Monday, November 19, 2007
Embraer Long-Term Forecast Released
The forecast was released in conjunction with the eighth Embraer Day held November 13 and 14 at its headquarters in São José dos Campos, Brazil. At the same event, Embraer announced its commercial and executive jet delivery forecast for 2008 and 2009. Embraer expects to deliver, in 2008, between 195 and 200 aircraft in the commercial aviation, executive aviation and defense and government segments, and between 10 and 15 Phenom 100 that are not included in the estimate during 2008. For 2009, the company estimates delivery of 195 to 200 aircraft, and between 120 to 150 Phenom 100 and Phenom 300 jets.
The forecast indicates that the 30- to 60-seat capacity segment has reached maturity, but will remain the backbone of the US and European hub feeding system and will support the regional aviation development in some other world regions, such as China and Russia/CIS.
The 61- to 120-seat aircraft will continue to help airlines to match capacity to market demand with improved service levels, through the right-sizing of low-load-factor, narrow-body flights, the natural growth of 50-seat regional jets and the expansion into mid-sized markets.
Embraer believes that emissions are one of the important drivers for airline fleet decisions, tending to accelerate old/inefficient jets retirement in the short term and influence future aircraft design in the mid- to long term. Around 30 percent of current 61- to 120-seat jets in service are more than 20 years old and shall be replaced in the coming years, resulting in substantial environmental and operational benefits.
This September, Embraer presented two new concepts in midsize and mid-light executive jets under study. If launched, upon board approval, these clean-sheet design concepts will be positioned between the Phenom 300 and the Legacy 600 in the company’s executive jet portfolio. Related Story
Embraer continues to invest heavily in its Executive Jets Customer Support. The company broke ground for three new service centers in the United States, in Connecticut, Arizona and Florida. The authorized service center network was expanded with the addition of ABS Jets in the Czech Republic, and Hawker-Pacific in Asia. By 2008, 45 service centers will support Embraer’s executive fleet, seven of which are wholly-owned.
Announced under the joint-venture established with CAE for Phenom jets training, the first training simulator for the Phenom 100 jet will be placed in Dallas, TX, by mid-2008 to support the entrance into service of that model in the U.S. The European program will be based in the United Kingdom and will commence upon entry into service of the Phenom 100 in Europe, in the first quarter of 2009. Embraer is investing heavily in parts inventory and logistics and continues to enhance its special maintenance programs. Embraer’s commitment to business aviation has continued to render significant results throughout this year.
The Executive Jets division holds a firm order backlog of close to $4 billion, significant increase from US$ 2 billion in 2006 and US$ 600 million in 2005. Firm orders for the Phenom 100 and Phenom 300 Very Light and Light Jets stand at close to 600 units.