India’s Invision Air has abandoned plans to build a wholly owned fleet of Embraer Phenom light jets, switching its business model to one based largely on aircraft management and a scheme to provide flights connecting smaller cities within the state of Maharashta. The Mumbai-based group originally intended to buy six Phenom 300s and six Phenom 100s.
Embraer Phenom 300
Embraer delivered 20 business jets during the first quarter of this year, compared with just 12 during the same period a year earlier. The 66-percent increase in deliveries in the company’s executive jet business accompanied an increase in its overall, firm-order backlog to $19.2 billion from $18.2 billion during the quarter, driven mainly by a firm order for 50 E2 E-Jets to India’s Air Costa during the Singapore Airshow in February.
Embraer delivered 20 business jets during the first quarter of this year, compared with just 12 during the same period a year earlier.
The 66-percent increase in deliveries in the company’s executive jet business accompanied an increase in its overall, firm-order backlog from $18.2 billion to $19.2 billion during the quarter, driven mainly by a firm for 50 E2 E-Jets to India’s Air Costa during February’s Singapore Airshow. The business jet sales tally included three Phenom 100s, 14 Phenom 300s, two Legacy 650s and a single Lineage 1000.
The People’s Republic of China government has done much to make China more “executive aviation friendly,” according to Embraer Executive Jets. But obstacles remain to business aviation growth, said the Brazilian manufacturer.
Embraer recently delivered the first Phenom 300 to India. Customer Kerala-based Joy Jets will operate the light jet alongside its existing Phenom 100. The operator, which is part of the Joyalukkas chain of jewelry stores, has said it intends to add a longer-range midsize aircraft to its fleet next year.
Embraer Executive Jets delivered the 300th Phenom 100 earlier this week to Laticínios Bela Vista, an agribusiness company based in Bela Vista de Goiás, Brazil. This is the second Phenom 100 for the company, which uses the light jet to shuttle executives and managers among the company’s industrial facilities and to visit customers in cities across Brazil. Embraer delivered the first Phenom 100, to husband and wife owner-pilots Jim and Betsy Frost, in December 2008, and the current fleet is operating in more than 25 countries.
Embraer Executive Jets has signed a memorandum of understanding (MoU) with Air Works Pvt. Ltd. to provide full maintenance support to Legacy 500 and Legacy 450 customers in India. This agreement comes ahead of the midsize Legacy 500’s entry into service in the first half of this year. Certification of the mid-light Legacy 450 is expected next year. This is the second MoU signed to support the Legacy 500 in India.
Embraer says the slowdown in the Indian economy has done little to stop its strong business aircraft sales in the country. India is the first country from the Asia Pacific region to have a complete portfolio of Embraer aircraft, ranging from the Phenom 100 very light jet to the large-cabin Lineage 1000.
Every year since the start of the great economic downturn of 2008, the business aviation industry has watched business jet deliveries dwindle and searched for signs that the market might have finally hit bottom. The downward slide was finally arrested last year, according to year-end numbers released last month by the General Aviation Manufacturers Association. For the first time since 2008, worldwide deliveries of business jets were higher than the previous year, with manufacturers handing over 678 jets last year, six aircraft (1 percent) more than in 2012.
Embraer delivered 119 executive jets worth $1.64 billion last year–up by 26 percent on 2012’s $1.29 billion–and nearly half of them (53) were handed over in the fourth quarter. The whole-year deliveries broke down as 90 light jets (60 Phenom 300s and 30 Phenom 100s) and 29 large jets (21 Legacy 600/650s and eight Lineage 1000/shuttles), and in the fourth quarter the tally was 38 light jets and 15 large jets.