Embraer calls AGM, announces new deals

Embraer announced it has called for an Extraordinary Shareholders’ Meeting to be held on 16 August to elect two new members to the Board of Directors. The nominees are Todd Freeman and Kevin McAllister. The company also announced new deals for its Eve urban air mobility solution and a deal with CommutAir. On the shareholder meeting front, Freeman worked at General Electric for 29 years. During his time with the company, he spent 18 years with GE Capital Aviation Services (GECAS), where he led the regional aviation area, as well as business in the Middle East, Africa, and Russia. Prior to GE, he worked at Airbus Americas and JP Morgan. McAllister served with GE for 27 years dedicated to aircraft engines. He led the sales area at the company and was president of GE Aviation Services. After GE, he served at Boeing as president of the commercial aviation division and is currently a partner at AP Industrial Partners. “It is with enthusiasm that we present two candidates with broad and recognised experience in the aerospace sector, deep technical knowledge, strategic profiles, and an innovative thought process, as well as broad corporate performance”, said Alexandre Silva, chairman of the board of directors of Embraer. “I’m sure they will add immense value during a time when we are focused on the company’s sustainable growth through global partnerships, innovation and business diversification.” After the election of the two new members, the company’s board will be composed of 10 independent directors. This composition will be maintained until the next board election in 2023. Embraer and CommutAir announce pool programme deal (PHOTO: Embraer) Embraer has signed a long-term Pool programme agreement with CommutAir, a United Express carrier, to support the airline’s ERJ 145 jet fleet. This new contract includes full repair coverage for components and parts, as well as access to a large stock of components at Embraer’s distribution center in Fort Lauderdale, Florida. Currently, the pool programme supports more than 50 airlines worldwide. With a total of 168 aircraft under lease, CommutAir now maintains the largest ERJ 145 fleet in the world, recently becoming the sole regional partner to operate the ERJ145 for United Airlines. Under this agreement, CommutAir and United will consolidate their ERJ 145 spare component inventory with Embraer’s Pool program to improve stock levels and reliability. In April 2021, CommutAir selected Embraer Aircraft Maintenance Services (EAMS) in Macon, Georgia, as one of its primary heavy maintenance providers for the airline’s fleet of ERJ145 aircraft. The agreement includes airframe maintenance, modifications and repair services. Embraer’s pool programme is designed to allow airlines to minimise their upfront investment on high-value repairable inventories and resources and to take advantage of Embraer’s technical expertise and its vast component repair service provider network. The results are significant savings on repair and inventory carrying costs, reduction in required warehousing space, and the virtual elimination of the need for resources required for repair management, while ultimately providing guaranteed performance levels. Embraer´s Eve Urban Air Mobility and EDP sign MoU (PHOTO: Embraer) Embraer´s Eve Urban Air Mobility Solutions signed a Memorandum of Understanding (MoU) with the Brazilian operation of EDP, a multinational energy leader, to collaborate on Urban Air Mobility (UAM). Both companies will cooperate on the research of operational models for charging infrastructure solutions needed for electric vertical takeoff and landing (eVTOL) aircraft to begin operations. Some of the subjects covered in the collaborative research will be the evolution of battery technology and charging systems, management of charging points, and payment systems. Together, the companies will evaluate the development of a viable UAM energy infrastructure following the analysis results. “Innovation is part of the EDP pillars and is a topic that gets our constant attention. We believe that a low-carbon future necessarily involves developing electric mobility, be it by land or air. That’s why we signed this memorandum with Eve to study possible ways of participating and contributing to this visionary future of eVTOLs. Our business is ideally suited for this UAM future with our energy solutions and charging Infrastructure,” highlights Andrea Salinas, director of Innovation and Ventures at EDP in Brazil. “Our collaboration with EDP is an important building block for Eve as we work to bring our zero-emission eVTOL to market. Energy analysis and infrastructure solutions are incredibly important in contributing to carbon reduction and ensuring we are meeting industry goals. For us at Eve, this is the next step in preparing the UAM ecosystem for the future of urban flight,” said Andre Stein, president and CEO of Eve. For Editorial Inquiries Contact: Editor Matt Driskill at [email protected] For Advertising Inquiries Contact: Head of Sales Kay Rolland at [email protected]