Embraer’s Bizav Market Share Continues To Grow
In its 2010 results, released on Friday, Embraer reports net sales for its executive aviation division of $1.1 billion and delivery of 144 aircraft, compared with 115 business jet deliveries in 2009. The Brazilian aircraft maker’s year-end results show recovered stability, with business jets expected to repeat their 20-percent contribution to this year’s overall revenue, which is expected to rise 5 percent. While overall backlog has stabilized at three years, executive aviation is softer. Embraer compensated for cancellations by bringing customers up the queue, but is also slowing production. At the high end, Embraer CEO Frederico Curado told AIN, “All but one of our Lineage 1000 sales have been to the Middle East,” but he considers that continued instability in the region would have a greater indirect effect through higher fuel costs. During a state visit next month, Brazil’s president could announce an agreement to retool Embraer’s facility in Harbin, China for the Legacy 650, which is based on the same ERJ-135 airframe as the regional jets now ceasing production there.