- Corporate Address
- Avenida Brigadeiro Faria Lima 2170
Sao Jose Dos Campos, SP 12227-901
Phone: 55 12 3927 4404
Fax: 55 12 3922 6000
Embraer - Empresa Brasileira de Aeronáutica SA - is based in São José dos Campos, Brazil, and was founded in 1969 as a government aerospace initiative and then privatised on 07-Dec-1994. On 31-Mar-2006 the majority of Embraer shareholders approved Embraer’s capital restructuring proposal, which consists of a simplified capital structure composed of one type of shares (common shares).
The Company focuses its activities on three business areas and markets:
- Commercial Aviation;
- Executive Aviation;
- Defense Systems.
1,693 total articles
86 total articles
Pressure from having to pull capacity from Venezuela and overall economic weakness in many regions within Latin America pressured Copa Airlines’ financial results for 2014; but the airline still delivered a respectable 19.8% operating margin for the year and posted a decrease in unit costs.
Many of the elements that dragged down Copa’s financial results in CY2014 remain intact – continued pressure on yields by moving a significant amount of capacity from Venezuela and weakened economies in Latin America. The airline has not made any adjustments to its projected 7% capacity growth for CY2015, but its expansion of supply is at a lower rate than 2014, and most of the growth stems from network changes Copa undertook in CY2014.
Although Copa’s yield and unit revenue challenges will persist in the near future, overall the company remains in good financial shape to withstand the macroeconomic pressures weakening its results.
The late Jan-2015 profit warning from Flybe, the UK's largest regional airline, is a reminder that no restructuring programme ever follows a smooth path. Over the past couple of years, the airline has made good progress with cost reduction, repaired its balance sheet with fresh equity and a Gatwick slot sale, trimmed its network, exited a loss-making Finnish joint venture and rebalanced its fleet plan towards turboprops. In spite of its focus on the UK regions, it has also entered London City, London Southend and London Stansted.
However, the competitive response to its London City entry has been stronger than it anticipated and, although most of its network faces no airline competition, LCCs are its main competitors on routes where there are other airlines. This puts pressure on yields (although the impact on revenues is partially offset by Flybe's raised load factor). In addition, leasing costs associated with Embraer 195 jets that Flybe no longer wants are weighing on its results.
In this report, we consider these issues in the context of a review of Flybe's strengths, weaknesses, opportunities and threats.
January, as befitting the two headed Roman God who gives his name to the month, is a time for reflection and expectation.
So Oriel, CAPA's partner in leading fleet data, has put commercial aircraft values under the spotlight. With the usual turbulence in the industry compounded by the multiple flow on effects of the oil price slump, 2015 looks likely to be another year where staying agile - and knowledgeable - will be essential.
This report covers the outlook for each of the main categories of aircraft: in-production narrowbodies; out-of-production narrowbodies; in-production widebodies; out-of-production widebodies; widebody freighters; regional jets; and turboprops - along with a global overview.
Brazilian airline Azul continues to shake up the country’s aviation business in CY2014 through the launch of widebody operations, an order for Airbus narrowbodies and resuscitating its initial public offering that was shelved in CY2013.
Azul is basing its ambitions on the conclusion that there is significant upside for air travel in Brazil as growth projections over the medium to long term remain relatively robust. The airline believes it has built a solid network to accommodate the long-term demand, and is now making its case to potential investors that it is positioned to leverage the anticipated growth.
But the challenges Brazil’s airlines have faced in the short term – namely a fragile economy – remain intact, and it is not certain if the market will rise to meet Azul’s ambition.
With the Farnborough International Airshow over, the major aircraft manufacturers have reported their July orders and deliveries and 2014 is shaping up as another exceptionally strong year for the global airliner market.
Despite the talk of an aircraft ordering bubble, demand remains strong despite some regional weaknesses, order backlogs continue to hit record highs and the major problem for manufacturers is getting their aircraft into the hands of their customers at rates that satisfy them.
Competition in Myanmar is set to intensify further as several of the country’s airlines pursue ambitious fleet expansion. Two Burmese carriers used the recent Farnborough Airshow to order new aircraft, putting the Myanmar market in the spotlight as local carriers attempt to capture some of the rapid growth which so far has mainly benefitted foreign airlines.
Domestic market leader Myanma Airways has committed to acquiring at least six ATR 72-600s, adding to orders the government owned carrier placed in early 2014 with GECAS for 10 737s. Meanwhile one of its eight privately owned local competitors, Air Mandalay, has committed to at least six MRJ90 regional jets.
Myanmar’s airline sector currently consists of nine airlines, including eight domestic operators, with a combined fleet of just over 40 aircraft. The total fleet in Myanmar could double over the next few years as several existing carriers expand and new airlines enter the market. But such rapid growth may not be sustainable and consolidation seems inevitable.