“Following a comprehensive selection process, Embraer decided to join forces with Volvo Aero Services, making good use of the relevant potential synergy of our operations to better serve our customers,” says Maurício Aveiro, Embraer Vice President, Customer Support – Airline Market.
"We are enthusiastic about the opportunities involved with this partnership, and believe it will significantly increase our spare parts offering in the market.”
The agreement covers materials deemed surplus by Embraer. Volvo Aero Services will manage and promote this inventory, under Embraer’s control, according to established sales goals. Embraer expects to reinforce its materials support by creating this new spare parts distribution channel.
“We have confidence in this partnership and will do our best to promote top-quality Embraer aircraft operations, as an outlet for spare parts distribution,” says Claes Malmros, President and CEO of Volvo Aero Services.
“This contract is an example of our ongoing commitment to the development of a long-term service strategy and recognition of our reputation in the aviation aftermarket.”
Around 4,000 part numbers for the EMB 110 Bandeirante, EMB 120 Brasilia, and ERJ 145 jet family were included in the initial agreement. Embraer is working to expand the deal to cover the surpluses from its production activities and other opportunities.
About Volvo Aero Services Corp.
Volvo Aero Services Corp., a subsidiary of Volvo Aero Corporation, is a leading provider of aftermarket services in the aviation industry. As the wholly owned subsidiary of AB Volvo, Volvo Aero Corporation had 2008 revenues of 1.1 billion USD and employs over 3,200 people worldwide. Volvo Aero Services Corporation offers a wide range of services, based on its competence in asset management, logistics and leasing of aircraft engines, as well as engine and aircraft components. The company is also the distributor of select material for Hamilton Sundstrand, Honeywell, and The Boeing Company.
About Embraer
Embraer (Empresa Brasileira de Aeronáutica S.A. - NYSE: ERJ; Bovespa: EMBR3) is the world’s largest manufacturer of commercial jets up to 120 seats, and one of Brazil’s leading exporters. Embraer’s headquarters are located in São José dos Campos, São Paulo, and it has offices, industrial operations and customer service facilities in Brazil, the United States, France, Portugal, China and Singapore. Founded in 1969, the Company designs, develops, manufactures and sells aircraft for the Commercial Aviation, Executive Aviation, and Defense and Government segments. The Company also provides after sales support and services to customers worldwide. On January 31, 2009, Embraer had a workforce of 21,362 employees – not counting the employees of its subsidiaries OGMA and HEAI. On December 31, 2008, Embraer’s firm order backlog totaled US$ 20.9 billion.
