Embraer announced that the European Union has formally approved the company’s proposed $64.7 million manufacturing complex in Évora, Portugal. The company broke ground in July 2009. “This announcement is faithful to Embraer’s practices where all regional development projects have to be formally and properly approved.
Régional Compagnie Aérienne Européenne
Brazil’s Embraer and China’s AVIC International Leasing Co., signed a memorandum of understanding today at the China International Aviation & Aerospace Exhibition in Zhuhai, China, outlining the terms of a new agreement designed to create financing opportunities for selling Embraer aircraft in the Chinese and international markets.
Beijing-based Embraer China Aircraft Technical Services, which was inaugurated in July, has been named an Embraer-authorized service center and will support Tianjin Airlines. It is the first airline in China to be so designated. Under the terms of the agreement the Chinese company will carry out line and heavy maintenance for the ERJ-145 and E190 in accordance with China Civil Aviation Regulation Part 145.
Although deliveries of smaller regional jets have dropped dramatically in the past few years, Forecast International expects growing numbers of jets to be delivered from 2010 through 2019. In its recent study, “The Market for Regional Transport Aircraft,” Newtown, Conn.-based Forecast International projects production of 4,016 regional turboprops and jets valued at $123 billion during the coming decade.
Brazil’s Embraer remains in negotiations with Chinese authorities over the prospect of building E-Jets at the Harbin-Embraer plant in Harbin, China, a company spokesperson told AIN today. The spokesperson contradicted a Dow Jones report published today indicating that Embraer will close the factory in Harbin in March, following delivery of the last 50-seat ERJ-145 on backlog.
Korean Air Lines is considering expanding its service on existing routes to China and Japan with 70- to 120-seat regional jets in two years. “We may inject the planes into routes operated by our budget carrier unit Jin Air as well,” said KAL chairman Cho Yang-Ho. KAL does not currently operate any regional jets; its smallest aircraft are 737-800s operated by its low-cost Jin Air division.
São Paulo, Brazil-based Embraer delivered 69 regional and executive jets in the second quarter, up 15 aircraft from the same period last year. Shipments of Embraer’s executive jets more than doubled from 19 in the second quarter last year to 40 this year, while regional jet deliveries fell from 35 to 29.
Flybe yesterday placed what will likely be the biggest regional airliner deal of the Farnborough show week, committing to buy up to 140 Embraer 175 aircraft with a potential combined value of $5 billion. The contract signed here includes 35 firm orders (worth $1.3 billion), 65 options and 40 purchase rights.
Embraer expects its revenues from the defense sector to grow by almost a third this year, reaching approximately $650 million compared with $500 million in 2009. Its military backlog going into 2010 stood at $3.2 billion and could increase if Indonesia’s defense minister signs off on a deal for eight EMB 314 Super Tucano trainer/light attack aircraft.
São Paulo, Brazil-based Embraer today said it delivered 69 regional and executive jets in the second quarter, up 15 aircraft from the same period last year. Shipments of Embraer’s executive jets more than doubled from 19 in the second period last year to 40 this year, while regional jet deliveries fell from 35 to 29.