- Embraer has reported a robust 47% increase in aircraft deliveries in the second quarter of 2023, comprising 17 commercial and 30 executive jets.
- As of the first half of 2023, the company has delivered a total of 24 commercial and 38 executive jets, indicating a solid performance.
- The firm’s order backlog also grew significantly, reaching a staggering US$ 17.3 billion in Q2 2023.
Embraer’s H1 Results Overview
Embraer (NYSE: ERJ; B3: EMBR3) has shown a remarkable increase of 47% in aircraft deliveries in Q2 2023 compared to the same period in 2022. So far, the total deliveries for the year stand at 62 aircraft (24 commercial and 38 executive jets), a 35% increase from 2022, when 46 jets were delivered. The order backlog at the end of this period stands at US$ 17.3 billion.
Embraer’s H1 results demonstrate the OEM’s resilience, adaptability, and commitment to customer satisfaction.
|Embraer Deliveries by Segment||2Q/23||H1/2023|
Embraer Deliveries – Commercial Aviation
The OEM’s Commercial Aviation segment saw significant deals, with American Airlines signing a firm order for seven new E175s to be operated by its subsidiary, Envoy Air. Deliveries will begin in Q4 2023. Envoy’s E-Jets fleet is projected to exceed 141 aircraft by the end of 2024.
Embraer also secured a firm order from Binter for six E195-E2s. This order expands Binter’s E2 fleet to 16 jets upon completion of deliveries. The order will be added to Embraer’s backlog once all contractual contingencies are resolved.
Key deals in Southeast Asia include SKS Airways of Malaysia adding ten E195-E2 jets to its fleet and joining the Pool Program. Similarly, Scoot, a low-cost subsidiary of Singapore Airlines, is adding nine E190-E2s to its portfolio. Royal Jordanian Airlines has also agreed to introduce eight E190-E2 and E195-E2 jets, with deliveries commencing in Q4 2023. All three deals involve contracts with the leasing company Azorra.
Indian airline Star Air, a current operator of E-Jets, began operations with four E175s and extended its Pool Program contract to include these additions.
Embraer Backlog — Commercial Aviation (as of June 30, 2023)
Embraer signed Pool Program contract extensions with Rex Group (Australia) and Amelia (France). Another highlight for the business unit was the announcement of 20 E-Jets P2F for the Lanzhou Group, marking the first Embraer P2F agreement in China.
|Aircraft Type||Firm Orders||Deliveries||Firm Order |
Embraer Orders Executive Aviation
In Executive Aviation, NetJets signed a contract for up to 250 Praetor 500 jet options with Embraer. Valued at over US$ 5 billion, deliveries will begin in 2025.
NetJets has received approximately 120 aircraft from Embraer since its first order in 2010.
Embraer Defense Signs MoU with Saab
Embraer Defense & Security signed a Memorandum of Understanding with Saab. The MoU positions the C-390 Millennium as the preferred solution for the Swedish Air Force’s tactical air transport requirements. It also explores opportunities for potential Gripen customers in Latin America.
Embraer (NYSE: ERJ; B3: EMBR3), a global aerospace company based in Brazil. It marks 50 years of operations across Commercial Aviation, Executive Aviation, Defense & Security, and Agricultural Aviation. The company designs, develops, manufactures, and markets aircraft and systems. Additionally, Embraer provides after-sales services and support to its customers.
Since its inception in 1969, Embraer has delivered over 8,000 aircraft. On average, an Embraer-manufactured aircraft takes off anywhere worldwide every 10 seconds. Embraer planes carry more than 145 million passengers annually.
Embraer is the leading manufacturer of commercial jets with up to 150 seats. It is Brazil’s primary exporter of high-value-added goods. The company operates industrial units, offices, service centers, and parts distribution, among other activities, across the Americas, Africa, Asia, and Europe.