Brazilian planemaker Embraer has said it is in “active talks” with potential partners to develop its latest turboprop aircraft, the first it has built in over four decades. It comes after US giant Boeing axed a $4 billion joint-venture deal in April. Embraer had previously aimed to develop its latest turboprop as a part of
Embraer said on Thursday it would cut 900 jobs, around 4.5 per cent of its workforce, as a result of the cancellation of its partnership with Boeing, and the ongoing COVID-19 aviation crisis. This is in addition to the 1,600 employees who made use of the company’s various voluntary redundancy programs since the onset of
Singapore Airlines (SIA) has successfully completed a US$541 million in debt capital through a series of long-term loans, secured on a number of its Airbus A350-900 and Boeing 787-10 aircraft. With the completion of these transactions, the airline has now secured a total of US$1.19 billion from secured financing since the beginning of the 2020-21
Brazillian aerospace conglomerate Embraer has announced its delivery results for the second quarter of 2020, in which the company delivered a total of 17 jets to clients around the globe. Of these, just four were commercial aircraft, with the remaining 13 deliveries being executive jets – nine light and four large. Commercial deliveries are slightly
Brazilian aerospace manufacturer Embraer has posted its results for the first quarter of the 2020 financial year. Delivering just five commercial jets and nine executive jets (five light/four large), the report shows the effects of a crisis that has cut deep. Though Q1 sales are typically lower across the board, by comparison the company delivered
A substitution of Boeing by the Chinese firm in charge of airliner development has very little chance of becoming a reality for a variety of operational reasons.