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Brazil aviation news

Plane owned by former Vale CEO crashes in Brazil, seven killed

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...

TAM operates first A350 international flight

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...

Embraer Stock Plunges 12% on Earnings: 3 Things Investors Missed

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...

Embraer 2015 Results As Expected for Bizjet Division

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...

EASA Approves Embraer's Sorocaba Service Center

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...

Embraer says Republic Air had 24 jet orders at Chapter 11 filing

Republic Airways Holdings Inc had outstanding orders for 24 Embraer E175 passenger jets when it filed for Chapter 11 reorganization in a U.S. court last week, Brazilian aircraft manufacturer Embraer SA said on Sunday. Embraer has already delivered four E175 jets to the U.S. airline out of 28 total firm orders. The remaining 24 were scheduled for delivery between August 2016 and December 2017....

Brazil airline Gol to get $251 mln cash injection, trim routes

Feb 27 Brazil's second biggest airline Gol Linhas Aereas Inteligentes SA said it will get a cash injection of up to 1 billion reais ($251 million) and announced cuts to its routes and aircraft fleet in an effort to trim costs amid weak demand. Takeoffs and landings will be cut by 6 percent this year while service to seven cities is being ended, Gol said in a securities filing on Friday. It...

E190-E2 heralds a new era in the 130-seat jet segment

Embraer, the world's leading manufacturer of commercial jets up to 130 seats, today took a step in the consolidation of its leadership by presenting the E190-E2, the first E2 jet – Embraer´s second generation of the E-Jets family of commercial aircraft. The aircraft´s maiden flight is scheduled for the second half of 2016, with entry into service scheduled for 2018. The cerem...

Embraer Phenom 300 is most-delivered business jet in world for third consecutive year

The Embraer Phenom 300 was the most-delivered business jet in the world in 2015 for the third consecutive year, with 70 aircraft received by customers around the globe. "We would like to thank our customers for their confidence and continuing relationship, which has enabled the Phenom 300 to enjoy successful acceptance worldwide since its launch," said Marco Tulio Pellegrini, Pre...

Neymar's 'private jet to be SEIZED' as Brazilian court orders £33m worth of Barca star's assets to be frozen

Neymar is currently under investigation in Brazil over alleged tax evasion during the last two years of his Santos career between 2011 and 2013. A Brazilian court has ordered the seizure of £33million worth of Neymar's possessions, according to reports. Spanish outlet Marca claim the Barcelona star will have his luxury yacht and private jet reclaimed, as well as numerous properties...

Legacy 500 Makes Singapore Debut

Claudio Camelier, v-p sales for Middle East and Asia Pacific (not including China) for Embraer Executive Jets (EEJ), told AIN last week that the region accounts for 10 percent of its fleet now. At the Singapore Airshow, the highlight for the Brazilian company will be the debut of its Legacy 500 here; it also has a Phenom 100, a Phenom 300 and a Legacy here on the static display....

Hundreds of passengers evacuated as plane CATCHES FIRE before take-off

The right turbine of the plane caught fire while on the runway, according to a spokesman for Brazilian airline Jet. The aircraft was being pushed back from the airport gate in Brasilia, the country's capital, at the time of the blaze yesterday. Four fire trucks raced to the scene at around 3:20pm local time and contained the fire in the fuselage next to the engine. The 145 passengers...