What the Boeing-Embraer Agreement Could Mean for the Hercules Program of New Zealand

An agreement in which Boeing will take an 80% stake in Embraer's commercial aircraft division marks a new course for the Brazilian planner and could give a boost to his ambitions in New Zealand

. The two companies declare that they will create a joint venture to promote and develop new markets and new applications for defense products and services, particularly the multi-mission KC-390 dual jet aircraft, based on Identified opportunities

. Heavy Lifter is in the running to replace New Zealand's aging Hercules aircraft, and Boeing's weight behind this innovative program will help sell the aircraft that has not yet entered active service.

"Joint investments in global marketing of KC-390, as well as a series of specific agreements in the fields of engineering, research and development and the chain of 39, supply, enhance mutual benefits and strengthen the competitiveness of Boeing and Embraer Nelson Salgado, Executive Vice President of Financial Relations and Investors Embraer

Boeing managed to sell his plane to the New Zealand government Poseidon P-8A maritime patrol to replace the 1960s Orions in a $ 2.3 billion market announced on Monday, 19659002] The pressure to replace the fleet of five Hercules, which also dates back 50 years, is equally important and an announcement is expected this year.The latest model Hercules is a serious competitor, and Embraer, who showed his plane to the staff of the Defense, is also competing with a jet double Kawasaki and the big Airbus A400M.

The proposed Boeing-Embraer commercial aircraft contract at Boeing at the small aircraft market. Rival Airbus already has a partnership with Bombardier in the market for less than 150 seats and this week stole the first of which was the C-Series aircraft in its own livery. The CS100 is now the A220-100, while the larger CS300 is now the A220-300.

Airbus holds a 50.1% interest in the Canadian firm and provides expertise in procurement, marketing, sales and customer support. [19659002] Under the terms of the Boeing-Embraer agreement, the US company will hold an 80% stake in the joint venture, with the Brazilian company holding the remaining 20%.

The transaction values ​​100 percent of Embraer's commercial aircraft operations at 4.75 billion US dollars ($ 7 billion), the value of Boeing's stake in US $ 3.8 billion

"will be ideally positioned to generate significant value for customers, employees and shareholders of both companies – and for Brazil and the United States", said Dennis Muilenburg, Chairman and Chief Executive Officer of Boeing

will be led by a management based in Sao Paulo, including a President and Chief Executive Officer, while Boeing will have operational and management control of the new company

Embraer has just launched a new version of its E-Jets.Almost 1400 aircraft of the previous generation E1 have been delivered.

The company was established by the government Brazilian military in 1969 and was originally built on the success of the rugged Bandeirante, who helped open up remote areas of Brazil (and was later exported to dozens of countries including New Zealand.)

The company is under financial and political pressure leading to privatization in 1994 and has been hit by the volatility that plagues planners around the world.

It operates commercial, military and private aircraft with nearly 20,000 workers concentrated in São José dos Campos, State of São Paulo, but with a strong presence in the United States and more than 15 other countries [19659019] Would you like to buy a $ 24 million private plane?

before boarding the $ 24 million Embraer business aircraft Legacy 450 in Brazil

The stylish aircraft parked at Sao dos Campos airport is a new brand "white tail" plane – one without a dedicated buyer – and was opened to a small media

So, Embraer does not want shoe dust or stray hairs on the luxurious interior of the # The plane parked near the runway of its main manufacturing base near the sprawling southern city. from Sao Paulo

The Legacy 450 is a medium-sized aircraft capable of flying at 1017 km / h, with a range of 5370 km, and which can fly up to 45,000 feet. It features a fly-by-wire technology, a stand-up cabin, fittings made in Austria and nine seats for passengers, including a cushioned boat-type seat in the toilet.

Private Aircraft is an Essential Business Embraer is a newcomer to the business jet market and its aircraft lineup hosts established competitors such as Bombardier Learjet, Cessna Citation and Dassault's Falcon . More than 1,000 Embraer executive jets have been sold in 60 countries, Phenom 100s from four to seven places that sell for US $ 4.5 million to Lineage 1000 which can hold up to 19 and sell them for $ 55 million. of dollars.

are used by some airlines for training, while one of the most recent clients for the large lineage suite is the MGM casino operator.

Embraer customers of business aircraft:
• Actor Jackie Chan Legacy 500.
• The British magnate Lord Alan Sugar has a Legacy 650, his third
• MGM Resorts International has purchased 3 Legacy 590s and 3 Lineage 1000Es.
• Warren Buffet's NetJets has 125 Phenom 30s on order, of which more than 60 have been delivered.
• Finnair, Etihad, Emirates and the Australian Flying School (Southeastern Airlines in China) have Phenom 100 for Jet Pilot Training