Aircraft
Embraer Bullish on Bizjet Market
Embraer Executive Business Jets President and CEO Michael Amalfitano was upbeat about Embraer's market penetration at EBACE 2019

Embraer Executive Jets president and CEO Michael Amalfitano was positively beaming as he read out the numbers during his "state of the new aircraft market" report on Monday at EBACE 2019. He announced that the company attained a five-year compound annual growth rate of 15 percent, which compares favorably with the growth rate of the business aviation industry, which he put at slightly less than 2 percent. Moreover, with preowned aircraft inventory dropping, the ratio of new aircraft to preowned aircraft sales is skewing in favor of new, at 3.3 to 1.