Is Embraer going to sell any private E-jets?
I mean, Embraer Legacy is based on E-135. Redesigning a liner for a private plane has a relatively low development cost. Now, Embraer feels private jets are a big market – they are developing a brand new cross-section for Very Light Jet, entering into service in 2008, and Light Jet entering into service in 2009. There is also a market for bigger private planes, as shown by the success of Boeing Business Jet and Airbus Corporate Jetliner.
So, any news about private E-jets?
By: Mark L - 19th July 2005 at 14:00
At the moment the only Very Light Jets (VLJ) really come from Raytheon with their Premier 1. Cessna are next up with the Mustang, and there are a number of smaller comapnies such as Eclipse making their own versions.
I think Embraer have once again seen the way the market is likely to develop in the next 10 years with more people wanting small, fast, and economical private jets, largely for business use (efficiency and productivity) with a few more of the social elites being able to pick them up for only a few million as well.
The development costs will undoubtadley be higher than the Legacy which as you say was just an ERJ135 spin off, but I think this decision will pay off for Embraer within the next 10 years.
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July 19, 2005 at 1:52 pm