Embraer receives award from International Council of the Aeronautical Sciences
Embraer showcases the C-390 Millennium at Africa Aerospace & Defence 2024
Embraer Presents the E195-E2 Aircraft in Belgrade
Embraer participates in the inaugural Bali Airshow
Saudi Startup Delegation within the G20, led by Prince Fahd bin Mansour bin Nasser bin Abdulaziz, and NEOM representatives visit Embraer
Embraer brings together startups from all over Brazil to promote innovation and process efficiency
Embraer looking at enhancing its supply chain base in India
Embraer delivers the first C-390 Millennium to the Hungarian Air Force
Embraer sells A-29 Super Tucano to the Uruguayan Air Force
Embraer unveils new entrance gate at Ozires Silva Unit
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Virgin Australia Orders Eight Embraer E190-E2s
Virgin Australia has placed a firm order with Embraer for eight E190-E2 small narrowbody aircraft, as part of its fleet renewal plan. The order will see the E190-E2, the world’s most fuel-efficient single-aisle aircraft with the lowest noise emissions, complement the airline’s larger narrowbodies and replace its long-serving Fokker fleet. The order will be reflected in Embraer’s Q3 backlog and deliveries are scheduled to begin in the second half of 2025. The announcement event was attended by the Deputy Premier of Western Australia and Treasurer, Minister for Transport and Minister for Tourism, the Hon. Rita Saffioti. Virgin Australia’s E190-E2 fleet will be based in Perth and operated by Virgin Australia Regional Airlines (VARA). The aircraft has a flying range of around six hours and is powered by Pratt & Whitney’s PW1900G engines. “When the new E190-E2 enters service from October 2025, it will become the first new aircraft in the WA charter market this century,” said Jayne Hrdlicka, Virgin Australia Group CEO. “The E190-E2 is the most fuel-efficient aircraft in its segment and will reduce emissions by about 30 per cent compared to the outgoing F100. These aircraft also feature significantly lower noise profiles and enhanced passenger comfort.” “When the E190-E2 joins the fleet from late next year it will predominantly operate charter flights for VARA, bolstering its position as a leading operator in the WA charter market. “This is a huge vote of confidence by the Virgin Australia Group in our charter business and the WA market.” “The E2 is a game changer,” said Martyn Holmes, Chief Commercial Officer, Embraer Commercial Aviation. “We are excited to welcome Virgin Australia to the Embraer family and look forward to seeing our best in class E2 - renowned for comfort, quietness, and low emissions – take the Airline to even greater heights.” Building upon the first-generation E-Jets’ 20 years of operational excellence, the E190-E2’s enhanced aerodynamics, novel wing design, and new technologies deliver significant improvements in carbon emissions and fuel burn. It has been certified to fly with blends of up to 50% SAF and has demonstrated through test flights the engine’s operability with 100% SAF. Embraer is committed to developing products, solutions, and technologies to contribute to the aviation industry’s goal of achieving net zero emissions by 2050. Embraer aims to be carbon neutral by 2040 and achieve carbon neutral growth from 2022. It plans to implement 25% sustainable aviation fuel (SAF) use in its operations by 2040 and 100% renewable energy sources by 2030. Since the first Bandeirante took to Australia’s skies in 1978, Embraer’s has firmly established its presence there with close to 50 aircraft currently operating in the country, making it one of the largest E-Jets fleets in the Asia-Pacific region.
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LOT Polish Airlines expands its route network and invites passengers to the sunny island of Tenerife
Thanks to LOT Polish Airlines, this fall is likely to be exceptionally sunny. The carrier’s first flight number LO441 will take off from Warsaw and head for Tenerife on 27 November. Three flights will be available each week – on Wednesdays, Fridays and Sundays. The Polish carrier will be inviting its passengers to visit the Canary Islands aboard its Boeing 737 MAX 8 planes departing from Warsaw at 7:50 am. Return flights are scheduled to leave Tenerife at 1:55 pm local time. The flights will last approximately 6 hours. Tenerife is yet another destination in the national carrier's route network that is continuously expanded in accordance with the airline’s 2024-2028 growth strategy. Being part of the Canary Islands archipelago, this Spanish island is a hallmark of the entire region. Thanks to its unique climate, Tenerife is often referred to as the “island of eternal spring”, as it offers nearly perfect conditions to explore its charms all year long. Located in the Atlantic Ocean, this amazing place combines remarkable landscapes and a well-developed tourist infrastructure. The southern part of the island basks in the sun and offers stunning, sandy beaches surrounded by rocky cliffs. In the north, meanwhile, Tenerife is lush with tropical vegetation and the coastline of this part of the island is dotted with charming bays. Tenerife is a great proposal for all those who crave a sun-filled vacation in the fall or winter. Thanks to the new direct connection offered by LOT Polish Airlines, passengers will be able to reach the Canary Islands in just a few hours’ time. Moderate climate, picturesque mountain ranges and wide beaches are just some of the peculiar features of this unique island, making it a worthwhile destination. I am convinced that the wide variety of attractions Tenerife has to offer will spark great love for Tenerife among LOT Polish Airlines passengers – said Michał Fijoł, CEO of LOT Polish Airlines. When exploring Tenerife, one should definitely visit the Teide National Park – one of the most frequented parks in Europe. Its main attraction – Pico del Teide – is a volcano towering 3,718 meters above sea level. It is also known as the “roof of Spain”. It is also home to a great variety of flora and fauna species. 58 out of over 150 plant species living on the slopes of Teide are endemic to Canary Islands. Due to its unique geographical location and clear skies, Tenerife is, with its volcanic summit, one of the world’s most renowned star-watching locations. Tenerife also offers many fascinating monuments that attract lovers of history and architecture from all over the world. San Cristóbal de La Laguna is the only colonial town without ramparts that has been inscribed on the UNESCO World Heritage List due to its nearly unchanged location of buildings from the 15th century. After ticking off a host of other attractions, such as charming old town districts, one may relax in a “Gauchinche” – a traditional diner serving local dishes that combine regional tastes with an avant-garde touch. Tickets for flights from Warsaw to Tenerife are available via all of LOT’s sales channels, including the lot.com website, LOT Contact Center and LOT Travel offices.
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Embraer extends US$1 billion syndicated credit line for five years
Embraer (NYSE: ERJ; B3: EMBR3) has today signed an US$ 1 billion syndicated credit agreement for five years. The deal is an extension of a US$ 650 million syndicated credit operation announced in October 2022. The contract provides the company with important access to financial resources at pre-negotiated rates. Led by banks PNC Bank, Crédit Agricole, Citibank, and with the participation of institutions such as BNP Paribas, Mizuho, Bank of America, Sumitomo Mitsui Bank Corporation, Natixis, JP Morgan, MUFG, Santander, Banco do Brasil, Commerzbank, Morgan Stanley, Bradesco, and Goldman Sachs, the agreement allows access to a revolving credit line that can be used by Embraer's subsidiaries in the U.S. and the Netherlands, with Embraer S.A. as its guarantor. "The extension of a significant syndicated credit line reinforces Embraer’s liquidity for the next five years, providing important support for our long-term strategy. Our partnership with strong and marquee financial institutions reinforces Embraer's credit quality. For instance, S&P recently raised our rating to investment grade, and we believe this new RCF will be an important support for us to regain full investment grade status across all the rating agencies in the near future," highlighted Antonio Carlos Garcia, CFO of Embraer. Earlier this year, S&P Global Ratings raised Embraer's rating from “BB+” to “BBB-” and maintained a stable outlook. According to S&P, Embraer’s strong cash generation allied with higher aircraft deliveries, cost reduction, and efficiency measures led to free cash flow in 2023 which was considerably stronger than the company’s guidance to the market. Fitch Ratings also revised the company’s BB+ with a positive outlook, while Moody’s raised the rating to Ba1 and maintained a stable outlook.
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Full bloom. LOT Polish Airlines uniforms with a new touch straight from the paintings of Polish artists
Nature has always inspired creators. The plant motif, seemingly simple yet consistently present in art, appears in many paintings – as an allegory, an addition or the main theme. This time, flowers in an elegant arrangement will adorn the uniforms of LOT Polish Airlines cabin and ground crew. The creators of the new accessories drew inspiration from art representing Young Poland, where floral motifs can be found in the works of Stanisław Wyspiański, Olga Boznańska and Józef Mehoffer. Hollyhock – a flower that smells of the Polish summer From now on, the main feature in the design of new scarves and pocket squares for LOT Polish Airlines’ cabin and ground crew will be hollyhocks – flowers that are a distinctive expression of Polish identity. This motif evokes a sunny summer afternoon far away from the city, where hollyhock flowers gently sway in the wind, and the only sound that you can hear is the gentle singing of birds. Peace, elegance and harmony. These are the landscapes of Poland that are appreciated worldwide, and thanks to LOT Polish Airlines, they will be promoted aboard the hospitable national carrier. "LOT Polish Airlines is a proud ambassador of Poland around the world. The partnership with LANCERTO in creating new uniform accessories is another example of our commitment to promoting modern Polish design while remaining faithful to tradition. Every day, our crews, ensuring the safety and comfort of LOT passengers, reach over 100 airports all around the world. We want the hollyhock, a flower associated with Polish art, to become the new hallmark of our hospitality and professionalism," says Izabela Leszczyńska, Director of the Product Development and Customer Experience Department at LOT Polish Airlines. The floral motif on men’s pocket squares will be supplemented by ties in appropriately chosen shades of navy blue and red. LANCERTO designers did not forget the most important symbol of LOT – the crane, which has accompanied the company since it was founded 95 years ago. The symbol of luck and longevity, designed by Tadeusz Lucjan Gronowski, continues to subtly accompany the accessories worn by the cabin and ground crew. From now on, female flight attendants will be wearing white scarves with red hollyhocks and a navy blue trimming, while female purser will be wearing versions with a navy blue background and red flowers with a red trimming. The ground crew, in turn, will be wearing white scarves with red flowers and red edges. The new pocket squares for male cabin and ground crew feature similar designs. The male flight attendants’ ties, in navy blue characteristic of LOT, are adorned with a print of small red cranes, while the male pursers’ ties will be red with a print of navy blue cranes. The male ground crew, in turn, will be wearing red ties with a single crane symbol. "LANCERTO is a Polish fashion brand, therefore we are all the more proud to have been able to design and supply a collection of accessories for the cabin and ground crew of LOT Polish Airlines. Each year, we offer several hundred designs of clothing and accessories for women and men in our stationary stores and online shop. However, the project of cooperation with LOT Polish Airlines is special, as for its needs we have proposed a unique design, dedicated only to our partner. It's a great honour to be able to accompany the crew in their daily work on several continents, and thus fulfil the role of a promoter of Polish design, style and quality," says Michał Grochala, Brand Manager of LANCERTO. LOT Polish Airlines – Promoter of Culture and Art The changes in uniforms are another project undertaken by LOT Polish Airlines, promoting Polish heritage and culture, implemented in cooperation with a Polish brand. Recently, the carrier has showcased several collaborations with domestic companies, such as Krosno and Phenome. LOT actively supports culture, which is exemplified by a project implemented together with the National Museum in Warsaw. The film displaying safety rules on board, which premiered in December 2023, was recorded in the 19th Century Art Gallery. Additionally, the Polish carrier collaborates with many cultural institutions, such as the Warsaw Uprising Museum and the POLIN Museum of the History of Polish Jews. In 2024, LOT became the official carrier of the 19th Chopin Competition, one of the most important musical events in the world, as well as the title partner of this year’s Summer Cinema organized by Kinoteka in Warsaw. On a daily basis, passengers can find a selection of the most interesting travel and cultural recommendations in the monthly magazine entitled “Kaleidoscope”, celebrating its 45th anniversary this year. Onboard the Boeing 787 Dreamliner aircraft and selected Boeing 737s, passengers can enjoy an in-flight entertainment system providing a rich library of films, TV series and music.
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Embraer brings the Phenom 100EX, Phenom 300E and Praetor 600 to LABACE 2024 in São Paulo
Embraer returns to the Latin American Business Aviation Conference & Exhibition (LABACE) 2024 from August 6 to 8 in São Paulo. The company will showcase the newly announced entry-level Phenom 100EX alongside the Phenom 300E, the world’s best-selling light jet for 12 consecutive years, and the Praetor 600, the most disruptive and technologically advanced super-midsize jet. Heading into the tradeshow, Embraer continues its momentum with strong demand for its executive jets portfolio resulting in a historic backlog selling into 2026. In addition to strong sales and continued growth, the company continues ramping up sustainability efforts in order to achieve the company’s goal of zero emissions by 2040, as well as the industry’s goal of Net Zero aviation by 2050. About the Phenom 100EX The Phenom 100EX is an entry-level jet that represents the epitome of comfort, operational versatility and single-pilot-friendly technology. The aircraft features impressive ramp appeal with the most complete airstair in its class, largest entrance door, and the roomiest and most accessible baggage compartment. Onboard, craftsmanship meets innovation in a cabin space where comfort is paramount with the tallest and widest cross section in its class combined with abundant natural light through extra-large windows. The best-in-class, high-tech interior features ergonomic seating, upper tech panels, luxurious Embraer Design DNA interiors, baseline side-facing fifth seat and belted lavatory, and flush-to-the-wall tables. The cockpit is equally considerate with further pilot legroom provided by extended seat tracking, an open-concept cockpit for easier communication with the cabin, and enhanced safety as the first in its class to offer Runway Overrun Awareness and Alerting System (ROAAS). Additional avionics improvements, as part of the Prodigy Touch, based on the Garmin 3000, include FlightStream 510, stabilized approach, predictive windshear, automatic 3D volumetric scanning with lightning and hail prediction, and more. The aircraft is capable of flying at 41,000 feet (12,497 meters) and is powered by two Pratt & Whitney Canada PW617F1-E engines with 1,730 pounds of thrust each. In addition to a high-speed cruise of 406 knots and a four-occupant range of 1,178 nautical miles (2,182 km) with NBAA IFR reserves, the entry-level jet is capable of speeds up to Mach 0.70. Benefiting from the family’s reputation for high utilization and low maintenance costs, the entry-level jet is also one of the greenest dual-engine jets on the market, culminating in a versatile aircraft built to offer the highest level of operational flexibility. About the Phenom 300E The Phenom 300E is the best-selling light jet for the past 12 consecutive years, as well as the most-flown business jet in the U.S., popularized for its best-in-class capabilities. It is the fastest single-pilot jet in production, with a high-speed cruise of 464 knots and a five-occupant range of 2,010 nautical miles (3,724 km) with NBAA IFR reserves. The aircraft is capable of flying at 45,000 feet (13,716 meters), powered by two Pratt & Whitney Canada PW535E1 engines with 3,478 pounds of thrust each. With its class's best climb and field performance, the Phenom 300E costs less to operate and maintain than its peers. The pilot-friendly cockpit enables a single-pilot operation and offers the advanced Prodigy Touch Flight Deck, based on the acclaimed Garmin 3000 avionics suite. It is also the first and only to offer Embraer’s Runway Overrun and Awareness Alerting System (ROAAS), and also features auto-throttle, both of which reduce workload. The aircraft features carried from a class above include single-point refueling, an externally serviced lavatory, and an airstair. Additionally, the Phenom 300E offers a spacious cabin with the Embraer DNA Design and a baggage compartment among the largest in its category. The largest windows in the class deliver abundant natural lighting in the cabin as well as in the private lavatory. The comfort of the seats, with reclining and full movement capability, is enhanced by the best pressurization among light jets (6,600 ft. maximum cabin altitude). The Phenom 300E features distinct temperature zones for pilots and passengers, a wardrobe and refreshment center, voice and data communications options, and an entertainment system. About the Praetor Jets The Praetor 500 and the Praetor 600 are the most technologically advanced aircraft in their categories. The Praetor 500 surpassed certification goals, achieving an intercontinental range of 3,340 nautical miles (6,186 km) with four passengers and NBAA IFR Reserves. The Praetor 500 is the farthest- and fastest-flying midsize jet, capable of true North America corner-to-corner, nonstop flights, such as Miami to Seattle or Los Angeles to New York. Its sibling, the Praetor 600, is the farthest-flying super-midsize jet in the world, capable of nonstop flights from Paris to New York or São Paulo to Miami. With four passengers and NBAA IFR Reserves, the Praetor 600 has intercontinental range of 4,018 nautical miles (7,441 km). The Embraer DNA Design interior eloquently explores every dimension of the cabins of the Praetor jets, including a six-foot-tall, flat-floor cabin, with stone flooring, and a vacuum service lavatory. The class-exclusive turbulence reduction capability and 5,800-foot cabin altitude, complemented by a whisper-silent cabin, have set the highest standards in customer experience in both the midsize and super-midsize categories. The largest baggage compartment in the class is complemented by a generous wardrobe and a full vanity in the rear private lavatory. Advanced technology throughout the cabin is also a trait of the Embraer DNA Design, beginning with the industry-exclusive Upper Tech Panel that displays flight information and offers cabin management features also available on personal devices through Honeywell Ovation Select. High-capacity, ultra-high-speed connectivity for all aboard is available through Viasat’s Ka-band, with typical speeds of around 20Mbps and video streaming capability, another industry-exclusive in midsize jets. About Embraer Executive Jets Embraer is creating tomorrow’s world of bespoke private air travel today, utilizing industry-leading innovation, design, and technology—all the while incorporating sustainable and socially responsible practices. As a global company with more than 54 years in aerospace, Embraer delivers the ultimate experience in business aviation through aircraft that feature disruptive performance, technology and comfort. Its portfolio consists of the Phenom 100EX, which offers unmatched cabin comfort, the highest levels of operational versatility and enhanced pilot-centric avionics; the Phenom 300E, which is the best-selling light jet for the past 12 consecutive years; and the Praetor 500 and the Praetor 600, the most disruptive and technologically advanced midsize and super-midsize business jets, respectively. Every day, Embraer business aircraft operate around the globe, supported by a strong, responsive customer support network that’s top-ranked in service across the industry. For more information, visit executive.embraer.com
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LOT Polish Airlines Receive First E195-E2
LOT Polish Airlines has taken delivery of its first Embraer (NYSE: ERJ; B3: EMBR3) E195-E2 less than three months after signing the deal. The first of three jets leased via Azorra, will arrive in Poland shortly. LOT is adding the E2 to their fleet to enhance operational flexibility and accommodate network expansion. Reaffirming LOT’s commitment to sustainability, the E195-E2 delivers 12.5% lower fuel burn and emissions, and is significantly quieter than its closest competitor aircraft. All three aircraft are expected to be delivered by October. "Twenty years after the delivery of the first Embraer E-170, the LOT Polish Airlines fleet will be expanded by three Embraer E195-E2 aircraft. With these aircraft, we will increase the frequency of flights to selected European cities, offering passengers a high level of comfort in the latest generation fleet. The introduction of new, low-emission aircraft is also part of the implementation of our "Destination ECO" strategy. LOT Polish Airlines is today one of the largest Embraer operators in Europe, so we are happy to welcome further state-of-the-art aircraft, inviting our passengers to travel together," says Michał Fijoł, President of the Management Board of LOT Polish Airlines. Arjan Meijer, President and CEO, Embraer Commercial Aviation, said, “We welcome our long term partner LOT as the 17th E2 operator 20 years after they inducted their first E170 as the global launch customer for the E-jets - in the last two years the number of E2 operators has almost doubled (88%). Along with our leasing colleagues at Azorra, we are proud to have been able to deliver these jets in double quick time to meet our customer’s needs. We look forward to our continued partnership with LOT, including the new opportunities for the E2 – the most fuel efficient, quietest, and least costly jet to operate in the small narrowbody segment.” LOT was the first operator of the brand new E-Jets in 2004. The first revenue flight, on 17th March 2004, was completed by an E170 from Poland’s capital to Vienna. The 85-minute, 520km flight to Vienna marked the beginning of the extraordinary success of Embraer’s new aircraft family; the 1800th E-Jet in the program, an E195-E2, was delivered to a customer in May this year.
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Lufthansa Group achieves an Adjusted EBIT of EUR 686 million for the second-quarter period
- Group revenue increases seven percent to 10 billion euros in the second quarter - Unit costs stable at prior-year level, unit revenues down - Lufthansa Technik result remains at record levels, Lufthansa Cargo up year-on-year in the second quarter - Successful multi-hub, multi-airline and multi-brand strategy to be further internationalized with ITA investment - Lufthansa Airlines launches comprehensive turnaround program following first-half year loss - Full-year outlook: Adjusted EBIT of 1.4 to 1.8 billion euros expected Carsten Spohr, Chairman of the Executive Board and CEO of Deutsche Lufthansa AG: “Flying has lost none of its fascination – global demand for air travel remains strong. As a result, we exceeded the 10 billion euros turnover mark for the first time in the second quarter. However, due to the increase in available seat capacity, the normalization of air fares and average yields continued in all markets worldwide in the first half of the year. In view of the simultaneous rise in costs, profit expectations had to be adjusted across the industry – and also for us. Our most important airline, Lufthansa, was particularly affected in the first half of the year. This is because, in addition to the effects of market developments, there were special effects such as the high strike costs, further delays in aircraft deliveries and the resulting inefficiencies, as well as structural problems of the airline. We therefore want to accelerate the overall modernization of Lufthansa Airlines with a turnaround program in order to make it the Group's flagship again. It is particularly pleasing that in the current challenging environment all the other passenger airlines in the Group, as well as Lufthansa Cargo, remain on course in line with market developments. Lufthansa Technik even posted another record result in the first half of the year. Strategically, we have made decisive progress with four relevant projects: the introduction of our new intercontinental product 'Allegris', the launch of Lufthansa City Airlines, today's sale of AirPlus and the approval of our stake in ITA Airways by the EU Commission. These optimizations of our business model will help us to strengthen our position as number one in Europe." Results The Lufthansa Group increased its second-quarter revenues by seven percent to 10 billion euros in 2024 (prior-year period: 9.4 billion euros). The Group recorded an operating profit or Adjusted EBIT of 686 million euros (prior-year period: 1.1 billion euros). The Group net result amounted to 469 million euros (prior-year period: 881 million euros). The prime drivers here were the 11-percent expansion of the flight program in the passenger business and the strong performance in the MRO segment, whose second-quarter revenues were 16 percent up on the prior-year period. In addition to the increasing normalization of ticket prices and an associated market-related decline in yields in all traffic regions, particularly in the second quarter, the strikes at various Lufthansa Group companies and external system partners also impacted earnings for the period by more than 100 million euros. In addition, operating expenses increased by 10 percent due to the expansion of passenger flight operations, but also to inflation-related cost increases. Passenger numbers and traffic development Demand for air travel continued to rise in the second quarter of the current year. More than 60 million passengers flew with the airlines of the Lufthansa Group in the first six months of 2024, a 10-percent increase on the same period last year. In the second quarter of 2024 alone, the airlines welcomed around 36 million passengers on board (compared to 33.3 million in the second quarter of 2023). Total second-quarter capacity for the airlines of the Lufthansa Group was 11 percent up on the prior-year period. Groupwide second-quarter capacity was at 91 percent of the level offered in the pre-crisis year of 2019. The Group airlines’ seat load factor remained high at around 82 percent – only slightly below its prior-year level, despite the higher capacity. Owing to the market-wide increases in capacity and the resulting price normalization, second-quarter unit revenues (RASK) for the Group’s passenger airlines were 5.3 percent down on the same period in 2023 on a currency-adjusted basis. In addition to the slight decline in seat load factors, falling average prices, which however still remain significantly above pre-crisis levels, were the main reasons for this. The decline can be observed in all traffic regions and was particularly pronounced in Asia. Unit costs (CASK, excluding fuel and emissions expenses) remained at their prior-year level despite the strike costs and generally high cost inflation in the second-quarter period. Total second-quarter revenue for the passenger airlines increased by 4.5 percent to 8 billion euros (prior-year period: 7.7 billion euros). The airlines reported an Adjusted EBIT of 581 million euros (prior-year period: 965 million euros). For the first six months of 2024, the Group's passenger airlines generated total revenue of 13.6 billion euros, some five percent more than in 2023. First-half Adjusted EBIT declined to -337 million euros compared to the previous year (H1 2023: 453 million euros). Lufthansa Airlines launches comprehensive turnaround program Lufthansa Airlines is particularly confronted with challenges resulting from the negative market development in the key Asia-Pacific traffic region, but also faces inefficiencies in its Lufthansa and CityLine flight operations. The significant delays in aircraft deliveries are causing upheavals, in areas such as fleet management and also through the additional maintenance costs for the older aircraft still in use. The disproportionately high increase in location cost in Germany and new collective labor agreements for cockpit, cabin and ground staff also had a negative impact on earnings. As a result, the second-quarter Adjusted EBIT of 213 million euros is some 300 million euros below its 2023 level (prior-year period: 515 million euros). Overall, Lufthansa Airlines recorded a first-half loss of -427 million euros (prior-year period: profit of 149 million euros). Achieving a breakeven full-year result is becoming increasingly challenging for Lufthansa Airlines. In addition to short-term measures to safeguard earnings, the airline has launched a comprehensive turnaround program to increase efficiency, reduce complexity and improve quality, and thereby make the core brand fit for the future. The program includes: Increasing revenue by consistently delivering on the premium promise, for example through the introduction of Allegris and further investments in product and service improvements. Improving the customer experience by focusing on smooth and efficient flight operations, for example through the further digitalization of ground services. Optimizing the network in line with the stronger seasonalization of demand. Increasing productivity, for example by further developing crew planning systems. Reducing to six long-haul aircraft types by decommissioning the Airbus A340-300, A340-600 and A330-200 and the Boeing 747-400 sub-fleets by 2028. Strategically expanding the flight operations of Discover Airlines and Lufthansa City Airlines in order to further develop the product offer at the Frankfurt and Munich locations at competitive costs. Lufthansa Technik continues at record level; Lufthansa Cargo at prior-year level The continuing high demand for air travel is leading to further growth in demand for maintenance, repair and overhaul services. Second-quarter revenue at Lufthansa Technik increased by 18 percent to 1.9 billion euros (prior-year period: 1.6 billion euros). The positive trend was driven in particular by the Aircraft Component and Engine Services business segments. As part of its 'Ambition 2030' program, Lufthansa Technik is planning extensive investments in expanding its core business and extending its locations in Europe, the Americas and Asia. To take one example, an additional site should be established for the repair of engines and aircraft components in Portugal or another location in Southwest Europe, to expand Lufthansa Technik’s own production capacities and recruit additional specialist personnel. In the air cargo business, capacity in the first half of 2024 was 10 percent up on the prior-year period, owing primarily to the expansion of the passenger business and the associated increase in cargo hold capacities. The high demand for e-commerce shipments and capacity bottlenecks in maritime traffic led to an increase in demand at Lufthansa Cargo and thus to a higher cargo load factor. Lufthansa Cargo achieved an Adjusted EBIT of 36 million euros for the second-quarter period, broadly in line with its prior-year level, and expects a good second half-year. Michael Niggemann, Chief Financial Officer of Deutsche Lufthansa AG: “Our revenue rose to over 10 billion euros in the second-quarter period. This was due to a significant increase in capacity at our airlines. This growth was accompanied, however, by a market-related decline in ticket prices. In addition, our higher production levels and cost inflation led to an increase in our operating costs. So despite achieving an operating result of 686 million euros, we earned significantly less in April to June 2024 than we had in the same period last year. In addition to market developments and structural challenges, our largest airline Lufthansa was also affected by special effects. Strike effects also had a negative impact in the second-quarter period. Furthermore, delays in aircraft deliveries in particular led to inefficiencies and additional costs. Nevertheless, we expect to report a clearly positive annual result for the Lufthansa Group, not least in view of the measures we have introduced to safeguard our earnings. Excluding the strike effects, we are convinced that we will achieve stable unit cost development for the year as a whole." Balance sheet strengthened, debt reduced With the seasonally high level of incoming bookings, the Lufthansa Group's 2024 first-half operating cash flow amounted to around 2.8 billion euros (prior-year period: 3.1 billion euros), despite the negative operating result. Net investments were around 100 million euros below their prior-year level at 1.7 billion euros. Overall, the Group thus achieved an Adjusted free cash flow of 878 million euros (prior-year period: 1.1 billion euros). Driven by the seasonally positive adjusted free cash flow and the postponement of some investments, the Group was able to further strengthen its balance sheet in the first half of 2024. Net debt decreased to 8.1 billion euros compared to the end of 2023 (December 31, 2023: 8.4 billion euros). Net pension obligations fell by 200 million euros to 2.5 billion euros, following an increase in the valuation interest rate. The Group's available liquidity increased by 200 million euros to 10.6 billion euros compared to the start of the year and thereby remains above the target minimum range of 8 to 10 billion euros. Strategic development makes progress The Lufthansa Group has made important progress in implementing its long-term strategy. The new ‘Lufthansa Allegris’ long-haul cabin was introduced at the beginning of May, marking an important step in improving the premium product offer for Lufthansa customers. This was followed in June by the launch of Lufthansa City Airlines, which will strengthen the Lufthansa long-haul network at the Munich and Frankfurt hubs by providing competitive feeder and defeeder flights. The EU Commission's competition authority approved the planned acquisition of ITA Airways at the beginning of July 2024. Financial outlook Global demand for air travel remains very robust, especially among private travelers. The airlines of the Lufthansa Group expect another good summer in travel volume terms. Overall, bookings up to the end of October are more than 10 percent up on last year. The most popular summer destinations in 2024 are once again Spain, Portugal, Italy and Greece and, for long-haul travel, the USA, Japan and southern Africa. And this year, too, many vacationers choose a ticket in one of the premium classes. Under present plans, the Lufthansa Group’s third-quarter capacity is expected to amount to around 96 percent of the pre-crisis level. The company assumes that yields in this period will be a low single-digit-percentage down on their 2023 levels. Unit costs are expected to rise to a similar magnitude. Overall, the Lufthansa Group expects its third-quarter Adjusted EBIT to fall short of its 2023 level (prior-year period: 1.5 billion euros) owing to the challenges at Lufthansa Airlines. The Group has adjusted its annual outlook accordingly, and now expects to reach an Adjusted EBIT of 1.4 to 1.8 billion eurosfor the 2024 financial year. This outlook is largely dependent on the earnings performance at Lufthansa Airlines and the traditionally important fourth quarter at Lufthansa Cargo. In line with the adjustment to the annual earnings forecast, the full-year expectation for Adjusted Free cash flow is now well below 1 billion euros, subject to uncertainties regarding the investment volume in the second half of the year. Further information Further information on the results of individual business areas will be published in the report on the second quarter of 2024. This will be published at the same time as this press release on July 31 at 7:00 a.m. CEST at www.lufthansagroup.com/investor-relations. The traffic figures for the second quarter of 2024 will also be published at 7:00 a.m. CEST at https://investor-relations.lufthansagroup.com/en/publications/traffic-figures.html.
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Embraer signs contract with DECEA for the modernization of the Brazilian Air Traffic Control System
Embraer announced today during the Farnborough International Airshow a significant milestone for the future of Brazilian air traffic. Atech, an Embraer Group company specializing in systems engineering, as well as decision support and situational awareness technologies, has signed contracts with the Department of Airspace Control (DECEA). The two new contracts, totaling US$17 million, aim to modernize control centers and upgrade strategic solutions for the management of national airspace flow. The solutions, SAGITARIO and SIGMA, have both been developed by Atech in partnership with the Brazilian Airspace Control System Implementation Commission (CISCEA/DECEA). SAGITARIO is an essential system for air traffic management throughout Brazil. Through its proven reliability and efficiency, the system processes data from various sources, such as radars and satellites, consolidating them into a single visual interface for air traffic controllers. This integrated view of the airspace enables faster and more accurate decision-making, ensuring the safety and smooth flow of air traffic. SIGMA is a complete solution for air traffic flow management, which optimizes the management of air traffic information, flight plans, airway and airport capacities, in addition to distributing air traffic more efficiently. The signing of these new contracts reinforces the long-standing partnership between Atech and DECEA, consolidating the company's position as a leader in the development of cutting-edge technological solutions for the Brazilian aviation sector. Atech CEO Rodrigo Persico, celebrating these new contracts, expressed great satisfaction: "We feel honored and committed to DECEA/CISCEA. These contracts mark an important milestone for Atech and for the development of aerospace technology in Brazil. We believe that the modernized solutions will contribute significantly to the optimization of Brazilian air traffic, benefiting passengers, airlines, and the aviation sector as a whole."
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Embraer Services & Support expands its global services network on MRO, training, material and digital solutions
Embraer Services & Support is accelerating its growth pace and consolidating its role as one of the main drivers of growth for the next years, by offering high-skilled agnostic services combining operational excellence, customer experience, and innovative solutions. Today the business unit announced several new initiatives, including new MRO facilities, full-flight simulators network expansion, Pool Program growth, AHEAD (Aircraft Health Analysis and Diagnosis) update, and connectivity solutions for E-Jets. Embraer Services & Support has been expanding its MRO network worldwide at a fast pace during the past year. The business unit doubled its maintenance service capacity for Executive Jets in the United States, through the addition of three Maintenance, Repair, and Overhaul (MRO) facilities in Dallas Love Field, Cleveland, and Sanford. In Europe, Embraer Services & Support also announced that will double its capacity for Executive Jets in Le Bourget (France). The full-flight simulator global network is also growing. Embraer Services & Support will open three new Commercial Aviation simulators worldwide. The locations will be disclosed soon. In partnership with CAE, Embraer opened this year the Asia Pacific region's first E-Jets E2 simulator in Singapore near Changi Airport, aiming to support E2 operators in the region. For Executive Jets, two more simulators are also to start operations, in locations to be revealed. CAE and Embraer have just launched a new full-flight simulator in Burgess-Hill for the Phenom 300. Additionally, a new simulator for the C-390 Millennium will be disclosed soon. Embraer already has a full-flight simulator for the multimission aircraft in São José dos Campos, Brazil. “Our business unit has reached a US$ 3.1 billion record backlog in 2024, by offering the best-in-class agnostic services in key market areas such as MRO (Maintenance, Repair, and Overhaul), Engines, Aerostructures, Training, Materials, Modifications, and Conversions. Embraer Services & Support aims to continue expanding its global footprint, strengthening its position as a growth driver for Embraer” says Carlos Naufel, President and CEO, Embraer Services & Support. The Pool Program is also growing at a fast pace. Since 2023, more than 180 E-Jets joined the Program network. The program currently supports 66 airlines worldwide. With the Pool Program, Embraer provides support to airlines with its technical expertise and its wide component services network, generating significant savings in repair and inventory carrying costs and a reduction in warehousing space and resources required for repair management, while providing guaranteed performance levels and industry-leading cost predictability. Embraer Services & Support has also been introducing substantial updates to AHEAD (Aircraft Health Analysis and Diagnosis) platform. These enhancements are designed to optimize maintenance operations, featuring improvements to the repeater function, the tracking of exceedance and adverse events, and a groundbreaking fuel consumption module. AHEAD's advanced solutions leverage data to foresee potential maintenance needs, facilitating predictive maintenance for E-Jets fleets. By identifying patterns of aircraft systems degradation and suggesting preventive actions, AHEAD offers our customers unparalleled efficiency and operational excellence. Another important update from Embraer Services & Support is E-Jets connectivity solution, as the business unit started to offer the product along with partners. More than 30 E-Jets are receiving the solution worldwide, further integrating operators' fleets with fast Wi-Fi for its customers.
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Embraer announces sale of six A-29 Super Tucano at Farnborough
Embraer announced today during the Farnborough International Airshow, the most important aerospace industry event of the year, the sale of six A-29 Super Tucano aircraft to the Paraguayan Air Force (FAP). As a multi-mission aircraft, the A-29 provides the Air Forces with versatility for armed reconnaissance, close air support, light attack, and advanced training missions on a single platform, which exponentially increases the institutions' availability and operational flexibility. The operation, with deliveries scheduled from 2025, includes mission equipment and an integrated logistics services agreement. “We are honored by the Paraguayan Air Force (FAP) decision and very pleased to be able to announce more A-29 Super Tucano sales, which is a leading aircraft in the international market in its segment. We are confident that the A-29 meets the current and future needs of the FAP”, says Fabio Caparica, Commercial Vice President for Latin America at Embraer Defense & Security. “Defense is a pure public good because it provides society with a service that contributes solely and exclusively to the stability of the nation as an essential element for an integrated development of a country. This has a positive impact not only on issues related to national sovereignty but also on all areas of development. The Paraguayan Air Force (FAP) has the constitutional mission of safeguarding territorial integrity and, within its scope, exercising effective sovereignty over airspace, facing new threats, such as combating drug trafficking and transnational organized crime”, said Air General Júlio Rubén Fullaondo Céspedes, Commander of the Paraguayan Air Force. “To face emerging threats, we are in the process of modernizing our aerial and detection capabilities, and we intend to be up to the technological standards that allow us to correctly apply the measures established in the Law on Surveillance and Protection of Paraguayan Airspace in a to effectively contribute to the preservation of regional and international peace and security”. The A-29 Super Tucano is the global leader in its category, boasting over 260 orders, surpassing 550,000 flight hours, with 60,000 of those in combat. The number of air forces operating the A-29 Super Tucano steadily expands due to its unmatched combination of features, making it the most cost-effective, accessible, and versatile choice. For Air Forces seeking a proven, comprehensive, efficient, reliable, and cost-effective solution on a single platform, coupled with great operational flexibility, the A-29 Super Tucano offers a wide range of missions such as close air support, air patrol, special operations, air interdiction, JTAC, forward air controller (FAC), air and tactical coordinator (TAC), Armed ISR, border surveillance, reconnaissance, air escort, basic, operational and advanced training, transition to air superiority fighters, JTAC/LIFT and FAC training. The A-29 Super Tucano is the most effective multi-mission aircraft in its category, equipped with state-of-the-art technology for precise target identification, weapons systems, and a comprehensive communications suite. Its capability is further enhanced by advanced HMI avionics systems integrated into a robust airframe capable of operating from unpaved runways, in austere environments and without infrastructure. Furthermore, the aircraft has a simple maintenance concept, which offers high levels of reliability, availability, and structural integrity with low life cycle costs.
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The Netherlands to acquire nine Multi-Mission Airlift Embraer C-390 Millennium in joint order with Austria
The Dutch Ministry of Defense signed the contract today for the acquisition of nine Embraer C-390 Millennium aircraft during a ceremony at the Farnborough Airshow. As part of the project ‘Replacement of Tactical Airlift Capacity’, the contract is a joint purchase, in cooperation with Austria – five aircraft for the Royal Netherlands Air Force and four aircraft for the Austrian Air Force. With this joint order, both countries aim at increasing their ability to rapidly deploy or evacuate equipment and personnel worldwide, even under difficult operational conditions. The enhanced tactical airlift capacity provided by the C-390 increases operational flexibility and responsiveness, provides logistical support in various missions and operations, and enables a wide range of humanitarian and medical tasks. The joint purchase will also allow both nations – as well as current and future operators – to cooperate and benefit from synergies in areas like training, logistics and future growth of the platform, together with the other C-390 operators in NATO nations. The C-390 Millennium provides maximum operational readiness enabling interoperability and connectivity in networked environments and multiple domains. The C-390 will improve operational capacity by offering better performance, greater reliability, and higher transport capacity. Additionally, the choice for the C-390 ensures that the Royal Dutch and Austrian Air Forces are equipped with state-of-the-art technology to meet the mission demands of the future. “It is great that we can sign this agreement for both Austria as the Netherlands. I'm happy to see that we can buy these planes with the same specifications. This is a good example of collaboration in Europe between countries. The constructive support of Embraer has played a crucial role in the successful realization of this agreement. We appreciate the contribution of Embraer and look forward to a successful cooperation”, said Vice-Admiral Jan Willem Hartman, National Armaments Director of the Netherlands. “We welcome the Netherlands and Austria as the newest members of the growing group of nations that have ordered the C-390 Millennium, the most efficient and modern military tactical transport currently in operation”, said Bosco da Costa Jr, President and CEO, Embraer Defense & Security. “This aircraft is the best choice in the market, offering an unbeatable combination of high performance, advanced technology and low life cycle costs.” Since entering operation with the Brazilian Air Force in 2019 and the Portuguese Air Force in 2023, the C-390 has proven its capacity, reliability, and performance. The current fleet of aircraft in operation has accumulated more than 13,000 flight hours, with mission capable rate of 93% and mission completion rates above 99%, demonstrating exceptional productivity in the category. The C-390 can carry more payload (26 tons) compared to other medium-sized military transport aircraft and flies faster (470 knots) and farther, being capable of performing a wide range of missions such as transporting and dropping cargo and troops, medical evacuation, search and rescue, firefighting, and humanitarian missions, operating on temporary or unpaved runways. The aircraft configured with air-to-air refueling equipment, with the designation KC-390, can operate both as a tanker and as a receiver, in this case also by receiving fuel from another KC-390 using pods installed under the wings.
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Eve Air Mobility and Siemens Energize U.S. Advanced Air Mobility Industry
Through a Memorandum of Understanding, Eve Air Mobility (“Eve”) (NYSE: EVEX; EVEXW), an aerospace manufacturer and service and solutions provider for electric vertical take-off and landing aircraft (eVTOLs), and Siemens Smart Infrastructure, a manufacturer of electrical and digital technologies and solutions, are teaming up to evaluate the electrical infrastructure and energy management services needed to support safe, efficient and scalable eVTOL operations. Together, the two companies will collaborate on evaluating the energy service needs for eVTOL aircraft and demand for these services across the United States as the Advanced Air Mobility (AAM) industry grows. The AAM industry is rapidly taking shape around the world and now stands on the cusp of commercialization. Integrating AAM into the existing transportation ecosystem offers an additional zero-emission option for urban mobility, reduces travel time, and accelerates decarbonization efforts. Similarly, eVTOL technologies are expected to transform communities through investments in infrastructure, electrification, new jobs and freedom of movement, thereby creating a Target Addressable Market anticipated to be greater than US$760 billion by 2040. “As a market leader in electrical infrastructure, Siemens is excited to continue driving the evolution of this futuristic industry, alongside Eve Air Mobility,” said John Kasuda, Head of the Airports and Vertiports markets at Siemens Smart Infrastructure North America. “Our relationship with Eve will formulate the most valued approach to energy services for airports, vertiports, eVTOL operators, and other AAM stakeholders.” “The results and insights that Siemens and Eve Air Mobility will gain from this collaborative effort are expected to inform our strategy in preparing the ecosystem and developing services at scale for customers in the U.S. and, potentially, around the world,” said Luiz Mauad, Vice President of Customer Services at Eve Air Mobility. The energy services Siemens and Eve are exploring will support the electrical infrastructure and provide fleet operators with the confidence to launch and scale AAM operations. These models would ultimately help minimize upfront capital impacts, thereby accelerating the transition to AAM while overcoming potential obstacles to entry.
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LOT Polish Airlines is expanding its presence on the Iberian Peninsula
Following Madrid and Barcelona, Lisbon is LOT Polish Airlines’ third scheduled route connecting Poland with the Iberian Peninsula. The inaugural flight will take off on February 3, 2025, and initially, the connection will be available five times per week: on Mondays, Tuesdays, Thursdays, Fridays, and Sundays. From February 24, 2025, passengers can also fly to the Portuguese capital on Wednesdays and Saturdays. LOT Polish Airlines aircraft will be taking off from Warsaw at 10:15 a.m. Return flights have been scheduled to leave Lisbon at 2:25 p.m. The route will be operated by Boeing 737 MAX 8 aircraft, and the flight will last more than four hours. Thanks to additional planes continuously joining our fleet, we are able to offer our passengers – for the first time in the history of LOT Polish Airlines – a connection to Lisbon. The capital city of Portugal offers plenty of sightseeing opportunities, even on short stays, but also allows travellers to relax on the coast of the Atlantic Ocean. Lisbon moreover serves as an excellent starting point for trips to Porto or the Algarve region, with its iconic southern Portugal beaches. You are warmly welcomed to visit the western part of Europe aboard our flights, says Michał Fijoł, CEO of LOT Polish Airlines. Lisbon – an iconic city for those craving excitement and relaxation Lisbon is one of Europe’s most charismatic capitals. The city enchants visitors with its architecture and monuments, which are a testament to its rich history: from the traces of ancient Rome to Mauritanian streets and azulejos (ceramic tiles) to the era of the great geographic discoveries when the local port was a starting point of great journeys by Bartolomeu Dias and Vasco da Gama, and when the Torre de Belém fortress bid farewell to sailors setting out to conquer new lands. Today, the Portuguese capital is regarded as a friendly city which skilfully blends traditional heritage with modernity. Its iconic, colourful streets are teeming with bustling café life, and the resounding fado music is a source of inspiration for street artists. Although a formal siesta is not typical in Lisbon, those seeking some respite will appreciate the apparent culture of relaxation and a much slower pace of life here – especially on hot days, when the city offers opportunities to unwind on the Tagus River or the nearby beaches of the so-called Lisbon Riviera. According to a report by Statistics Portugal (INE), more than 30 million tourists visited Portugal between January and December 2023 – an increase of 10.7 per cent over the record year of 2019. Polish tourists are also showing a growing interest in Portugal. Last year, just over 335,500 Poles visited the country – an increase of 20.9 per cent over pre-pandemic levels. The route to Lisbon is LOT Polish Airlines’ first direct, scheduled connection with Portugal. So far, the carrier’s passengers could take advantage of flights offered under a code-share agreement with TAP Portugal. This option will still be available to LOT Polish Airlines passengers. Tickets for flights connecting Warsaw and Lisbon are now available through all carriers’ sales channels, including lot.com, LOT Contact Centre and LOT Travel offices.
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Eve Names Suppliers for eVTOL Interior and Power Distribution System
Eve Air Mobility ("Eve") (NYSE: EVEX; EVEXW) has named Diehl Aviation as the designer and producer of interior and ASE as the supplier for the power distribution system for the company’s electric vertical take-off and landing (eVTOL) aircraft. “We strongly believe that the addition of Diehl Aviation and ASE to an already strong list of global suppliers ensures that we will be able to deliver on our commitment to our customers of producing a high-quality and capable eVTOL,” said Johann Bordais, CEO of Eve Air Mobility. “Each of our suppliers are signing long-term relationships that cover the enter life cycle of the aircraft. We look forward to working with Diehl and ASE on all phases of our development and production including prototypes, production and aftermarket service and operational support.” Diehl Aviation, an industry leader in the design, development and production of integrated solutions for aircraft cabin, was selected to design and produce the interior of Eve’s eVTOL aircraft. Diehl will work closely with Eve’s engineering and design team to turn the company’s vision for an innovative and comfortable cabin into a reality to deliver the best flight experience for passengers. ASE, a world-class supplier of electrical power systems for aerospace and defence industry, will develop and produce the Primary High Voltage Power Distribution System, the Primary Low Voltage Power Distribution System and the High Voltage DC-DC converter which will connect the two systems aboard the eVTOL. ASE has consolidated experience in design, development, integration, production and support of electrical power systems for multiple types of aircraft. Eve’s eVTOL aircraft utilizes eight dedicated propellers for vertical flight and fixed wings to fly on cruise, with no change in the position of these components during flight. The latest concept includes an electric pusher powered by dual electric motors that provide propulsion redundancy with the goal of ensuring the highest levels of performance and safety. While offering numerous advantages such as lower cost of operation, fewer parts, optimized structures, and systems, it has been developed to offer efficient thrust with low sound. Last year, the company announced that its first eVTOL production facility will be located in the city of Taubaté, in the state of São Paulo, Brazil. With an eventual total expected output of up to 480 aircraft per year, Eve is planning on expanding the site’s capacity on a modular basis, with four equally-sized modules with capacity for 120 aircraft per year. This will provide for a disciplined, capital-efficient investment approach as the market grows. Eve has also developed a comprehensive portfolio of agnostic services and operations solutions, including Vector, a unique Urban Air Traffic Management software to optimize and scale Urban Air Mobility operations worldwide.
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Eve Air Mobility Unveils First Full-Scale eVTOL Prototype
Eve Air Mobility (NYSE: EVEX; EVEXW), a global leader in manufacturing and providing services for electric vertical take-off and landing (eVTOL) aircraft, has announced a significant advancement in the assembly of its first full-scale eVTOL prototype. During the 45th Farnborough Airshow, the company unveiled the aircraft being built in the Embraer test facility of Gaviao Peixoto, Sao Paulo State. "Our global team of engineers have shown exceptional dedication and expertise to successfully assemble our first full-scale eVTOL prototype," said Johann Bordais, CEO of Eve Air Mobility. "This is a significant milestone that underscores our commitment to safety, accessibility and innovation. As we now turn our attention toward the preparation of a rigorous testing campaign, we are not just creating an aircraft, we're building a comprehensive ecosystem of solutions that will shape the future of the Advanced Air Mobility industry." In addition to the roll-out of its prototype, Eve also announced that it has completed the selection of the primary suppliers for its eVTOL aircraft. As Eve advances into the next phase of development, the eVTOL prototype already has a series of comprehensive testing campaigns. These campaigns are designed to meticulously assess every aspect of the aircraft's operation and performance, from flight capabilities to safety features. These valuable insights will play an important role in refining the design and functionality of the aircraft. "This extensive testing phase begins the next fundamental step in our journey," said Bordais. "It ensures that our eVTOL meets the high standards and expectations we've set for performance and safety." Through its relationship with Embraer, the world’s third-largest aircraft manufacturer, Eve is able to take advantage of Embraer’s 55 years of experience developing, designing, certifying, and producing aircraft as it develops its eVTOL. Additionally, customers will benefit from having access to an existing global network of service and support locations, critical to ensuring reliable, safe, and efficient operations. With letters of intent for 2,900 eVTOLs, Eve’s aircraft utilizes eight dedicated propellers for vertical flight and fixed wings to fly in cruise, with no change in the position of these components during flight. The concept includes an electric pusher powered by dual electric motors that provide propulsion redundancy with the goal of ensuring the highest levels of performance, safety and dispatch reliability and low cost of operation. Eve continues to develop a comprehensive portfolio of agnostic services and operations solutions. This includes Vector, a unique Urban Air Traffic Management software designed to optimize and scale Advanced Air Mobility operations worldwide.
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BNDES finances the export of 32 Embraer E175 jets to American Airlines
The Brazilian National Bank for Economic and Social Development (BNDES) concluded the financing contract for the export of 32 Embraer E175 commercial jets to American Airlines. The operation, worth around R$4.5 billion, takes place through BNDES Exim Post-shipment, a direct credit line from the Bank to commercialization of national goods destined for export. The announcement was made today in a ceremony at Embraer's headquarters in São José dos Campos, interior of São Paulo state, which was attended by the Brazilian President, Luiz Inácio Lula da Silva, the Brazilian Vice-President, Geraldo Alckmin, the Minister of Ports and Airports, Silvio Costa Filho, and the president of BNDES, Aloizio Mercadante, among other authorities. The support of BNDES has been fundamental to the Brazilian aeronautical industry, which is considered strategic due to its high technological content, generation of high-skilled jobs, and development of innovations with positive societal impacts. “This financing will contribute to accelerating the production and export of our aircraft to American Airlines and boosts Brazil’s neo-industrialization process, increasing the country’s innovation and competitiveness,” said Francisco Gomes Neto, president and CEO of Embraer. “BNDES, with its strategic vision, has been fundamental to the development of national industry through financing exports, access to working capital resources and investment in research and development.” At the beginning of the year, American Airlines announced a firm order for 90 E175 jets, with purchase rights for an additional 43 aircraft. The jets will be delivered with 76 seats. If all purchase rights are exercised, the agreement will exceed US$ 7 billion in value, according to list price. The value of the firm orders was included in Embraer's backlog in the first quarter of 2024. “BNDES is Embraer's largest partner and has supported the export of more than 1,300 aircraft since 1997. This is financing that exceeds the sum of US$25 billion over the years. The maintenance of this support, under President Lula's government, contributes to the Brazilian company remaining one of the three largest in the world in aircraft production, generating qualified jobs and income in Brazil,” says the Bank's president, Aloizio Mercadante. In addition to exports, BNDES also supports Embraer's innovation investment plan. In February, the Bank approved financing of R$500 million (US$90 million), through BNDES Mais Inovação, for the company to develop new products, processes, and digital technologies for gains in efficiency, productivity, and also for sustainable air mobility, with a focus on energy transition and carbon emission reduction. "BNDES is committed to innovation in the Brazilian aerospace industry to make it increasingly competitive and sustainable, with the capacity to expand markets and develop new technologies, aligned with the Brazilian federal government's Mais Produção Plan, in the axis of a more exporting and innovative industry focused on high value-added products," explains José Luís Gordon, Director of Productive Development, Innovation, and Foreign Trade of BNDES. Historically, countries with cutting-edge aeronautical industries have provided perennial financing to their respective national manufacturers through development banks (DBs) and export credit agencies (ECAs) in their respective countries. In Brazil, this role is played by BNDES. The Bank financing complements financing provided by the private market and enables Embraer to compete in the foreign market on an equal footing with its competitors.
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EURAMEC Unveils 4th and 5th Gen Jetfighter Flight Sim Capabilities, ISR Part Task Trainers at Farnborough 2024
European Flight and Mission Simulation System Builders EURAMEC announced today 4th Gen close-range combat and 5th Gen multi-role advanced jet fighters flight simulator offerings at the Farnborough Air Show, scheduled July 22-26, 2024. Following the acquisition earlier of AeroSimulators , EURAMEC also added a full suite of ISR Training and Tactical Mission training products to enable high impact capabilities that will bolster Europe’s armed forces. “We and our global partners center our Defence solutions on the development of professional military training for airborne forces,” Bert Buyle, CEO EURAMEC said. “We translate the newly adopted military Capability Development Priorities into advanced defence training solutions to ensure our resilient, agile and robust European armed forces are ready to tackle present and future threats.” At the recent Steering Board of the European Defence Agency (EDA), the 27 EU Ministers of Defence approved the 2023 EU Capability Development Priorities. The document serves as a baseline for EU-wide defence planning, and all EU defence-related initiatives. EURAMEC develops, builds and supports OEM Part Task Trainers for global defence operators, from equipment replicas to Full Mission Training devices for ISR, Radar Operators, EW, TACO and Acoustic Operators, aerial firefighting and air refuelling. EURAMEC has gained extensive experience in the development and construction of complex transport aircraft simulators, especially single- and twin turboprop aircraft that have dual use. This allows EURAMEC to supply entire mission training devices whereby the flight crew and tactical operations crew can train together in extremely realistic scenarios. Also technical crews can gain improved skills and expertise thanks to EURAMEC’s immersive VR/AR training solutions. ### VISIT EURAMEC AT FARNBOROUGH INTERNATIONAL, BELGIAN PAVILION #1157
