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 Phenom 300
Embraer has signed a contract for sale of a Phenom 300 to Amil Assistência Médica. It will be the first medevac version of the Phenom 300. Delivery is expected in the fourth quarter.
Embraer announced at the NBAA Convention last month that fractional provider NetJets signed an agreement to purchase 50 Phenom 300 light jets and has an option to buy 75 more. At current list prices, the deal could be worth more than $1 billion. The aircraft, which the Brazilian manufacturer expects to begin delivering in 2013, will be specially equipped for the Berkshire Hathaway-owned NetJets and called Phenom 300 Platinum Edition.
Whether it’s entirely the fault of the economic crisis we may never know, but we can be sure the anticipated very-light-jet (VLJ) revolution never happened and there is little sign it will happen any time soon.
The 63rd edition of the National Business Aviation Association Convention & Exhibition exceeded the expectations of attendees and exhibitors alike, registering 24,206 attendees for the three-day event–an increase of more than 5 percent over attendance last year.
NetJets (Booth No. 170), the largest player in the fractional-jet-share business, has signed an agreement to purchase 50 Phenom 300 light jets from Embraer, the Brazilian aircraft manufacturer. The Berkshire Hathaway-owned NetJets, based in Columbus, Ohio, has an option to buy 75 additional Phenom 300s, which could bring the deal's total value to more than $1 billion (U.S.) at current list prices, according to Embraer.
Embraer announced that fractional provider NetJets has signed an agreement to purchase 50 Phenom 300 light jets and has an option to buy 75 more. At current list prices, the deal may be worth more than $1 billion (U.S.). The aircraft, which the Brazilian manufacturer expects to begin delivering in 2013, will be specially equipped for the Berkshire Hathaway-owned NetJets and called Phenom 300 Platinum Edition.
Despite an active first quarter in the light jet market, the remainder of the year has proven to be a sobering reminder that the world continues to recover from the financial meltdown of 2008 and 2009. This is not surprising, considering that the light jet market tends to react directly to the general economy as measured by stock market indices.
Embraer's first South African customer for a Phenom 300 light jet, John McCormick, CEO of McCormick Property Developments, took delivery of his airplane last month during a ceremony at the manufacturer's headquarters in São José dos Campos, Brazil, just a few months after the first Phenom 100 entered operation in South Africa.
Embraer received Brazil ANAC, FAA and EASA approval for Garmin's synthetic-vision technology (SVT) system on the Phenom 100, which has a Garmin G1000-based Prodigy flight deck avionics system. The approval applies to new-production Phenom 100s, as well as retrofit installations for in-service aircraft.