Gregory Polek has spent his entire career in aviation journalism with AIN, starting as a proofreader and assistant to then-managing editor Mary Mahoney in 1995 after serving an internship with&nbsp;New Jersey Monthly&nbsp;magazine and completing his B.A. degree in English/Writing at New Jersey’s William Paterson College. By 1997 Polek accepted a position as an associate editor, covering the regional airline beat for&nbsp;Aviation International News&nbsp;in place of retiring industry veteran Don Anderson. The assignment took Polek across North America and Europe to profile regional airlines varying in size and mission from the likes of floatplane operators Kenmore Air and Chalk’s Ocean Airways to regional jet operators such as SkyWest and American Eagle. Today, in his dual role as Air Transport Editor and International Airshow Editor, Polek writes, edits, and manages AIN’s commercial aviation content while overseeing each of the company’s daily international air show publications in Paris, Farnborough, Singapore, and Dubai. Most recently Polek has assumed oversight of daily coverage of the Helicopter Association International’s annual Heli-Expo convention.

Senior Editor

Gregory Polek

Brazil’s Embraer saw its net income for this year’s second quarter plummet to $4.9 million from $36.9 million during the same period a year earlier, as changes in the exchange rate between the U.S. dollar and Brazilian real continue to strongly influence the company’s balance sheets. Although Embraer reported just a modest decline in aircraft deliveries (28 jets compared with 30) and revenue ($567 million versus $589.7 million), increased expenses related to aircraft financial guarantees and related sales items (33.1 percent), research and development for the Embraer 170/190 program (45.4 percent) and employee profit sharing all contributed to a drop in operating margin from 20.3 percent to 12.3 percent. Embraer traces most of the rise in expenses to the increasing strength of the real against the dollar, the currency in which the Brazilian company conducts most of business. In October last year, the real-dollar exchange rate peaked at 3.9552 to $1, falling to 3.5333 to $1 by the end of the year, then to 2.8720 to $1 as of June 30.

Embraer's profits slide

Brazil’s Embraer saw its net income for this year’s second quarter plummet to $4.9 million from $36.9 million during the same period a year earlier, as cha

2024 Corporate Aviation Leadership Summit

AIN Products

SUBSCRIPTIONS

RESOURCES

ABOUT AIN