Company Watch - Embraer.Nov 20, 2006 Embraer estimates global demand for planes in the 30- to 120-seat niche at 7,500 in the next 20 years, totaling about USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $220 billion. It expects manufacturers to deliver 3,050 of those jets by 2016 and the remaining 4,450 from 2017 to 2026. To serve that market, Embraer makes small commuter planes and larger, long-range long-range adj. 1. Of, suitable for, or reaching long distances: long-range missiles. 2. Requiring or involving an extended span of time: long-range planning. regional aircraft called E-Jets that can seat up to 110 passengers. Embraer finished the third quarter with a firm order backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. of USD$13.3 billion. Nov 19, 2006 Embraer has been expanding its product line in recent years in a bid to diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. its revenue base, which is heavily dependent on regional jets. Nov 19, 2006 Embraer in addition to a new family of next-generation regional jets, Embraer is seeking to become a force in the executive jet market -- a crowded niche that it hopes to compete in by offering more affordable planes that are cheaper to operate. Nov 19, 2006 Embraer said it estimates global demand for executive jets at 11,115 planes over the next decade, totaling about USD$169 billion. Nov 19, 2006 Embraer, the Brazilian aircraft manufacturer, expects to deliver up to 165 planes in 2007, up slightly from a previous forecast of 160. Embraer, the world's fourth-largest commercial jet maker, also predicted it would deliver between 195 and 205 jets in 2008. It said 15 to 20 of the 2008 deliveries would be Phenom phe·nom n. Slang A phenomenon, especially a remarkable or outstanding person. 100s, a small, luxurious business jet Embraer is developing. Phenom deliveries are due to start in the second half of 2008. Nov 19, 2006 Embraer admitted to "difficulties with the production ramp-up of the Embraer 190 and Embraer 195 aircraft," citing problems resulting from "wing assembly and supply chain delays." Consequently, it lowered its full-year forecast for aircraft deliveries from 145 to 135. In the third quarter it delivered 22 commercial aircraft, down 37.1% from 35 delivered in the year-ago quarter. Revenues related to the commercial aviation segment declined 28.8% to $567.3 million and the segment accounted for 63.5% of the company's overall revenues, down 11.4 points from the 74.9% it contributed in the year-ago quarter. Nov 16, 2006 Embraer delivered 13 fewer commercial aircraft in the third quarter than in the year-ago period and saw net income for the three months ended Sept. 30 fall 45.5% to $61.4 million compared to $110.2 million last year on a 16% drop in revenues to $894.1 million. Nov 16, 2006 Embraer appointed David Balloff VP-external relations for the US. His primary role on behalf of the Brazilian manufacturer will be to serve as a liaison to the US Congress, Dept. of Transportation, FAA, National Transportation Safety Board and various industry groups located in Washington. Balloff previously served with FAA and NTSB NTSB abbr. National Transportation Safety Board and as an adviser to Rep (programming) REP - A directive used in IBM object code card decks (and later PTF Tapes) to REPlace fragments of already assembled or compiled object code prior to link edit. . Jimmy Duncan For other persons of the same name, see James Duncan. James Duncan (12 November 1869 — 19 October 1953) was a New Zealand rugby union footballer, coach and referee. He was born in Dunedin, New Zealand. (R-Tenn.) when he was chair of the House Aviation subcommittee sub·com·mit·tee n. A subordinate committee composed of members appointed from a main committee. subcommittee Noun . Nov 13, 2006 Embraer Sees Aircraft Demand From China, India. Brazilian plane maker Embraer aims to sell at least 200 regional jets in Asia, excluding China, over the next two decades and sees most of the demand for its aircraft from India, Japan and Australia. Nov 13, 2006 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Nov 13, 2006 |
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