Finmeccanica will be showcasing the company’s expertise in aerospace and security sectors and its footprint in the key Brazilian market through this week’s LAAD Security exhibition in Rio de Janeiro, Brazil. Poised for growth in the region, the company will display solutions from the sectors of security, helicopters, airborne, space, and naval defence electronics that will imp...
Due to the anticipated high-demand on ground services (including aircraft parking, hotels, and more), Universal Weather and Aviation, Inc. (exhibit #H317) is recommending operators planning to attend the 2016 Brazil Summer Games, August 5 through September 18, begin pre-planning immediately. 'Authorities are estimating more than 480,000 visitors will be in Rio de Janeiro during the games, w...
Brazil’s Sorocaba Airport will be a “bedroom community for business jets” during the Olympics Games this summer in Rio, according to Embraer, which established an FBO and MRO facility at the São Paulo-area airfield two years ago. Dassault Falcon and Gulfstream also selected the airport, which is 22 nm from São Paulo and 240 nm from Rio, as the lo...
Fitch Ratings agency today initiated coverage of Embraer, assigning its BBB- Foreign and Local Currency long-term issuer default ratings (IDR), which corresponds to investment grade. The same ‘BBB-’ grade was attributed to unsecured ratings to debts issued. Fitch has also assigned a ‘AAA(bra)’ National Scale rating to Embraer. According to the agency, the rating outlook...
Azul Brazilian Airlines has selected a host of Rockwell Collins avionics, including its MultiScan ThreatTrackTM weather radar and GLU-925 Multi-Mode Receiver (MMR), for 58 Airbus A320neo aircraft. Deliveries will begin in September. The announcement was made at FIDAE 2016 Chile, the International Fair of Air and Space Exhibition. “These advanced avionics will enable Azul ai...
Gulfstream Aerospace’s service center in Sorocaba, Brazil, recently performed maintenance on its first Argentina-registered aircraft, some seven months after receiving maintenance authorization approval from Argentina’s Administración Nacional de Aviación Civil. The large-cabin Gulfstream the facility worked on is based at Ministro Pistarini International Airport near Bue...
A Comp Air CA-9 turboprop single crashed into a townhouse moments after takeoff from São Paulo Campo de Marte Saturday afternoon, killing the pilot and mining magnate Roger Agnelli and six members of his family. One person on the ground was also injured. Agnelli was formerly president of Vale, Brazil's largest private company. The all-composite CA-9, tail number P...
Roger Agnelli, the Brazilian banker who turned Vale SA VALE5.SA into the world's No. 1 iron ore producer, died on Saturday in a plane crash, a source close to aviation authorities told Reuters. He was 56. Agnelli, his wife and two children were among seven killed when his Comp Air 9 turboprop monoplane slammed into two homes around 3:20 p.m. local time (1820 GMT), minutes after taking off f...
Brazil’s TAM has operated its first Airbus A350 international flight, with service to Miami that landed this morning. The aircraft arrived to a water cannon salute after a flight from Sao Paulo Guarulhos. It will return to Sao Paulo later this evening. TAM TAM operated its first A350 revenue service in February, with service between Sao Paulo and Manaus. It t...
Shares of Brazilian aircraft manufacturer Embraer plummeted 12% on Thursday, after the company's Q4 earnings and 2016 guidance missed expectations. This cut its market cap to less than $5 billion. Embraer's defense business was under pressure throughout 2015 as the Brazilian government has been coping with a budget crisis. Its executive jet business has also fallen on hard times, due to...
Fourth quarter delivery numbers for Embraer's business jet division were mostly as expected in today's announced financial results, while deliveries of commercial jets (25 light and 20 large jets – 101 deliveries for all of 2015) surpassed its overall annual guidance for 2015. Embraer Executive Jets delivered 82 light jets and 38 large jets throughout 2015, meeting its projections fr...
Embraer’s business aircraft service center in Sorocaba, Brazil, this week received certification from the European Aviation Safety Agency covering maintenance for the airframer’s entire business jet family. The important approval, which adds to the blessing already conferred by Brazil’s ANAC agency, came just before the second anniversary of the opening of the 21,500-sq...
