in the fourth quarter last year.