Embraer OKs Two New Bizjets
Embraer will bridge the gap between big and small in its business jet lineup with two new offerings, the MSJ (mid-size jet) and MLJ (mid-light jet) that are scheduled to go into service in 2012 and 2013 respectively. The MSJ will seat up to 12 passengers and offer New York-to-L.A. and Gander-to-London range. The MLJ has seating for seven. The aircraft will fit the Embraer lineup between the Phenom 100 and 300 very light jets and Legacy 600 super midsize. Embraer also makes a business jet based on its E190 passenger jet.
The Embraer board approved $750 million to fund the project and it’s tapping suppliers for additional investment. The company is predicting that the midlight and midsize categories will account for about 2,500 business jet orders over the next 10 years. The Embraer announcement comes on the heels of Cessna’s decision to proceed with a large intercontinental business jet called the Columbus and Gulfstream’s go-ahead for the 650, which will be the fastest civilian aircraft.