According to General Aviation Manufacturers Association reports, the Phenom 300 is the only business jet model to reach this milestone in the last ten years.
Embraer has revealed chief executive Paulo Cesar de Souza e Silva will step down on April 22nd, following the end of his current two year elected term.
Boeing will hold an 80 per cent ownership stake in the new company, and Embraer will hold the remaining 20 per cent. The transaction values 100 per cent of Embraer’s commercial aircraft operations at $5.26 billion, and contemplates a value of $4.2 billion for Boeing’s 80 per cent ownership stake in the joint venture.
Embraer delivered a total of 181 jets in 2018, of which 90 were commercial aircraft and 91 were executive jets (64 light and 27 large).
Embraer and SkyWest have signed a firm order for nine E175 jets, with deliveries expected to begin in 2019. The order has a value of US$422 million, based on current list prices, and was already included in Embraer’s 2018 fourth-quarter backlog.
Embraer and Boeing have welcomed approval by the government of Brazil of the strategic partnership that will position both companies to accelerate growth in global aerospace markets.
Embraer and Republic Airways have signed a contract for a firm order of 100 E175 jets. The firm order has a value of US$4.69 billion, based on current list prices, and will be included in Embraer’s 2018 fourth-quarter backlog.
The approved terms define the joint venture comprising the commercial aircraft and services operations of Embraer, in which Boeing will hold an 80 per cent ownership stake and Embraer will hold the remaining 20 per cent.
The first next generation Embraer E190-E2 was delivered to Air Astana earlier at Nursultan Nazarbayev International Airport. This is the first of five Embraer E190-E2 aircraft scheduled to be delivered to Air Astana following an order originally placed in August 2017.