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.
Pacific Coast Jet
Embraer’s executive jet division comes to Dubai in bullish form with announcements for more than $200 million of new business and forecasts for strong growth in the sector, particularly in light and very light jets.
Embraer in the space of just 12 months has extended its range of business aircraft with three new jets. The announcement of its family of Phenom jets in May 2005 marked a new phase in the company’s strategy since it launched the Legacy 600 super mid-size executive jet in 2000.