- Strong overall backlog volume of
US$ 21.1 billion (+13% QoQ) - American Airlines (NASDAQ:) placed a firm order for 90 E175 jets
- Commercial Aviation backlog rose
US$2.3 billion (+26% QoQ) - 1Q Executive Aviation deliveries were the highest of the last 8 years
SÃO JOSÉ DOS CAMPOS,
Deliveries by Segment |
1Q23 |
1Q24 |
2024 Guidance |
Executive Aviation |
8 |
18 |
125-135 |
Phenom 100 |
2 |
1 |
|
Phenom 300 |
4 |
10 |
|
Light Jets |
6 |
11 |
|
Praetor 500 |
– |
3 |
|
Praetor 600 |
2 |
4 |
|
Medium Jets |
2 |
7 |
|
Commercial Aviation |
7 |
7 |
72-80 |
E195-E2 |
5 |
4 |
|
E175 |
2 |
3 |
|
Total |
15 |
25 |
197-215 |
Embraer delivered 12% of the total number of aircraft implied by the mid-point of the current year guidance for both Executive and Commercial Aviation (25 out of 206). The company has developed, and it is currently implementing, a plan to mitigate its business seasonality. The Production Leveling plan main objective is to have a stable production pace throughout the calendar year in the near to medium-term future.
The company’s backlog increased
Backlog by Segment – US$bn |
4Q23 |
1Q24 |
QoQ |
Executive Aviation |
4.3 |
4.6 |
7 % |
Defense & Security |
2.5 |
2.4 |
-4 % |
Commercial Aviation |
8.8 |
11.1 |
26 % |
Services & Support |
3.1 |
3.1 |
0 % |
Total |
18.7 |
21.1 |
13 % |
Executive Aviation kept its sales momentum with sustained demand across its entire product portfolio and strong customer acceptance, in both retail and fleet markets. The number of deliveries increased 83% YoY in the light jets segment, and more than tripled in the medium jets one compared to 1Q23. Consequently, Executive Aviation ended with a
In Defense & Security, the first C-390 Millennium of the Hungarian Air Force successfully completed its maiden flight. The aircraft is now undergoing a mission systems integration test campaign, ahead of its entry into service. Another important milestone in the quarter was the first Embraer Defense Day in
Services & Support continues to be one of the main drivers of Embraer’s growth through a combination of operational excellence, customer experience, and innovative solutions. The business unit backlog finished the period sequentially flat at
Commercial Aviation posted a