Citation Latitude Moves To Production, Embraer business jet deliveries up, HondaJet Debut

BusinessAviationVoice: Citation Latitude Moves To Production

Cessna Aircraft is making good progress toward achieving FAA certification of its Citation Latitude in the second quarter of 2015. Assembly line work recently got underway, with the first aircraft earmarked to become the fourth flying prototype.

Cessna Citation Latitude to start production

Starting the production flow now coincides with Cessna’s targets for delivery of the new model.

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Embraer second quarter business jet deliveries up

  • In the second quarter of 2014 (2Q14), Embraer delivered 29 commercial and 29 executive (22 light and 7 large) jets
  • The Company’s firm order backlog ended 2Q14 at US$ 18.1 billion
  • As a result of aircraft deliveries, coupled with revenues from the Company’s Defense & Security business, 2Q14 Revenues were US$ 1,761.3 million, for year-over-year growth of 13.1%. Year-to-date
  • (YTD) Revenues in the first six months of 2014 were US$ 3,003.6 million, representing year-over-year growth of 13.6%
  • EBIT and EBITDA1 margins were 10.6% and 14.8% respectively, in 2Q14, and for the first six months of 2014 were 9.3% and 13.7%, respectively
  • 2Q14 Net income attributable to Embraer Shareholders and Earnings per basic ADS totaled US$ 143.4 million and US$ 0.7829, respectively. For the first half of 2014, Net income attributable to Embraer Shareholders was US$ 254.0 million and Earnings per basic ADS was US$ 1.3867
  • The Company’s 2014 Guidance for financial performance and Commercial and Executive aircraft deliveries published in February remains unchanged.

Embraer business jet deliveries up

The Executive Jets segment delivered 22 light jets and 7 large jets, totaling 29 aircraft in 2Q14, with an increase of one large jet and a decrease of one light jet relative to the deliveries reported in 2Q13. You can charter the full line of Embraer executive jets from JetOptions


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First Production HondaJet Makes Public Debut at EAA AirVenture Oshkosh 2014

The first production HondaJet made its public debut today at EAA AirVenture Oshkosh. Following a celebratory event commemorating the occasion, the HondaJet concluded the day with an entertaining flight demonstration during the afternoon airshow that included high- and low-speed passes.


“EAA AirVenture Oshkosh has been the setting of several HondaJet firsts and in many ways, this event was the true beginning of Honda’s aviation venture,” said Honda Aircraft Company President and CEO Michimasa Fujino. “We decided to debut the first production HondaJet here as part of Honda’s commitment to inspire others through the power and realization of our dreams.”

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