Prime Fraction Club, whose members buy shares in high-end boats and automobiles as well as aircraft, has added a new six-passenger AgustaWestland AW109 Grand to its fleet, which now features 10 helicopters. The pricing structure for the fractional ownership program offers one-quarter shares in an AW109S Grand at a buy-in cost of R$3.56 million ($1.55 million), in addition to a fixed monthly fee of R$34,724 ($15,074) for maintenance, hangar space and other costs.
This week at LABACE 2013, Embraer has moved from its usual chalet near the show entrance to the other end of the static display ramp, where it has room for its entire line-up, including the Phenom 100 and 300, Legacy 650 and Lineage 1000, as well as the third Legacy 500 in the certification program and a Legacy 450 cabin mockup. The Legacy 500 is also making its LABACE debut.
Business aviation’s hopes for the famous BRIC countries (Brazil, Russia, India and China) were somewhat dented last year by mixed economic fortunes across the board, but they continue to be the focus of long-term optimism.
While analysts are forecasting a slowdown for most Latin American economies in 2013, Bombardier–in its 20-year forecast released in June this year–expects to see an improved market in 2014 and believes that as early as 2016, the Canadian manufacturer will “surpass its prior delivery peak year of 2008.”
Austria’s FACC and Belgium’s Sonaca have each won contracts to supply parts of the all-new wings for the Embraer E2 jets, as the program continues to gain momentum since its launch at June’s Paris Air Show. Under the terms of the contracts, FACC will design and build composite ailerons and spoilers, while Sonaca takes responsibility for the airplanes’ carbon-fiber flaps and metallic slats.
Brazil put the B in BRIC, the acronym demarcating what have come to be perceived as the world’s most promising emerging markets: Brazil, Russia, India and China. And on this basis alone, there would seem to be a strong case for establishing the now decade-old Latin American Business Aviation Conference & Exhibition (LABACE) in São Paulo, Brazil.
While many in the business aviation industry still eye China as fertile territory, a new report from business aviation consulting firm Asian Sky Group (ASG) predicts the Greater China market will see less than half the growth it experienced last year. In its First-half 2013 Greater China Fleet Additions Report, the Hong Kong-based company says that the Chinese fleet of new and used business jets is expected to increase by approximately 18 percent this year, compared with 40-percent growth last year (albeit from a smaller base total).
Embraer delivered 29 executive jets in the second quarter, compared with 20 in the same period a year ago, the Brazilian aircraft manufacturer said in its second-quarter financial results, released on Friday. The company’s firm-order backlog, including commercial aircraft, jumped from $13.3 billion at the end of the first quarter to $17.1 billion at the end of the second quarter.
Embraer announced its second quarter financial results this morning and the numbers fell into the positive category, with 29 executive jet deliveries, compared with 12 deliveries in the first quarter of this year, and 20 deliveries for the second quarter of last year. The value of the total firm-order backlog, including commercial aircraft, jumped from $13.3 billion at the end of the first quarter to $17.1 billion at the end of the second.
International Lease Finance Corporation (ILFC) has finalized an order for the purchase of 50 E2 E-Jets from Embraer, including 25 E190-E2s and 25 E195-E2s, the Los Angeles-based AIG subsidiary announced Wednesday. The order, originally announced as a letter of intent at last month’s Paris Air Show, also includes options for another 50 airplanes.