Boeing and Embraer are not working closely together—quite the opposite, in fact, given the recent, last-minute breakup of their proposed commercial union.
Embraer delivered nine executive jets during the 2020 first quarter (Q1) compared to 11 a year ago, and five commercial aircraft, versus 11 in Q1 2019, the company said May 12.
Embraer’s commercial operation has shifted focus to realign with the rest of the company and conserving cash, with new-product development—including a notional turboprop—put on hold while the business regains its footing amid the Boeing deal collapse and coronavirus crisis, Embraer Commercial Aviation president and CEO John Slattery said.
Teal Group analyst Richard Aboulafia joins Aviation Week editors on Check 6 to discuss the sudden collapse of the $4.2 billion tie-up and its implications for both companies—and for Airbus.
Brazilian operator Azul remains confident that its agreements to sublease Embraer E195-E1 models to Breeze Aviation in the U.S. and LOT Polish Airlines will remain intact even if planned deliveries of the jets shift to the right.
Embraer is working with Stanford University and the U.S. Energy Department on development of multifunction structures that can store energy and carry loads, potentially reducing the weight of battery packs in electric aircraft.
Brazil’s Azul has inked agreements to sublease up to 53 of its Embraer E195 jets to LOT Polish Airlines and U.S. airline startup Breeze Aviation Group.
Brazil’s Azul plans to operate a fleet of 75 Embraer E-Jets E2s by 2024, part of an accelerated transition that will see its total fleet grow to over 200 aircraft by the middle of the decade.
Approval of the Boeing-Embraer tie-up by staff at Brazil’s Administrative Council for Economic Defense (CADE) leaves a European Commission (EC) sign-off as the deal’s last major regulatory hurdle.
The European Commission (EC) has again stopped the clock in the ongoing investigation of the proposed commercial aircraft joint venture between Boeing and Embraer, while key airlines and lessors now favor the transaction.
The European Commission extended the provisional deadline for its in-depth review of the proposed commercial joint venture (JV) between Boeing and Embraer until Apr. 30, further delaying its potential approval for the deal, most recently seen to be closing at the end of the first quarter.
The Weekly of Business Aviation polled leaders in the general and business aviation industry about what they think lies ahead in 2020 and the challenges they face. This is Part 2 of the two-part series.
Publicly traded shares of aerospace and defense companies around most of the Western world ended 2019 about 34% above where they began a year ago, and 6% better off than major stock market indices, Wall Street analysts said in year-end reports.
Joby Aviation has signed an agreement with Uber that makes it the first developer of an eVTOL aircraft to commit to meet the Uber Elevate initiative’s 2023 target to deploy commercial urban aerial ridesharing services.
Embraer and the Brazilian Air Force (FAB) have partnered to study joint development of a light military transport with a hybrid-electric propulsion. system
