Monday, February 20, 2012
Embraer Projects Revenue Increase for 2012
Commercial, executive aviation markets stable -filing
* Planemaker sees 2012 net revenue of $5.8 bln to $6.2 bln
* Says met estimate of 2011 revenue at $5.6 bln to $5.7 bln
By Brad Haynes and Cesar Bianconi
SAO PAULO, Feb 9 (Reuters) - Brazil's Embraer , the world's third-largest planemaker, expects a modest increase in revenue this year thanks to the expansion of its defense unit, as regional-jet and executive aviation markets remain stable.
Embraer said in a filing on Thursday it expects net revenue of $5.8 billion to $6.2 billion this year, after meeting estimates for 2011 revenue of $5.6 billion to $5.7 billion.
"Considering more accelerated growth in the area of defense and security and stable markets for executive aviation and commercial aviation, the company expects revenue may grow slightly in 2012," Embraer said in the filing.
Luiz Carlos Aguiar, the head of Embraer's Defense and Security unit, told Reuters last month his segment could make up a quarter of total revenue by 2020, up from an estimated 14 percent last year and under 5 percent in 2006.
The estimates issued on Thursday suggest 17 percent of revenue this year will come from executive aviation, excluding services, down from 21 percent in the original 2011 estimates. A shakier outlook for the global economy prompted a string of cancellations for Embraer's business jet orders last year.
Embraer said it expects to deliver between 105 and 110 commercial aircraft this year after delivering 105 commercial jets last year. In executive aviation, the company expects to deliver 15 to 20 large jets and 75 to 85 light jets in 2012, after delivering 16 large jets and 83 light jets last year.
Embraer expects stable demand in the regional commercial aviation market, which it dominates, allowing it to replace deliveries with new orders of similar value. The company ended 2011 with a backlog of firm orders around $15.4 billion.
The planemaker's chief rival for the segment, Canada's Bombardier Inc, said late last year it would cut regional jet production because of economic uncertainty.
Embraer plans to invest about $650 million this year, up from the $450 million earmarked for 2011. The company said a flood of fourth-quarter deliveries brought its free cash to about $470 million at the end of last year.
Shares of Embraer closed 0.7 percent lower at 12.02 reais in Sao Paulo on Thursday, little changed after the estimates were posted to the website of Brazil's securities regulator and close to the 0.5 percent drop on the benchmark Bovespa stock index .
Tuesday, February 14, 2012
Embraer Reports First Engine run on the Legacy 500
Embraer performed the Legacy 500 first engine run on January 17, at the Company’s headquarters in São José dos Campos, Brazil. This was the second major milestone in the development of the midsize executive jet program, following the aircraft’s roll out, on December 23, 2011.
A series of preparatory evaluations – such as APU tests and first refueling – were held the day prior to the engine run. Engine tests are essential to properly evaluate all dependent systems: bleed air, electrical, environmental (air conditioning), hydraulic and FADEC logics, as well as the integration of the engine with avionics.
“Being successful on our first engine run reflects the robustness of the concept conceived by our engineers,” said Luciano Castro, Legacy 500 Program Vice President – Embraer Executive Jets. “This was possible thanks to the extensive use of RIGs to test the systems prior to aircraft prototype availability. It makes us confident that we will have a smooth flight test and certification campaign.”
The entire process is recorded, and data obtained are compared to engineering projections. Once engines reach full thrust and systems integration is confirmed, low-speed taxi tests will commence.
The first flight of the Legacy 500 is expected to take place in the third quarter of this year.
A series of preparatory evaluations – such as APU tests and first refueling – were held the day prior to the engine run. Engine tests are essential to properly evaluate all dependent systems: bleed air, electrical, environmental (air conditioning), hydraulic and FADEC logics, as well as the integration of the engine with avionics.
“Being successful on our first engine run reflects the robustness of the concept conceived by our engineers,” said Luciano Castro, Legacy 500 Program Vice President – Embraer Executive Jets. “This was possible thanks to the extensive use of RIGs to test the systems prior to aircraft prototype availability. It makes us confident that we will have a smooth flight test and certification campaign.”
The entire process is recorded, and data obtained are compared to engineering projections. Once engines reach full thrust and systems integration is confirmed, low-speed taxi tests will commence.
The first flight of the Legacy 500 is expected to take place in the third quarter of this year.
Improvements to 2012 Legacy 600/650
Embraer has introduced improvements to the Legacy 600/650 executive jets that refines the interior, features a more modern cabin management system and offers increased efficiency and safety for aircraft operations. The new versions, with a host of new options, are now available for standard aircraft produced in 2012.
"These changes are specifically designed to increase cabin comfort and capabilities to ensure passengers have the right environment to either relax or maintain their productivity," said Ernest Edwards, president Embraer Executive Jets. "Key to this is our effort to reduce cabin sound levels, which set a new benchmark for the Legacy 600 and Legacy 650 class of aircraft. Complementing the new features is a full, high definition entertainment system. Customers will be able to see the improvements during the worldwide demonstration tour we will launch in March."
The new interior includes the Honeywell Ovation Select, all digital, cabin management system and this system is also offered on the Legacy 450/500.
In addition to the Ovation Select system, Embraer has improved the interior storage and added a new, wireless handset Iridium telephone system. The company is also offering restyled seats with side-pocket storage. For the wet areas in the galley and lavatory, a selection of six natural stone flooring choices is available. Improvements for the 2012 Legacy 600/650 are not restricted to the cabin and are designed to reduce pilot workload as well as improve the flexibility, efficiency and safety of aircraft operations. The cockpit features improved avionics with the Honeywell Primus Elite. The Elite system includes LCD displays and a cursor control device (CCD) as well as charts and map capability and XM Weather for US operations.
To ensure the 2012 Legacy 600/650 is equipped for the changing air traffic control system, Embraer incorporated VNAV and RNP 0.3 for optimizing airspace use, flight time and fuel burn. WAAS/LPV along with CPDLC FANS 1/A which enables satcom-based ATC communications for trans-oceanic flights are available as options as are Smart Landing and Smart Runway surface awareness and advisory system.
"These changes are specifically designed to increase cabin comfort and capabilities to ensure passengers have the right environment to either relax or maintain their productivity," said Ernest Edwards, president Embraer Executive Jets. "Key to this is our effort to reduce cabin sound levels, which set a new benchmark for the Legacy 600 and Legacy 650 class of aircraft. Complementing the new features is a full, high definition entertainment system. Customers will be able to see the improvements during the worldwide demonstration tour we will launch in March."
The new interior includes the Honeywell Ovation Select, all digital, cabin management system and this system is also offered on the Legacy 450/500.
In addition to the Ovation Select system, Embraer has improved the interior storage and added a new, wireless handset Iridium telephone system. The company is also offering restyled seats with side-pocket storage. For the wet areas in the galley and lavatory, a selection of six natural stone flooring choices is available. Improvements for the 2012 Legacy 600/650 are not restricted to the cabin and are designed to reduce pilot workload as well as improve the flexibility, efficiency and safety of aircraft operations. The cockpit features improved avionics with the Honeywell Primus Elite. The Elite system includes LCD displays and a cursor control device (CCD) as well as charts and map capability and XM Weather for US operations.
To ensure the 2012 Legacy 600/650 is equipped for the changing air traffic control system, Embraer incorporated VNAV and RNP 0.3 for optimizing airspace use, flight time and fuel burn. WAAS/LPV along with CPDLC FANS 1/A which enables satcom-based ATC communications for trans-oceanic flights are available as options as are Smart Landing and Smart Runway surface awareness and advisory system.
Jackie Chan jet lands at 2012 Singapore Airshow
SINGAPORE: He's into Kung Fu, philanthropy, food, sport and now jets!
But the closest you'll get to Jackie Chan at the 2012 Singapore Airshow is his Embraer Legacy 650 executive jet, .
It's hard to miss with distinctive red and yellow dragon livery, and if that's not obvious enough, there's the name on the tail-wing.
The Kung Fu actor who has added on the role of brand ambassador for Embraer took delivery of China's first Legacy 650 in early February.
"We are exceptionally excited Jackie Chan will become the newest member of our Legacy 650 family, and proud he holds full confidence in our jet to satisfy his demand for productivity, comfort and privacy," said Ernest Edwards, President, Embraer Executive Jets.
Chan's "ebullient personality, spirit of relentless innovation and commitment to society" reflect Embraer's values, added Edwards who went on to describe the actor as "an ideal brand ambassador for Embraer Executive Jets".
Last seen in Holywood's remake of the "Karate Kid", the producer and co-producer of the Chinese epic "1911", will assist Embraer in promoting its entire line of executive aircraft, not only in the rapidly growing greater China market, but globally.
"I chose the Legacy 650 because its large three zone cabin, offering incredibly quiet performance and luxury," said the Hong Kong-born actor.
"I believe that Embraer is poised to become a major player in the Chinese executive jet market and thrilled to fulfill my role as brand ambassador for this great Company."
In addition to Jackie Chan's jet, Embraer received orders for 13 Legacy 650s from China's Minsheng Financial Leasing Co, Ltd, one of the country's leading executive jet leasing companies.
Apart from Chan's Legacy 650 executive jet, Embraer is making its Singapore Airshow debut with a fleet that includes commercial jets, and the Lineage and Phenom executive jets.
But the closest you'll get to Jackie Chan at the 2012 Singapore Airshow is his Embraer Legacy 650 executive jet, .
It's hard to miss with distinctive red and yellow dragon livery, and if that's not obvious enough, there's the name on the tail-wing.
The Kung Fu actor who has added on the role of brand ambassador for Embraer took delivery of China's first Legacy 650 in early February.
"We are exceptionally excited Jackie Chan will become the newest member of our Legacy 650 family, and proud he holds full confidence in our jet to satisfy his demand for productivity, comfort and privacy," said Ernest Edwards, President, Embraer Executive Jets.
Chan's "ebullient personality, spirit of relentless innovation and commitment to society" reflect Embraer's values, added Edwards who went on to describe the actor as "an ideal brand ambassador for Embraer Executive Jets".
Last seen in Holywood's remake of the "Karate Kid", the producer and co-producer of the Chinese epic "1911", will assist Embraer in promoting its entire line of executive aircraft, not only in the rapidly growing greater China market, but globally.
"I chose the Legacy 650 because its large three zone cabin, offering incredibly quiet performance and luxury," said the Hong Kong-born actor.
"I believe that Embraer is poised to become a major player in the Chinese executive jet market and thrilled to fulfill my role as brand ambassador for this great Company."
In addition to Jackie Chan's jet, Embraer received orders for 13 Legacy 650s from China's Minsheng Financial Leasing Co, Ltd, one of the country's leading executive jet leasing companies.
Apart from Chan's Legacy 650 executive jet, Embraer is making its Singapore Airshow debut with a fleet that includes commercial jets, and the Lineage and Phenom executive jets.
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