Tuesday, October 27, 2015

Embraer boosted by business aviation

Embraer boosted revenues from executive jets by almost 100% in the third quarter thanks to a doubling of deliveries to 30 aircraft.

Revenues for the segment rose from $213 million in the same period in 2014 to $402 million this year.

Commercial jets also came good for the Brazilian manufacturer, with revenues rising by 4.2% compared with the first quarter of 2014, on deliveries up two from last year at 21.

Those improvements helped Embraer offset the effect of sharply lower revenues from the Defense & Security segment, where sales plummeted from $346 million in the third quarter a year ago to $182 million this year. Its KC-390 airlifter is expected to resume flight tests following an eight-month pause later in October.

Overall, Embraer’s operating earnings increased 15% to $158 million.

Embraer Executive Jets marked its 300th Phenom 300 delivery on 15 October 2015, with the aircraft handed over to an undisclosed US customer at its facility in Melbourne, Florida. The light jet has been the most-delivered business jet in the world for the past two years.

(Stephen Trimble - Flighglobal News)

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