Embraer Executive Jets has signed a memorandum of understanding (MoU) with Air Works Pvt. Ltd. to provide full maintenance support to Legacy 500 and Legacy 450 customers in India. This agreement comes ahead of the midsize Legacy 500’s entry into service in the first half of this year. Certification of the mid-light Legacy 450 is expected next year. This is the second MoU signed to support the Legacy 500 in India.
Embraer says the slowdown in the Indian economy has done little to stop its strong business aircraft sales in the country. India is the first country from the Asia Pacific region to have a complete portfolio of Embraer aircraft, ranging from the Phenom 100 very light jet to the large-cabin Lineage 1000.
Every year since the start of the great economic downturn of 2008, the business aviation industry has watched business jet deliveries dwindle and searched for signs that the market might have finally hit bottom. The downward slide was finally arrested last year, according to year-end numbers released last month by the General Aviation Manufacturers Association. For the first time since 2008, worldwide deliveries of business jets were higher than the previous year, with manufacturers handing over 678 jets last year, six aircraft (1 percent) more than in 2012.
Embraer delivered 119 executive jets worth $1.64 billion last year–up by 26 percent on 2012’s $1.29 billion–and nearly half of them (53) were handed over in the fourth quarter. The whole-year deliveries broke down as 90 light jets (60 Phenom 300s and 30 Phenom 100s) and 29 large jets (21 Legacy 600/650s and eight Lineage 1000/shuttles), and in the fourth quarter the tally was 38 light jets and 15 large jets.
Embraer’s three-quarter share of the U.S. regional jet market last year might have looked impressive to investors and analysts, but judging by some of the commentary during the company’s quarterly earnings briefing on Wednesday, it apparently didn’t satisfy CEO Frederico Curado.
For the first time since 2008, worldwide deliveries of business jets were higher than the previous year, according to 2013 year-end numbers released yesterday by the General Aviation Manufacturers Association (GAMA). Airframers handed over 678 business jets last year, six more than in 2012.
Embraer is endeavoring to boost executive jets sales and support its existing fleet in Asia, and says that the market is developing well despite widespread red tape that impedes business aviation in the region. On the static display here at the Singapore Airshow, the very large-cabin Lineage 1000E–Embraer’s largest business jet–is making its Asian debut.
Embraer Executive Jets appointed Peter Griffith vice president of sales and marketing for Europe and Africa and Peter Walker vice president of sales and marketing for the Middle East and Asia-Pacific. José Eduardo Costas, who has overseen Middle East and Asia-Pacific sales since 2008, will return to the company’s headquarters in Brazil to take on a broader role as vice president of market intelligence for Embraer Executive Jets. All will report to Marco Túlio Pellegrini, who became president and CEO of Embraer Executive Jets on January 1.
Embraer delivered 53 business jets in the fourth quarter, closing the year with shipments of 119 executive jets (90 light and 29 large) and meeting its 2013 delivery guidance. At year-end, its firm-order backlog for both executive jets and airliners stood at $18.2 billion.
On Saturday December 28, the Legacy 450, Embraer’s newest business jet, took to the air for the first time, according to the manufacturer.
Flown by company test pilots Eduardo Camelier and Eugênio Cará along with flight-test engineer Carlos Kobayashi, the twinjet successfully demonstrated its handling and performance characteristics during the hour and thirty-five minute flight.
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