• Embraer delivered 26 commercial and 25 executive (19 light and 6 large) jets during 2Q19, compared to 28 commercial jets and 20 executive (15 light and 5 large) jets in 2Q18
• The Company’s firm order backlog at the end of 2Q19 was US$ 16.9 billion, up from the US$ 16.0 billion reported at the end of 1Q19. Embraer achieved book-to-bills of above 1x in each of its major business units during the quarter, led by sales performance in the Executive Jets segment
• EBIT and EBITDA in 2Q19 were US$ 26.6 million and US$ 67.0 million, respectively, yielding EBIT margin of 1.9% and EBITDA margin of 4.9%. In the first six months of 2019 the Company’s EBIT was US$ 11.4 million (EBIT margin of 0.5%) and EBITDA was US$ 97.9 million (EBITDA margin of 4.4%)
• 2Q19 Net income attributable to Embraer shareholders and Earnings per ADS were US$ 7.2 million and US$ 0.04, respectively. Adjusted net loss (excluding deferred income tax and social contribution) for 2Q19 was US$ (13.9) million, with Adjusted loss per ADS of US$ (0.08). Embraer reported adjusted net loss in 2Q18 of US$ (0.4) million, for an adjusted loss per ADS of US$ (0.002) in the quarter
• Embraer reported 2Q19 Free cash flow of US$ 1.5 million, versus free cash flow of US$ 43.3 million reported in 2Q18. The Company expects free cash flow generation to improve in the second half of the year given higher expected aircraft deliveries and cash inflows related to Defense & Security contracts
• The Company finished the quarter with total cash of US$ 2,478.8 million and total debt of US$ 3,569.1 million, yielding a net debt position of US$ 1,090.3 million at the end of 2Q19
• The Company reaffirms all aspects of its 2019 financial and deliveries guidance.
Today British Airways has launched a sale offering a pair of Club World (business class) seats from just £2019 return.
There are a range of destinations available for £2019 return for two, including top US destinations such as New York, Miami, Las Vegas, New Orleans, Philadelphia, Washington and Dallas. Further afield the £2019 fare for two will take travellers to Dubai and Abu Dhabi.
Other destinations are available for marginally more including Beijing, Hong Kong and Bangkok for £2998, Mumbai, Chennai, Lagos and Abuja for £2999, Antigua for £2305, Barbados for £2332 return and Toronto for £2399.
BA Holidays deals are also available, including:
Dubai: Club World flights plus three nights at a 4* hotel from £1069 per person
New York: Club World flights plus three nights at a 4* hotel from £1199 per person
Las Vegas: Club World flights plus three nights at a 4* hotel from £1149 per person
Dominican Republic: Club World flights plus seven nights all-inclusive at a 4* hotel from just £1359 per person
And there are deals to be had in other cabins too with two First class seats to New York and Miami respectively available from £3019.
Members of the airline’s Executive Club will benefit by saving with Avios part payment, securing the same £2019 deal for two people travelling together in Club World by paying just £619 return and 261,000 Avios.
Travel is for selected dates between August 13 and September 30, 2019 and customers need to book by August 19.
To book please visit ba.com/luxury-offers.
Ends August 12, 2019
Notes to editors:
Full terms and conditions can be found at ba.com/luxury-offers.
The sale runs between 12pm today, August 12, 2019 and 11.59pm on August 19, 2019.
Newly opened hotel in the heart of Yantian District of Shenzhen brings Hyatt Regency brand’s signature hospitality and connecting guests to the booming city
Hyatt Hotels Corporation (NYSE:H) today announced the opening of Hyatt Regency Shenzhen Yantian in the east Guangdong Province, China. The 298-room hotel aims to bring the Hyatt Regency brand’s signature intuitive service and energizing experiences to business and leisure guests alike.
As part of a newly concepted Recreational Business District, Hyatt Regency Shenzhen Yantian is located in the heart of Yantian District, neighboring Dameisha Beach and Overseas Chinese Town East along a 12 mile (19.5 kilometer) golden coast. Within an hour’s drive to Shenzhen Bao’an International Airport, the hotel is also half an hour to Shenzhen Railway Station and only a five minute drive to the Shatoujiao port of entry to Hong Kong.
“We sincerely appreciate the support from our owner Shenzhen Vanke Binhai Real Estate Ltd. and are excited to see the Hyatt Regency brand footprint grow in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA),” said Stephen Ho, president, Greater China, global operations at Hyatt. “We look forward to welcoming our guests to Hyatt Regency Shenzhen Yantian with confidence for a world-class hospitality experience.”
Guestrooms
Hyatt Regency Shenzhen Yantian was designed by the renowned HEITZ PARSONS SADEK and features 298 contemporary guest rooms with varied dimensions ranging from 462 square feet to more than 2,300 square feet (43 square meters to 215 square meters). There are 20 suites, four Regency Executive Suites and one Presidential Suite, all of which are spacious and located on the 41st to the 50th floor. Select rooms offer gorgeous ocean views and all rooms feature high-quality amenities and panoramic French windows. Guests staying in Club Access Rooms and Suites can enjoy the exclusive Regency Club benefits on the 49th floor.
Dining and Drinking
The hotel offers several fine dining restaurants that cater to varying tastes and group sizes, including:
XIANGYUE, a Chinese Restaurant on the 6th floor providing authentic Cantonese flavors as well as cuisines of neighboring areas. A comfortable experience that feels like dining in a country village, the restaurant’s layout includes a “Dai Pai Don” style open kitchen offering guests a high-touch taste of Cantonese life.
Market Café is a stylish all-day dining restaurant where guests can enjoy a collection of global delicacies. Whether buffet breakfast and dinner, or all-day a la carte service, Market Café will satisfy any taste with a flavorful option. The Lounge is the ideal place to gather friends or family and enjoy themed afternoon tea and various hand-crafted cocktails. Guests can also visit the Sky Lobby, ideal for connecting with colleagues over a vibrant scenery. For a stress-free meal, the hotel offers 24-hour in-room dining services with a range of selections available anytime.
Meetings and Events
To build a dynamic experience for groups that feels connected, motivated and inspired, the hotel events team will be at hand to support customers during conferences, special events and weddings. The hotel offers nearly 25,000 square feet (2,321 square meters) of meeting and event space in total, including a 12,916 square foot (1,200-square meter) pillar-free grand ballroom and five salons equipped with high-tech audio and video systems. Additionally, the ballroom foyer provides more than 6,500 square feet (612 square meters) of flexible pre-functional space to perfectly showcase the creativity of any event.
The scenic surroundings at Hyatt Regency Shenzhen Yantian create the perfect backdrop for weddings of all sizes. A bridal suite with separate fitting room and living room is situated right beside the grand ballroom to deliver a brilliant wedding experience.
Wellbeing
Guests can relax in the hotel’s refreshing outdoor pool or work out anytime at the hotel’s fully equipped fitness center featuring state-of-the-art equipment.
“Inspired by the hotel’s surroundings, the hotel was built with the concept of bringing the forest into the city, offering guests a place to take a deep breath of fresh air and bask in the beautiful scenery,” said Mary Liu, general manager of Hyatt Regency Shenzhen Yantian. “As a bridge between GBA and the Pearl River Delta area, Shenzhen is at the core of this booming region. We are delighted to deliver Hyatt’s well-known expertise in food and beverage and full range of services and amenities for a productive stay.
Embraer delivers 26 Commercial and 25 Executive Jets in 2Q19
São José dos Campos, Brazil, July 30, 2019 – Embraer (NYSE: ERJ) delivered a total of 51 jets in the second quarter of 2019 (2Q19), of which 26 were commercial aircraft and 25 were executive jets (19 light and 6 large). As of June 30th, the firm order backlog totaled USD 16.9 billion compared to USD 16.0 billion at the end of 1Q19. Embraer’s 2Q19 backlog increase is largely due to continued market demand, mainly for the new family of Praetor jets in Executive Aviation. See details below:
In the second quarter, Embraer received the Type Certificate for the E195-E2 from three regulatory authorities: ANAC, the Brazilian Civil Aviation Agency (Agência Nacional de Aviação Civil); the FAA (U.S. Federal Aviation Administration) and EASA (European Aviation Safety Agency). The E195-E2 is the largest of the three members of the E-Jets E2 family of Embraer commercial airplanes.
In the beginning of the 2Q19, Embraer signed a firm order for 10 E195-E2 jets with Air Peace, Nigeria’s largest airline. The contract includes purchase rights for a further 20 E195-E2s. With all purchase rights being exercised, the contract has a value of USD 2.12 billion.
During the 53rd International Paris Air Show, Embraer announced several sales contracts as follows. All values are based on Embraer’s current list prices.
United Airlines signed a contract for up to 39 E175s, comprising 20 firm aircraft and 19 options. The order has a value of USD 1.9 billion with all options being exercised. Binter, of Spain, confirmed the purchase rights for two additional E195-E2s from the original contract signed in 2018. The two new E195-E2s have a value of USD 141.8 million.
Embraer also announced KLM Cityhopper’s intention to purchase up to 35 E195-E2 jets, consisting of 15 firm orders with purchase rights for a further 20 aircraft of the same model. This intention to purchase, which still requires a Purchase Agreement, has a value of USD 2.48 billion.
Embraer announced during the Paris Air Show that it signed a contract with Japan’s Fuji Dream Airlines (FDA) for a firm order of two E175 jets. The order has a value of USD 97.2 million and was already included in Embraer’s 1Q19 backlog as “undisclosed.”
In the executive aviation segment, Embraer received the Type Certificate for the new Praetor 600 super-midsize business jet by the three main world regulatory agencies: ANAC, the FAA, and EASA. The first Praetor 600 was delivered in June to an undisclosed European customer.
Embraer Defense & Security and ELTA Systems Ltd (ELTA), a subsidiary of Israel Aerospace Industries (IAI), signed at the 53rd International Paris Air Show a Strategic Cooperation Agreement to introduce the P600 AEW (Airborne Early Warning). In this cooperation, Embraer is to provide the air platform, ground support, communications systems and aircraft integration while ELTA is to provide the AEW radar, SIGINT (Signals Intelligence) and other electronic systems and system integration.
Embraer Services & Support announced at the Paris Air Show a contract with Azul Linhas Áereas Brasileiras, S.A. for a long-term Flight Hour Pool Program agreement for the carrier’s brand new fleet of Embraer E195-E2 jets. The Company also announced pool maintenance and parts agreements with Helvetic Airways, from Switzerland, and Aurigny Air Services, from the Guernsey Island. During the MRO Americas event, in early April, Embraer also announced support contracts with Air Botswana, Binter, from Spain, and Mauritania Airlines.
WASHINGTON (Reuters) – U.S. President Donald Trump met on Thursday with the chief executives of major American airlines to discuss their accusations that subsidies by Qatar and United Arab Emirates are costing jobs in the United States.
The meeting between Trump and the CEOs of American Airlines, United Airlines, JetBlue Airways Corp, FedEx Corp, and Atlas Air included Vice President Mike Pence, the White House said.
The meeting also included the CEO of state-owned Qatar Airways, Akbar al-Baker, who was also at the White House last week to tout its decision in June to buy five new Boeing 777 freighters.
The White House did not immediately provide details of the meeting.
Since 2015 the largest U.S. carriers – Delta Air Lines, American and United Airlines – have argued their Gulf rivals are being unfairly subsidized by their governments, distorting competition and costing U.S. jobs – something the Gulf carriers deny.
The Partnership for Open & Fair Skies, a group representing Delta, American, United and aviation unions, said it had a “productive meeting” with Trump.
“The president shares our concerns and instructed us to keep working with the U.S. Department of Transportation, which we plan to do,” Scott Reed, the group’s managing partner, said in a statement.
The CEOs of JetBlue, FedEx and Atlas Air have warned that restricting the rights of Qatar Airways could lead to retaliation against U.S. carriers and added, in an April letter, it could lead to “a rapid unravelling of hard-fought aviation rights around the world when other governments take similar action to shield their state-owned airlines from competition.”
Last week, the CEOs of Delta, United and American wrote a joint USA Today op-ed urging the White House to act “decisively to hold Qatar and the UAE accountable.” They suggested that failing to respond would “signal to other countries that they too are free to exploit American workers.”
In April, Secretary of State Mike Pompeo said the administration was scrutinizing Qatar Airways’ acquisition of a 49% stake in Air Italy, which has been flying to U.S. destinations since 2018 in a move seen by U.S. lawmakers as flouting a deal not to add new flights to the domestic market.
Both Republicans and Democrats in Congress have said they were concerned that the deal with the Italian carrier contravened an understanding Qatar Airways reached with the United States in early 2018.
Qatar Airways acquired the 49% of Italian airline Meridiana in 2017, rebranded it Air Italy and transformed it into a carrier with five announced nonstop U.S. destinations from Milan.
The Qatari government said in 2018 it was unaware of any plans to launch flights from Qatar to U.S. destinations via stops in Europe known as “Fifth Freedom” flights.
(Reporting by Steve Holland and David Shepardson; Additional reporting by Jeff Mason; editing by Marguerita Choy, Tom Brown and Richard Chang)
Dassault Aviation has appointed Carlos Brana Executive Vice President, Civil Aircraft.
After graduating from the Ecole Centrale de Paris and from France’s HEC, Carlos Brana began his career at Dassault in 1984 as a design engineer on the Rafale, Mirage F1 and Mirage 2000 combat aircraft programs. He was later assistant manager for the Mirage 2000 program, then contract manager for the Qatar and Taiwan Mirage 2000-5 contracts.
After joining the foreign military sales force in 1998, he led the negotiating team for the Rafale proposal in South Korea before being named Director of Military Sales for the Middle East.
Carlos Brana moved to Dassault Aviation’s business jet operation in 2005. He began as Director of Sales for Asia at Dassault Falcon Jet (DFJ). He was later named Vice President for Contracts & Specifications, and subsequently Senior Vice President for DFJ Operations, with responsibility for customer service, finance and contract management. He also oversaw activities at the Dassault Aircraft Services (DAS) affiliate, which manages company-owned service centers in the Americas.
Since 2016 Carlos Brana served as Olivier Villa’s deputy as Senior Vice President, Civil Aircraft with a special focus on worldwide Falcon business jet sales and marketing.
July 2, 2019 Montréal Aviation, Business Aircraft, Press Release
Newest Learjet gives light jet passengers the freedom to stretch out with a six-seat configuration in the category’s longest cabin
The Learjet 75 Liberty is a step up for light jet operators, delivering better performance for the same operating costs as the competition
With a list price of $9.9 million U.S., the Learjet 75 Liberty puts the world’s best light jet within reach of more customers than ever
The Learjet 75 Liberty is expected to enter service in 2020
Bombardier is proud to unveil the Learjet 75 Liberty, offering more light jet operators than ever before the opportunity to step up into the iconic platform that launched business aviation in America.
Passengers who step into the six-seat Learjet 75 Liberty will have the freedom to stretch out in the only Executive Suite in the light jet category, aboard a stunning cabin that delivers the quietest and smoothest ride.
The Learjet 75 Liberty will be offered at a list price of $9.9 million U.S., with first deliveries expected in 2020. This exceptional value proposition represents a new frontier for the Learjet brand.
“The Learjet 75 Liberty represents a step up for customers in the light jet segment, with unprecedented spaciousness and Bombardier’s renowned smooth ride,” said David Coleal, President, Bombardier Aviation. “The newest member of the Learjet family delivers a flight experience that eclipses the competition.”
The Learjet 75 Liberty offers better performance at the same operating costs as competitor aircraft. The Learjet 75 Liberty is the fastest aircraft in the light jet segment and has a greater reach than the competition. Its range of 2,080 nautical miles can connect Las Vegas to New York, Seattle to Washington, D.C., and Mexico City to San Francisco, nonstop.*
Featuring a flat floor throughout the cabin, a standard pocket door between the cockpit and the Executive Suite providing the quietest flight experience and a Gogo ATG 4G solution for seamless connectivity, the Learjet 75 Liberty offers an environment tailored for productivity.**
The Learjet 75 Liberty aircraft is certified to the FAA’s more stringent Part 25 regulations, applicable to commercial airliners, unlike most competitors in the light jet category that are certified to Part 23 regulations.
Learjet aircraft are preferred by pilots for their impressive handling characteristics and outstanding performance. The Learjet 75 Liberty will feature the advanced Bombardier Vision flight deck, and include the recently announced Garmin G5000 avionics upgrade.
Proudly assembled by a world-class team in Wichita, Kansas, Learjet aircraft represent the pinnacle of American ingenuity.
“I’m extremely proud that the Learjet 75 Liberty will be built in Wichita, where the Learjet dream first took flight,” said Tonya Sudduth, Vice President of Operations and Wichita Site, Bombardier Aviation. “Our Wichita facility today has a diverse mandate supporting Bombardier’s extensive fleet of business aircraft, but to introduce the newest member of this iconic brand is of special significance to our team.”
CHICAGO, July 1 (Reuters) – Southwest Airlines expects it will have to remove the grounded Boeing Co 737 MAX jets from its flying schedule beyond the current Oct. 1 re-entry date following the discovery of a fresh safety issue, Chief Executive Gary Kelly told employees on Monday.
Last week, Boeing said that it would take until at least September to solve 737 MAX software issues – later than airlines had been expecting – after U.S. aviation regulators uncovered a new problem during simulator sessions.
“I’m sure this will cause us to have to take the MAX out of the schedule beyond Oct. 1,” Kelly said in an internal update, adding that the company would also see “what other modifications we might need to make our plans for this year because it’s obviously extending well beyond what I had hoped.”
Kelly did not elaborate on the possible modifications. So far, the Texas-based airline has tried to substitute its MAX routes with spare aircraft but has still been forced to cancel about 115 daily flights.
American Airlines Group and United Airlines Holdings , the other two U.S. carriers that operate the 737 MAX, have removed the jetliner from their flying schedules until early September.
The three airlines are expected to provide more details on the financial toll of a prolonged MAX grounding during second quarter results later in July.
Boeing’s fast-selling narrowbody was grounded worldwide in March following two deadly crashes within five months.
(Reporting by Tracy Rucinski, Editing by Rosalba O’Brien)
July 1 (Reuters) – Lucid Motors said on Monday it hired Tesla Inc’s former vice president of production at its Freemont factory, Peter Hochholdinger, as vice president of manufacturing.
The Newark, California-based electric carmaker in April also named Peter Rawlinson, former chief engineer of Tesla’s Model S, as its chief executive officer.
Lucid, which has more than $1 billion investment from Saudi Arabia’s Public Investment Fund, was founded in 2007 as Atieva by Sam Weng and Bernard Tse, a former vice president of Tesla.
The company positions itself as being less of a direct competitor to Tesla than with luxury car makers such as Audi or BMW, Rawlinson had said.
Hochholdinger, a former production executive at Volkswagen AG, left Tesla last week after three years with the company. At Tesla, he was tasked with improving production for Tesla’s luxury Model S sedan and Model X sport utility vehicle as well as helping build a cost-effective manufacturing program for the Model 3 sedan.
He was the latest high-profile executive to leave Tesla in the past two years, as the automaker struggles to ramp up production of Model 3, which is seen as crucial for its long-term profitability.
Rawlinson said Hochholdinger’s experience in manufacturing would help the company in launching Lucid Air and other future models.
Tesla is expected to report its second-quarter delivery and production numbers this week.
(Reporting by Vibhuti Sharma in Bengaluru; Editing by James Emmanuel)
São José dos Campos, Brazil, June 28, 2019 – Embraer announced today the first delivery of its new Praetor 600 super-midsize business jet to an undisclosed European customer. The delivery ceremony was held at the company’s production facility in São José dos Campos, Brazil, where the first Praetor 600 rolled off the hybrid assembly line that also produces the Legacy 450 and Legacy 500. Assembly of the Praetor 600 will soon also occur at Embraer’s production facility in Melbourne, Florida, where the company has produced more than 360 Phenom and Legacy aircraft since 2011.
“We are thrilled to deliver the first Praetor 600 and we are confident that our customer will be fascinated with the most disruptive and technologically advanced super-midsize business jet to enter the market,” said Michael Amalfitano, President & CEO, Embraer Executive Jets. “The Praetor 600 is certain to create a new value experience for our customers and help them outperform in their business and personal endeavors.”
Announced at NBAA-BACE in October 2018, where it also made its debut, the Praetor 600 was certified in April 2019, just six months after its announcement, becoming the only super-midsize business jet to be certified since 2014.
“The Praetor 600 unleashes the full potential of its platform through industry-leading design, engineering and technology that was yet unseen in the medium cabin class,” said Daniel Moczydlower, Executive Vice President, Embraer Engineering and Technology. “With Embraer’s fourth-generation fly-by-wire technology and more than 25 patented innovations in the interior design and architecture, the Praetor 600 will ensure an industry-exclusive customer experience and raise their expectations of business jets.”
Leading the way, the Praetor 600 is an aircraft of many firsts, including the first super-midsize jet with full fly-by-wire technology, which powers turbulence reduction that not only makes every flight the smoothest but also the most efficient possible.
The Praetor 600 is now the farthest-flying super-midsize jet, able to make nonstop flights between Dubai and London, Paris and New York, São Paulo and Miami. With four passengers and NBAA IFR Reserves, the Praetor 600 has an intercontinental range of 4,018 nautical miles (7,441 km), with the highest payload capacity in its class, and at Mach 0.80, its range is 3,719 nm (6,887 km).
Follow us on Twitter: @Embraer
About the Praetor 600
The Praetor 600 is the most disruptive and technologically advanced aircraft to enter the super-midsize category, delivering the ultimate customer experience with an unparalleled combination of performance, comfort and technology. The Praetor 600 will be the farthest-flying super-midsize business jet, which allows nonstop flights between London and New York. With four passengers and NBAA IFR Reserves, the Praetor 600 will have an intercontinental range of 4,018 nautical miles (7,441 km), with the highest payload capacity in its class, and at Mach 0.80, its range is 3,719 nm (6,887 km).
