Embraer Executive Jets delivered 51 Phenom 300 and Phenom 300E light jets in 2019, making it the most delivered light jet of the year. This is the eighth consecutive year that the Phenom 300 achieves this mark, having accrued more than 530 deliveries since entering the market in December 2009. The information was released by the General Aviation Manufacturers Association (GAMA).
“Today’s delivery milestone only reinforces the success of this phenomenal aircraft platform, which recently received further performance, comfort and technology enhancements,” said Michael Amalfitano, President & CEO, Embraer Executive Jets. “Though it’s already the best-selling light jet in [...]
Dubai Aerospace Enterprise (DAE) Ltd. announced today that it has signed a US$300 million 5-year dual tranche unsecured term financing facility with Emirates Islamic and Emirates NBD Capital, the investment banking arm of Emirates NBD. The facility will contain a conventional and an Islamic tranche and can be upsized to US$600 million. The facility will support the future financing needs of DAE’s business.
Firoz Tarapore, Chief Executive Officer of DAE said: “We are very pleased to enter into this agreement with Emirates Islamic and Emirates NBD Capital, and to deepen our relationship with Emirates NBD as we continue to diversify our pool of liquidity. We thank both [...]
Addressing the World Economic Forum (WEF) in Davos this week, ICAO Secretary General Dr. Fang Liu contributed to a range of WEF sessions on topics relating to drones and urban air mobility, medical applications for unmanned aircraft including emergency supply deliveries and epidemic control, and current and future aviation emissions reduction efforts.
A main theme highlighted throughout her contributions was the critical importance of numerous aviation benefits to governments’ successful achievement in ten years’ time of the Agenda 2030 UN Sustainable Development Goals.
The ICAO Secretary General co-chaired the 2020 WEF Board of Stewards Meeting [...]
Airbus announced that, as part of its plan to produce 63 A320 Family aircraft per month in 2021, the company will expand its industrial footprint in the U.S. by increasing the production rate of A320 family aircraft at its Airbus U.S. Manufacturing Facility in Mobile to seven per month by the beginning of next year. This increase, and continued recruiting for the A220 manufacturing team, will result in a further 275 jobs added at the Alabama-based facility over the next year. The company will also invest another $40 million through construction of an additional support hangar on the site, bringing its total investment to more than $1 billion in the Gulf Coast city.