Embraer Executive Jets anticipates demand for 805 business jets over the next decade, according to its China Executive Aviation Market Outlook 2014-2023, released on Tuesday at the Chinese International Business Aviation Show in Shanghai. The outlook, which is based on “comprehensive studies of the country’s economic scenario,” added that large-cabin business jets represent about 51 percent of future demand, accounting for 78 percent of total value of deliveries.
Total GA airplane billings in the first half of the year reached $10.4 billion, an increase of more than 25 percent over the same period last year, according to statistics released last month by the General Aviation Manufacturers Association (GAMA). The tally marks the first time since 2008 that the industry revenue has exceeded $10 billion in the first half of the year.
The first Embraer Legacy 650 super-midsize built in China completed its maiden flight yesterday. It was assembled by Harbin Embraer Aircraft Industry (HEAI), the joint venture between Embraer and Aviation Industry Corporation of China (Avic) that previously manufactured EMB-145 regional jets upon which the Legacy is based.
Prime Fraction Club, whose members buy shares in high-end boats and automobiles as well as aircraft, has added a new six-passenger AgustaWestland AW109 Grand to its fleet, which now features 10 helicopters. The pricing structure for the fractional ownership program offers one-quarter shares in an AW109S Grand at a buy-in cost of R$3.56 million ($1.55 million), in addition to a fixed monthly fee of R$34,724 ($15,074) for maintenance, hangar space and other costs.
This week at LABACE 2013, Embraer has moved from its usual chalet near the show entrance to the other end of the static display ramp, where it has room for its entire line-up, including the Phenom 100 and 300, Legacy 650 and Lineage 1000, as well as the third Legacy 500 in the certification program and a Legacy 450 cabin mockup. The Legacy 500 is also making its LABACE debut.
There isn’t one manufacturer that doesn’t quietly salivate at the mention of the Latin American appetite for helicopters and the growth of that market. According to Honeywell’s 15th Turbine-Powered Civil Helicopter Purchase Outlook, the appetite for helicopters in Latin America suggests a 34-percent sales spike over the next half-decade.
Business aviation’s hopes for the famous BRIC countries (Brazil, Russia, India and China) were somewhat dented last year by mixed economic fortunes across the board, but they continue to be the focus of long-term optimism.
While analysts are forecasting a slowdown for most Latin American economies in 2013, Bombardier–in its 20-year forecast released in June this year–expects to see an improved market in 2014 and believes that as early as 2016, the Canadian manufacturer will “surpass its prior delivery peak year of 2008.”
Austria’s FACC and Belgium’s Sonaca have each won contracts to supply parts of the all-new wings for the Embraer E2 jets, as the program continues to gain momentum since its launch at June’s Paris Air Show. Under the terms of the contracts, FACC will design and build composite ailerons and spoilers, while Sonaca takes responsibility for the airplanes’ carbon-fiber flaps and metallic slats.
Brazil put the B in BRIC, the acronym demarcating what have come to be perceived as the world’s most promising emerging markets: Brazil, Russia, India and China. And on this basis alone, there would seem to be a strong case for establishing the now decade-old Latin American Business Aviation Conference & Exhibition (LABACE) in São Paulo, Brazil.