During an investor conference yesterday, Embraer senior v-p of executive jets Luis Carlos Affonso predicted that his company is positioned to benefit from the expected growth in the business aviation market. Last year 749 business jets were delivered, he said, and by 2015 that number is forecast to be 1,100, about one-quarter of which will be very light jets.
Embraer, which is already developing two new light jets, announced on the eve of the European Business Aviation Convention & Exhibition that starts tomorrow in Geneva, that it is breaking into the bizliner market with the launch of the Lineage 1000. The $40-million jet, derived from Embraer’s ERJ 190 regional airliner, is expected to enter service in 2008.
Zurich-based startup JetBird announced it ordered 50 Phenom 100s, a very light jet under development by Embraer, for a planned European on-demand air taxi service. The $140-million contract includes an option to purchase 50 additional aircraft over five years and allows JetBird to convert its positions into either the four-passenger Phenom 100 or the nine-passenger Phenom 300, a light jet also under development by Embraer.
Embraer yesterday announced that it sold its first Phenom business jets in the Middle East as part of a three-aircraft deal with Kuwaiti VIP charter operator United Aviation. The contract comprises a Phenom 100 and Phenom 300, as well as a single midsize Legacy 600. At list price, the sale would bring $33.1 million.
The receipt of a license to manufacture components may not always seem like a big deal, but for John Uczekaj, president and COO of the Nordam Group, his company’s recently obtained license to manufacture and repair bonded and structural components for the 1,400-strong worldwide fleet of Lockheed Martin F-16 A/B/C/D fighters represents a significant step toward putting the company “on the trajectory to be in the billion-dollar [annual revenue]
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.
This is Mauricio Botelho’s last Farnborough International show as chief executive of Embraer. Next April he will hand over the reins to an as yet unnamed successor, before assuming the position of chairman for a two-year term and then retiring from the Brazilian airframer, having presided over a remarkable transformation of the group’s fortunes.
Pratt & Whitney Canada (P&WC) has started running the PW617F engine. This is the latest member of its 900- to 1,300-pound-thrust PW600 family and is set to power Embraer’s Phenom 100 very light jet. The new turbofan was run for the first time on June 29, P&WC president Alain Bellemare told Aviation International News exclusively on the eve of the Farnborough show, saying that the engine was “going well”.
According to today’s issue of ASI Group’s “Hot Spots” security newsletter, civil aviation authorities in Brazil will impose temporary restrictions on private flights. “This move is a consequence of the decision on the part of civilian air traffic controllers in Brasilia to increase the mandatory distance between aircraft from five to 10 nautical miles,” ASI Group said.
The market for very light jets (VLJs) will be worth $2.52 billion over the next five years, according to a new study by UK-based consultants PMI Media. The report predicts six VLJ designs making it into service: the Adam A700, Cessna Citation Mustang, Diamond D-Jet, Eclipse 500, Embraer Phenom 100 and HondaJet.