Page 29 - World Airnews Magazine May 2020 Edition

MANUFACTURER

EMBRAER BIZJET DELIVERIES

CONTINUE

mbraer said it expects a further
Edelay in the closure of a deal for

Boeing to purchase its commercial aircraft
business as it recorded a strong year in its

executive jet division in 2019.
Embraer now expects a delay beyond
June 23 for approval by the European Com-
mission for its plan to sell Boeing 80% of its
commercial aircraft business for (US) $4.2

billion in cash, officials told analysts.

The deal with Boeing remains a top pri-
ority despite the crisis caused by the novel

corona virus, officials said. In late 2019, Embraer announced a pur- cancellations, an extensive slowing in its

Embraer continues to work with Boeing chase agreement with Flexjet for an order supply chain or production operations, or
a material impact on demand for prod-
to gain the approval and to make the deal valued at up to (US) $1.4 billion for Praetor ucts, it said.
and Phenom 300E business jets.
move forward, Embraer CEO Francisco
Still, the company has suspended guid-

Gomes Neto said on the call. Backlog at the end of 2019 for the exec- ance for 2020 until the company has a

Despite the COVID-19 pandemic, Embraer utive jet segment totalled (US) $1.4 billion,

is continuing to deliver executive jets in 2020. about 9% of Embracer’s total backlog. better sense of its impact, officials said.
The company has temporarily halted

“We had a few deliveries this week and we In its commercial aviation segment, production in Brazil and is evaluating other

continue with our sales activities,” Embraer Embraer delivered 89 commercial jets in possible actions.

2019, including 35 in the fourth quarter,
CFO Antonio Carlos Garcia said. Embraer de-

livered all business jets it produced in 2019 and compared to 90 in 2018. So far, it is difficult to know the impact

ended the year without whitetails, he said. The Brazil-based manufacturer posted of COVID-19 on its business, officials said.

The company delivered 109 executive total revenue of (US) $5.46 billion in 2019, As soon as it does, Embraer will restate its

jets in 2019, including 62 light jets and 47 up from (US) $5.07 billion in 2018, and a financial guidance. Q
large jets, up from 91 in 2018. Shipments net loss of (US) $322.3 million compared to

included 46 in the fourth quarter, including a net loss of (US) $178.2 million in 2018. Article courtesy: https://aviationweek.

20 light jets and 26 large jets, up from 36 So far in the wake of the novel corona com/business-aviation/embraer-bizjet-

for the same quarter the year before. virus, Embraer has not experienced order deliveries-continue-2020-despite-covid-19
NEWS AIR SERV IN CENTRAL
AFRICAN REPUBLIC
“The world is facing challenges never be- that currently, only three ventilators are

fore seen, but we are determined to continue available to the population of nearly five

providing support as long as we are able.” million people. Air Serv is working alongside

n Air Serv aircraft is on the ground

The programme is operating as part of a

Ain Bangui, Central African Republic network providing air transport services to other aid organizations to source and deliver
(CAR) to support humanitarian operations non- governmental agencies and humanitar- supplies amid worldwide suspension of inter-

national commercial flights, as an increasing

there. The programme is expected to be short ian organizations working within the region. number of countries are permitting the

term until it can be taken over by the French Relief organizations, and especially health- arrival and departure of humanitarian cargo

organization, Aviation Sans Frontieres (ASF). care providers, are under extreme strain as the flights only. Air Serv aircraft are the bridge

However, border closings are quickly virus begins to spread through the country. connecting lifesaving aid with those who

impacting the movement of aircraft and Six confirmed cases had been reported need it most. The organization is urgently

crew from country to country, increasing as of March 31, although the number is not requesting donations and pledges as it re-

the likelihood of extension. widely considered accurate due to a shortage sponds to this unprecedented crisis.
The Air Serv team arrived in CAR with the of tests and is expected to increase quickly. Donor-supplemented programs will

expectation of remaining for the next thirty CAR is heavily dependent on outside as- facilitate the delivery of desperately needed

days, but is prepared to continue the pro- sistance, with an estimated 70% of health- supplies, and permit partner organizations

gramme should conditions deteriorate and care provided by non-profit aid organiza- to focus the bulk of their budgets where

the ASF crew is unable to enter the country. tions. The inability to transport cargo and they will have the most impact, providing

“Emergency response waits for nothing. personnel into the country due to border healthcare, shelter, food, and sanitation.

If anything, services are needed now more closings could have catastrophic effects. Donations can be made through the Air

than ever,” said Air Serv CEO, Stu Willcuts. The Norwegian Refugee Council reports Serv website at www.airserv.org Q
World Airnews | May 2020
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