- News
- Nov 26, 2024
- 3 min read
When Can We Expect a Business Jet From Embraer?
The aircraft manufacturer's plans to develop a larger business jet remain uncertain.
Rumors about Embraer’s plans to develop a larger, long-range business jet remain merely speculation, judging by what was said at the company’s investor day at the New York Stock Exchange. Dozens of reporters and analysts repeatedly asked about the Brazilian manufacturer’s plans to develop a larger business aircraft, but executives remained evasive and emphasized that their focus was on expanding Embraer’s core business by 65% over the next four to five years—not including the Eve eVTOL program.
Even Mike Silvestro, CEO of fractional provider Flexjet, whose fleet includes numerous Embraer Phenom 300 and Praetor 500 aircraft, said during a panel session that he would like to see a long-range aircraft in Embraer’s lineup.
“If you look at the market share of the Phenom and Praetor, that happened because the product was differentiated by something that adds value for the customer,” said Embraer Executive Jets CEO Michael Amalfitano. “What is the next differentiator that will allow us to unlock and reveal the profitability and customer profile for a new segment? Where is the greatest value? We are talking to customers because this is a multibillion-dollar investment, and we need to think about the entire product life cycle.”
Meanwhile, he outlined the value of eVTOL aircraft for business jet customers. “The urban concept that the Eve eVTOL unlocks means time savings for passengers, and you can apply that to different types of passengers,” Amalfitano said. “If you have a Phenom or Praetor and it is at an FBO, you save the time in road traffic that would take two hours from the Hamptons to the FBO. In an Eve 100, it will take eight minutes.”
Rumors about Embraer’s plans to develop a larger, long-range business jet remain merely speculation, judging by what was said at the company’s investor day at the New York Stock Exchange. Dozens of reporters and analysts repeatedly asked about the Brazilian manufacturer’s plans to develop a larger business aircraft, but executives remained evasive and emphasized that their focus was on expanding Embraer’s core business by 65% over the next four to five years—not including the Eve eVTOL program.
Even Mike Silvestro, CEO of fractional provider Flexjet, whose fleet includes numerous Embraer Phenom 300 and Praetor 500 aircraft, said during a panel session that he would like to see a long-range aircraft in Embraer’s lineup.
“If you look at the market share of the Phenom and Praetor, that happened because the product was differentiated by something that adds value for the customer,” said Embraer Executive Jets CEO Michael Amalfitano. “What is the next differentiator that will allow us to unlock and reveal the profitability and customer profile for a new segment? Where is the greatest value? We are talking to customers because this is a multibillion-dollar investment, and we need to think about the entire product life cycle.”
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Meanwhile, he outlined the value of eVTOL aircraft for business jet customers. “The urban concept that the Eve eVTOL unlocks means time savings for passengers, and you can apply that to different types of passengers,” Amalfitano said. “If you have a Phenom or Praetor and it is at an FBO, you save the time in road traffic that would take two hours from the Hamptons to the FBO. In an Eve 100, it will take eight minutes.”
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