Market Intelligence: Africa

Embraer Deliveries Increase 47% in 2Q23 Totaling 17 Commercial and 30 Executive Jets

Embraer delivered a total of 47 jets in the second quarter of 2023, of which 17 were commercial aircraft and 30 were executive jets (19 light jets and 11 midsize jets). During the year, the company delivered a total of 62 aircraft (24 commercial and 38 executive). The second quarter deliveries were 47% higher than in the same period from 2022. In the first half of 2023, the volume has increased 35% compared to 2022, when 46 jets have been delivered. Compared to the second quarter of 2022, deliveries volume increased by 55% in Commercial Aviation and 43% in Executive Jets. The firm order backlog ended the period at US$ 17.3 billion.

In Commercial Aviation, American Airlines signed a firm order with Embraer for seven new E175s. The aircraft will be operated by the subsidiary Envoy Air. With deliveries to begin 4Q23, Envoy’s fleet of E-Jets will grow to over 141 aircraft by the end of 2024. Embraer also received a firm order from Binter for six E195-E2s, which will bring Binter’s E2 fleet to 16 jets when deliveries are completed. This order will be included in Embraer’s backlog once all contractual contingencies are cleared.

Malaysia’s SKS Airways closed an agreement to add ten E195-E2 jets to its fleet. In addition, SKS joined the Pool Program to support aircraft to be operated in Southeast Asia. Scoot, a lowcost subsidiary of Singapore Airlines, is also adding nine E190-E2s to its portfolio. And Royal Jordanian Airlines reached an agreement to introduce eight E190-E2 and E195-E2 jets into its operations, with deliveries starting in the 4Q23. All three agreements involved contracts with the leasing company Azorra.

Four E175s began to operate with Star Air, an Indian airline that already operates E-Jets. Star Air has also extended its Pool Program contract to include the E175s in its fleet.

In addition to Star Air and SKS Airways, Embraer Services & Support signed Pool Program contract extensions with Rex Group (Australia) and Amelia (France). Another highlight of the quarter for the business unit was the announcement of 20 E-Jets P2F for the Lanzhou Group. This is the first Embraer P2F agreement in China.

In Executive Aviation, NetJets signed a contract with Embraer for the acquisition of up to 250 Praetor 500 jet options. The deal is valued at more than US$ 5 billion, and deliveries are expected to begin in 2025.

For Embraer Defense & Security, a Memorandum of Understanding was signed with Saab to position the C-390 Millennium as the preferred solution for the tactical air transport requirements of the Swedish Air Force and in the search for opportunities for potential Gripen customers in Latin America.

About Embraer

A global aerospace company headquartered in Brazil, Embraer (NYSE: ERJ; B3: EMBR3) completes 50 years of operations in the Commercial Aviation, Executive Aviation, Defense & Security, and Agricultural Aviation segments. The Company designs develops, manufactures, and markets aircraft and systems, in addition to providing after-sales Services & Support to customers.

Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. On average, every 10 seconds an aircraft manufactured by Embraer takes off from somewhere in the world, transporting more than 145 million passengers annually.

Embraer is the leading manufacturer of commercial jets with up to 150 seats and the main exporter of high value-added goods in Brazil. The company maintains industrial units, offices, service centers, and parts distribution, among other activities, in the Americas, Africa, Asia, and Europe.

Source: Embraer Press Release
Photo Credit: Embraer (shown as meta image)

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Aircraft Manufacturer Bombardier Delivers 29 Aircraft in Second Quarter

Bombardier had 29 deliveries during the second quarter which is one more aircraft than the same period last year and has a solid line of sight to reach the overall 2023 guidance of greater than 138 deliveries, the business jet manufacturer announced in its second quarter 2023 financial results.

The results signals continued progress on all business fundamentals and performance on track toward reaching 2023 full-year guidance.

“Bombardier delivered a very strong second quarter. Our team successfully navigated a highly dynamic business environment that saw sustained demand for new and pre-owned jets, as well as steady service growth, all while supply chain pressure persisted,” said Éric Martel, President and Chief Executive Officer, Bombardier. “We continue to progress on our positive trajectory by delivering remarkable growth in profitability, propelled by a strong adjusted EBITDA increase and margin expansion, as well as a positive adjusted net income and earnings per share. Thanks to our team’s tremendous work, we boosted our revenues this quarter by 8 % year-over-year, driven in part by an exceptional 19% year-over-year aftermarket revenue increase.”

Bombardier is a global leader in aviation, focused on designing, manufacturing, and servicing the world’s most exceptional business jets.

Source: Excerpts from Bombardier Press Release
Photo Credit: Bombardier (shown as meta image)

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South African Government Agency Announces Funding for Pilot Training Courses

The South African Transport Education Training Authority (TETA) opened the applications for 2024 Unemployed Learners’ Bursaries. Among the courses to be funded are: Private Pilot License, Commercial Pilot License, Instructor’s Rating, Instrument Rating, CPL with ATPL Subjects (Frozen ATPL), and ATPL (Hour Building). The TETA Bursary covers tuition, accommodation or on off campus, transport, and books and meals.

Learners currently in Grade 12 or have completed matric intending to study qualifications selected for the 2024 intake; Currently registered students at universities and colleges who require funding for the 2024 academic year; Aviation students with valid PPL or CPL; Commercial divers with matric (Senior Certificate) are eligible to apply.

Applicants must be studying at or intending to study at Universities (Public and Accredited Private Institutions), University of Technologies, Public and Private Technical and Vocational Education and Training (TVET) Colleges and Accredited Aviation Schools, Accredited Diving Schools.

The online application system can be accessed through the TETA website. Deadline of Application is on August 23, 2023.

Source: TETA

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Training Aircraft Manufacturer, Textron, Elects Retired General Michael X. Garrett to Board of Directors

Textron Inc. announced that Michael X. Garrett has been elected to the company’s Board of Directors, effective July 1, 2023. Garrett is a retired United States Army four-star general with nearly 40 years of service, most recently serving as Commanding General, United States Army Forces Command (FORSCOM), the largest command in the U.S. Army, from March 2019 until his retirement in July 2022.

“We are honored to add General Garrett to our Board,” said Textron Chairman and CEO Scott Donnelly. “His extensive experience in the military and deep understanding of training and deploying U.S. military forces will enable our company to better serve our military customers. We are fortunate to have a leader and strategic thinker of such high caliber joining our Board,” Donnelly added.

As FORSCOM Commander, General Garrett led 750,000 combat and support personnel through the COVID-19 pandemic and a shifting global security landscape. His earlier command tours included U.S. Army Central Command for almost four years, during which he was responsible for all Army activity in the Central Command area. Previously, he spent six years leading Army activity in the Middle East, first as Chief of Staff, U.S. Central Command and later as commanding general.

“I am incredibly excited to join the Textron team,” General Garrett said. “Their corporate values of integrity, respect, trust, and pursuit of excellence reflect the ethos I’ve always sought to instill within the Army’s soldiers, families, and teams. I look forward to serving Textron in support of its corporate goals and strong culture.”

General Garrett currently serves as an Executive in Residence for Fayetteville State University, a Distinguished Senior Fellow on National Security at the Middle East Institute, a Senior Mentor at the U.S. Army War College and a director of Semper Fi & America’s Fund.

He is a graduate of Xavier University, and a career Infantryman, paratrooper and Army Ranger. His military decorations include the Distinguished Service and Defense Superior Service medals, and he is a Distinguished Member of the 75th Ranger Regiment.

About Textron Inc.

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Pipistrel, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems.

Source: Textron Press Release
Photo Credit: Textron

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