Embraer’s Curado: ‘Not sure’ about 2010
At a press breakfast in Washington, D.C., Embraer President and CEO Frederico F. Curado said sales of its Phenom 100 and 300 business jets should remain “stable through 2010, then resume growth in 2011, but I’m not sure.”
Earlier this year, Embraer projected 2009 sales of 110 Phenom 100s. “We’re on track to reach that number,” Curado said. “Serial number 70 is on the assembly line right now, and we’ve delivered 22 Phenoms in the first half of this year. If we deliver 35 to 40 Phenoms in the third quarter, we should be OK by year-end.”
The meeting was scheduled as a reminder of Embraer’s 40 years as an airplane manufacturer and to highlight the thirtieth year of Embraer’s offices in Fort Lauderdale, Fla. The company began business on Aug. 19, 1969, manufacturing the 15- to 21-seat EMB 1110 “Bandeirante” light turboprop twins.
July 24, 2009