Source: Boeing As express and e-commerce markets continue to drive strong demand for production and converted freighters, Boeing [NYSE: BA] today announced a new partnership with a Costa Rica-based maintenance, repair and overhaul (MRO) provider to create additional conversion capacity for the 737-800 Boeing Converted Freighter. Boeing will open two 737-800BCF conversion lines with Cooperativa Autogestionaria de Servicios Aeroindustriales (COOPESA) in Alajuela, Costa Rica. The first of the new conversion lines is expected to open in early 2022, with the second anticipated later that year. Boeing forecasts 1,500 freighter conversions will be needed over the next 20 years to meet growing demand. Of those, 1,080 will be standard-body conversions, with nearly 30% of that demand coming from North America and [...]

Source: Embraer Embraer announced today that it has signed a long-term Pool Program Agreement with the U.S. carrier Breeze Airways to support a wide range of repairable components for the airline’s E190s and E195s fleet. The agreement includes full repair coverage for components and parts, as well as access to a large stock of components at Embraer’s distribution center, which will support the start of the airline’s operation. “We’re very happy to extend our partnership with Embraer to include the Pool Program which confirms not only that we get immediate access to an inventory of parts more efficiently, it greatly enhances our aircraft maintenance and schedule reliability, and also reduces our upfront investment and allows for a more efficient management [...]

Source: Embraer Embraer (NYSE: ERJ; B3: BOVESPA: EMBR3) delivered a total of 22 jets in the first quarter of 2021, of which nine were commercial aircraft and 13 were executive jets (10 light and three large). As of March 31st, the firm order backlog totaled USD 14.2 billion. During 1Q21, KLM Cityhopper, the regional subsidiary of KLM Royal Dutch Airlines, received its first E195-E2 jet. This first E2 delivery to KLM, and lessor ICBC Aviation Leasing, elevated the total number of Embraer jets in the KLM Cityhopper fleet to 50 aircraft. In the same period, Air Peace, Nigeria and West Africa’s largest airline, took delivery of its first E195-E2 aircraft. Air Peace is the launch customer in Africa for the [...]

Source: Airbus Airbus has provided more details to its social partners during a European Works Council (SE-WC) meeting about the Company’s ongoing assessment of its industrial set-up in Europe, notably regarding aerostructures activities in France and Germany. Airbus has reaffirmed its intention to build a stronger aerostructures assembly value chain across its industrial system to its social partners, and considers aerostructures assembly as core to its business. Airbus presented its plans to create two integrated aerostructures assembly companies at the heart of its industrial system in order to reinforce its value stream management and prepare the Company for its short- and long-term future. As part of these plans, and upon successful completion of the ongoing social process, the new company [...]

Source: Embraer Embraer (NYSE: ERJ; B3: BOVESPA: EMBR3) delivered 71 jets in the fourth quarter of 2020, of which 28 were commercial aircraft and 43 were executive jets (23 light and 20 large), which represents a decrease of 10 aircraft in the quarter in comparison with 4Q19.The Company delivered a total of 130 jets in 2020, comprised of 44 commercial aircraft and 86 executive jets (56 light and 30 large), which represents a decrease of almost 35% compared to 2019, when 198 jets were delivered. Although deliveries accelerated during the fourth quarter of 2020 relative to the three previous quarters, they were heavily impacted, mostly in commercial aviation, due to COVID-19 pandemic. As of December 31, the firm order backlog [...]

Source: Boeing   The U.S. Federal Aviation Administration (FAA) today rescinded the order that halted commercial operations of Boeing 737-8s and 737-9s. The move will allow airlines that are under the FAA's jurisdiction, including those in the U.S., to take the steps necessary to resume service and Boeing to begin making deliveries.   "We will never forget the lives lost in the two tragic accidents that led to the decision to suspend operations," said David Calhoun, chief executive officer of The Boeing Company. "These events and the lessons we have learned as a result have reshaped our company and further focused our attention on our core values of safety, quality and integrity."   Throughout the past 20 months, Boeing has worked [...]

Embraer adjusts its structure in response to the impact of COVID-19 and the cancellation of the partnership with Boeing   Source: Embraer   Embraer announced today a 4,5% adjustment to its global workforce, which corresponds to approximately 900 employees in Brazil. The measure stems from the impacts caused by the COVID-19 pandemic on the global economy and the cancellation of the company's partnership with Boeing. The objective is to ensure Embraer's sustainability and engineering capacity.   The pandemic particularly affected Embraer Commercial Aviation, which experienced a 75% reduction in aircraft deliveries during the first half of 2020 as compared to the same period last year.   The situation worsened as a result of the duplication of structures associated with the [...]

Source: Embraer Embraer started today its restructuring process with the reintegration of the commercial aviation business and announces Arjan Meijer as the new President and CEO of Embraer Commercial Aviation, succeeding John Slattery. Arjan will report directly to Embraer President and CEO Francisco Gomes Neto, and the move will be effective immediately. Arjan, 47, has been Chief Commercial Officer of Embraer Commercial Aviation since January 2017. In his role as CCO at the company, he has been responsible for the global Marketing and Sales functions across six different regions, helping the company to achieve 35 airline deals. He joined the company in April 2016 as Vice President of Commercial Aviation for Europe, the Middle East, Africa, and Russia. Prior to [...]

Source: Embraer HIGHLIGHTS   Embraer delivered five commercial jets and nine executive jets (five light / four large) in 1Q20, and the Company’s firm order backlog at the end of 1Q20 was US$ 15.9 billion;  EBIT and EBITDA in 1Q20 as reported were US$ (46.9) million and US$ 9.3 million, respectively, yielding EBIT margin of -7.4% and EBITDA margin of 1.5%. This compares to EBIT of US$ (15.2) million (-1.8% EBIT margin) and EBITDA of US$ 30.9 million (3.8% EBITDA margin) in 1Q19. The 1Q20 results include special items due to the impacts of COVID-19: 1) US$ 22.2 million in negative fair value changes on the Company’s stake in Republic Airways Holdings, and 2) US$ 33.4 million in bad debt provisions [...]