Year-over-year airplane deliveries declined again in the third quarter, but revenue at the manufacturers took a much smaller dip. According to the third-quarter shipment report released last month by the General Aviation Manufacturers Association (GAMA), this marked the industry’s eighth straight quarterly slide in deliveries, with overall shipments down 14.5 percent compared with the first three quarters of last year.
Embraer Phenom 100
The FAA has issued a final rule for an Airworthiness Directive for the Embraer Phenom 100 S/N 50000005 through 50000118, 50000120, 50000122 through 50000126, 50000128, and 50000131, certified in any category. The AD says it is prompted by failures of the flow control shutoff valve in the closed position.
On Friday, Embraer reported a $98.5 million profit in the third quarter, up from $58 million a year ago, despite delivering 22 percent fewer aircraft. The São Paulo, Brazil-based company delivered 44 aircraft in the quarter (24 executive jets and 20 airliners), for a total of 154 aircraft shipped in the first nine months.
Whether it’s entirely the fault of the economic crisis we may never know, but we can be sure the anticipated very-light-jet (VLJ) revolution never happened and there is little sign it will happen any time soon.
Embraer's newest addition to its business jet family, the long-range Legacy 650, has received certification from the Brazilian Civil Aviation Agency (ANAC) and EASA, the Brazilian airframer announced. "We are happy to announce the ANAC and EASA certifications of the Legacy 650, just one year after the program launch at the last NBAA Convention.
Later this month, the 63rd annual NBAA meeting and convention opens at the Georgia World Congress Center in Atlanta. The NBAA Convention won't reappear in Atlanta for some time, as the next four shows are scheduled for Las Vegas (2011), Orlando (2012), Las Vegas (2013) and then again in Orlando (2014).
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.
Embraer arrived at this year’s NBAA convention buoyed by delivery of its sixth Lineage 1000 and with a record Lineage flight covering 4,015 nm in the company log. The sixth Lineage delivered went to the Al Habtoor Group of Dubai in early September. An executive/VIP version of the company’s E190 airliner, it is being managed and operated by Royal Jet, based in Abu Dhabi.
Embraer's first South African customer for a Phenom 300 light jet, John McCormick, CEO of McCormick Property Developments, took delivery of his airplane last month during a ceremony at the manufacturer's headquarters in São José dos Campos, Brazil, just a few months after the first Phenom 100 entered operation in South Africa.
For the third time in the past six months, an Embraer Phenom 100 has suffered a dual tire blowout upon landing after a reported failure in the brake-by-wire system.