Embraer lands $1.4 billion corporate plane order as business jet show kicks off
By Allison Lampert LAS VEGAS (Reuters) - Deals kicked off on Monday ahead of the world’s largest business jet show, led by a $1.4 billion (£1.08 billion) order for aircraft from Brazil's Embraer SA while rivals touted recent improvements in flight ranges and aftermarket services. Michael Silverstro, chief executive of fractional aircraft ownership provider Flexjet, announced a firm order for 64 Embraer business jets, including a mix of the planemaker's mid-size and super mid-sized Praetor aircraft. The announcement came ahead of the biggest business jet show anywhere around the globe.
By Allison Lampert
LAS VEGAS (Reuters) - Deals kicked off on Monday ahead of the world’s largest business jet show, led by a $1.4 billion (£1.08 billion) order for aircraft from Brazil's Embraer SA
Michael Silverstro, chief executive of fractional aircraft ownership provider Flexjet, announced a firm order for 64 Embraer business jets, including a mix of the planemaker's mid-size and super mid-sized Praetor aircraft.
The announcement came ahead of the biggest business jet show anywhere around the globe. It opens on Tuesday and features new large corporate planes that can fly farther, services like fast Wifi at 40,000 feet and an industry push toward sustainable aviation fuels.
The Praetor order comes as Embraer is pursuing a broader strategy to grow its executive-jet division as it cedes control of its commercial aviation division to U.S. planemaker Boeing Co
The highlight of this year's NBAA show is widely expected to be the Monday evening announcement of a new long-range jet from U.S. planemaker Gulfstream, which declined comment.
The jet is expected to be a response to Bombardier's
"Anything else out there is just a stretch," Bombardier Aviation President David Coleal said about the Global 7500 at a Las Vegas press conference on Monday.
Earlier in the day, Bombardier said its new Global 5500 aircraft will fly 200 nautical miles farther than planned, with a range of 5,900 nautical miles, a lure for customers eager to travel non-stop between far-flung cities.
The Montreal-based plane and train maker is adding a pair of line maintenance stations at two U.S. locations, which will introduce unscheduled services to customers and then build toward scheduled maintenance operations in the coming months.
Bombardier has focused on boosting sales of new products and maintenance packages to drive revenue growth for its aftermarket service business.
Textron Aviation, which produces Cessna Aircraft, said it increased warehouse square footage at three U.S. locations by nearly 50%, to over 8,000 square feet. The U.S. expansion follows Textron's plans to make parts more readily available to customers in Europe and Asia-Pacific earlier this year.
“Aftermarket has always been a key business driver to ensure we can support our customers,” said Kriya Shortt, senior vice president, global customer support for Textron Aviation.
(Reporting by Allison Lampert in Las Vegas; Editing by Nick Zieminski and Tom Brown)
This story has not been edited by Firstpost staff and is generated by auto-feed.
By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.