Brazil: Hainan Airlines reduces its Embraer order by half

4 May 2009

São José dos Campos, Brazil, 4 May – China’s Hainan Airlines agreed with the Harbin Embraer Aircraft Industry to reduce its firm orders for jet ERJ145 aircraft by half, Embraer said Friday in a statement issued in São José dos Campos.

According to the statement, Hainan Airlines signed a contract on 31 August, 2006 for the acquisition of 50 ERJ145 aircraft, 12 of which were delivered by 30 April of this year.

Under the terms of the new agreement, the deliveries were re-scheduled to end at the end of the first half of 2011, rather than the original date, which was by the end of 2010.

On presenting its accounts for the first quarter of the year, Embraer said that the period had been affected by cancelled orders for aircraft in the Executive Aviation segment and by deliveries being delayed in the Commercial Aviation segment, due to the world economic slowdown.

With these change, Embraer’s firm order portfolio at the end of the first quarter stood at US$19.7 billion.

In the first quarter of 2009, Embraer delivered 40 jet aircraft to the Commercial Aviation segment, an 11.1 percent drop against the first quarter of 2008, when 45 aircraft were delivered. (macauhub)