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Embraer Recovers From The Impact That The Pandemic Caused To The Aircraft Market And Projects That Sales In 2021 Will Increase
Embraer, a Brazilian transnational conglomerate, manufacturer of commercial, executive, and other aircraft, is reorganizing from the impact that the pandemic had on the aircraft market. Starting in 2021, the company may return with significant sales in the aviation market.
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In the third quarter of this year, the company delivered a total of 28 aircraft, consisting of 7 commercial aircraft and the other 21 executive ones – 19 light aircraft and 2 large aircraft. As of September 30, 2020, the total open orders reached 15.1 billion dollars.
Also, in this third quarter of 2020, Embraer Executive Aviation reached the level of 250 executive jets in operation in Latin America, and delivered Phenom 100EV and Phenom 300E to two Brazilian customers. It also delivered the first Phenom 300E with the new Bossa Nova interior to Joe Howley, Co-founder of Patient Airlift Services.
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China is no longer cheaper because of labor, but because it has entire cities built around a single product for 40 years, and this is something that Vietnam, India, and Mexico will never be able to replicate no matter how much they try.
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Tilapia giant puts R$ 12 million on the table, inaugurates mega factory in Brazil, and will process up to 20 tons of fish per day, creating jobs and strengthening family farming.
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The “blusinhas tax” was canceled in May 2026, and now the government has already confirmed that it will charge tax again on international purchases starting in 2027, this time with no value limit.
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Not even the end of the ‘roller coaster’ described by the price of Brent crude oil (the main global benchmark) – which jumped from a price of $72 to $120, then dropped to $76 per barrel – due to the recent peace agreement between the US and Iran, was enough to relieve the Brazilian economy from inflationary pressures.
During this same period, Helvetic Airways signed a contract to convert four of its remaining firm orders to the E195-E2 jet. The initial order, for 12 E190-E2 aircraft, with purchase rights for another 12 and conversion rights to the E195-E2, was announced in September 2018. So far, Embraer has delivered five E190-E2 to Helvetic Airlines, and the delivery of the remaining seven aircraft (including four E195-E2) will be completed by the end of 2021. Additionally, Vietnam’s Bamboo Airways received and began operating two first-generation E195 jets.
About Embraer:
Revolutionizing Brazilian technology, Embraer was founded in 1969 with support from the national government. They are the 3rd largest manufacturer of commercial jets in the world and absolute leaders in the up-to-130-seat segment. To meet global demands, they established industrial units, offices, and parts and services distribution centers in the Americas, Africa, Asia, and Europe.
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