Embraer’s revenues in the quarter rose by $157 million, to $1.242 billion, while profits climbed from $30 million in the first quarter of 2013 to $110.6 million in the same period this year. At its Executive Jets division, first-quarter revenue soared to $267.4 million, up from $175.3 million a year ago. Embraer delivered 20 executive jets (17 light and three large) in the quarter, compared with 12 (eight light, four large) in the same period last year.
Kansas City, Mo.-based fractional provider Executive AirShare saw its customer count rise last year by 50, to 185, a 37-percent increase. According to president and CEO Keith Plumb, the regional fractional provider–which serves shareowners in Kansas City; Wichita; Tulsa and Oklahoma City, Okla.; Dallas/Fort Worth, Houston, Austin and San Antonio, Texas; and Buffalo, N.Y–has “recorded four consecutive years of double-digit growth, achieved profitability and established a reputation for delivering the highest quality service.”
Embraer delivered 20 business jets during the first quarter of this year, compared with just 12 during the same period a year earlier. The 66-percent increase in deliveries in the company’s executive jet business accompanied an increase in its overall, firm-order backlog to $19.2 billion from $18.2 billion during the quarter, driven mainly by a firm order for 50 E2 E-Jets to India’s Air Costa during the Singapore Airshow in February.
Embraer delivered 20 business jets during the first quarter of this year, compared with just 12 during the same period a year earlier.
The 66-percent increase in deliveries in the company’s executive jet business accompanied an increase in its overall, firm-order backlog from $18.2 billion to $19.2 billion during the quarter, driven mainly by a firm for 50 E2 E-Jets to India’s Air Costa during February’s Singapore Airshow. The business jet sales tally included three Phenom 100s, 14 Phenom 300s, two Legacy 650s and a single Lineage 1000.
China’s commercial aviation manufacturing sector is challenged to match Boeing, Airbus, Bombardier and Embraer in building large passenger jets. But it faces brighter prospects in building general aviation and business aircraft, according to a Rand study released last month.
The People’s Republic of China government has done much to make China more “executive aviation friendly,” according to Embraer Executive Jets. But obstacles remain to business aviation growth, said the Brazilian manufacturer.
A challenge facing aircraft manufacturers is compliance with the FAA’s new Part 25 Subpart H Electrical Wiring Interconnect System (EWIS) regulations, which apply a systems approach to wiring.
Embraer Executive Jets delivered the 300th Phenom 100 earlier this week to Laticínios Bela Vista, an agribusiness company based in Bela Vista de Goiás, Brazil. This is the second Phenom 100 for the company, which uses the light jet to shuttle executives and managers among the company’s industrial facilities and to visit customers in cities across Brazil. Embraer delivered the first Phenom 100, to husband and wife owner-pilots Jim and Betsy Frost, in December 2008, and the current fleet is operating in more than 25 countries.
Embraer Executive Jets inaugurated its new service center today at Bertram Luiz Leupolz Airport in Sorocaba, Brazil. The 215,300-sq-ft facility has two hangars, one of which is dedicated to maintenance, repair and overhaul of Embraer business jets. Universal Aviation, the ground support division of Universal Weather & Aviation, was selected by Embraer to run an FBO at the facility and will use the other hangar for based and itinerant business aircraft. Amenities include passenger lounge, Internet access, conference rooms and crew rest area.
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.