Embraer Delivers 11 Commercial and 21 Executive Jets in 2Q22
Embraer (NYSE: ERJ) reported the delivery of 32 jets in Q2 2022, comprising 11 commercial and 21 executive jets. Total deliveries in the first half reached 46 jets, with a significant firm order backlog of US$ 17.8 billion, marking a 12% increase from US$ 15.9 billion in 2021. Highlights include a firm order to convert up to 10 E-Jets to freight aircraft, and new contracts with Porter Airlines and Alaska Air Group for additional aircraft. The company is well-positioned in the light and midsize jet markets, reflecting a solid demand for its products.
- Total firm order backlog reached US$ 17.8 billion, highest since 2Q18.
- 32 jets delivered in Q2 2022, including 11 commercial jets.
- Growing demand confirmed in the light and midsize jet segments.
- None.
- In the first half, Embraer delivered 17 commercial and 29 executive jets
- Firm order backlog reached US
$ 17.8 billion at the 2Q22
SÃO JOSÉ DOS CAMPOS, Brazil, July 25, 2022 /PRNewswire/ -- Embraer (NYSE: ERJ; B3: EMBR3) delivered 32 jets in the second quarter of 2022, of which 11 were commercial and 21 were executive jets (12 light and nine large). As of June 30, the company has delivered a total of 46 aircraft (17 commercial and 29 executive). The firm order backlog ended 2Q22 at US
Deliveries by Segment | 2Q22 | 2022 |
|---|---|---|
Commercial Aviation | 11 | 17 |
E175 | 8 | 12 |
E195-E2 | 3 | 5 |
Executive Aviation | 21 | 29 |
Phenom 100 | 2 | 3 |
Phenom 300 | 10 | 15 |
Light Jets | 12 | 18 |
Praetor 500 | 5 | 5 |
Praetor 600 | 4 | 6 |
Midsize Jets | 9 | 11 |
TOTAL | 32 | 46 |
During the period, Embraer welcomed Sky High from the Dominican Republic to the E-Jets operators family, which will operate two first-generation E190 jets. These aircraft will be covered by the Pool Program, whose contract was announced by Embraer Services & Support.
In June, Embraer signed a firm order to convert up to 10 E-Jets into passenger to freight (P2F) aircraft with an "undisclosed" customer. The aircraft will come from this customer's current fleet of E-Jets, with deliveries starting in 2024. This is the first firm contract for the conversion of E-Jets, and the second agreement for this type of operation. In another contract, announced in May, Embraer and Nordic Aviation Capital (NAC) agreed up on to 10 conversion positions for the E190F/E195F jets.
Also in the second quarter of 2022, Embraer Defense & Security delivered the last modernized AF-1 fighter jet to the Brazilian Navy. In the business aviation market, the results and growing demand confirm Embraer's solid positioning in the light and midsize jet segments.
Last week, during the Farnborough Airshow, Embraer Commercial Aviation announced the sale of 20 E195-E2 jets to Porter Airlines from Canada, which will be included in the firm order backlog for the third quarter of 2022. The Canadian airline now has 50 firm orders and 50 purchase rights for the E195-E2 model. At the same event, Embraer announced a firm order from Alaska Air Group for eight additional E175 jets, which are already included in the 2Q22 backlog, and 13 purchase rights.
Embraer Services & Support announced a renewal and expansion agreement with LOT Polish Airlines for the Pool Program. The long-term agreement will cover a total of 44 E-Jets. And NAC announced a memorandum of understanding (MoU) for Astral Aviation, based in Nairobi, Kenya, to carry out the conversion of the first two passenger to freight (P2F) aircraft from the E190F model.
Embraer Defense & Security established cooperation agreements with BAE Systems through two MoUs aimed at expanding the companies' operations in the global defense market. The first one aims to promote the C-390 in Middle Eastern markets (initially in the Kingdom of Saudi Arabia), and the other confirms an intention to create a joint venture to develop a defense variant of Eve's electric vertical take-off and landing (eVTOL) vehicle.
Backlog - Commercial Aviation (June 30, 2022) | |||
Aircraft Type | Firm Orders | Deliveries | Firm Order Backlog |
E170 | 191 | 191 | - |
E175 | 848 | 705 | 143 |
E190 | 568 | 565 | 3 |
E195 | 172 | 172 | - |
E190-E2 | 20 | 17 | 3 |
E195-E2 | 201 | 38 | 163 |
Total | 2,000 | 1,688 | 312 |
Note: Deliveries and firm order backlog include orders for the Defense segment | |||
placed by State-run airlines (Satena and TAME). | |||
Follow us on Twitter: @Embraer
A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive aviation, Defense & Security and Agricultural Aviation. The company designs, develops, manufactures and markets aircraft and systems, providing Services & Support to customers after-sales.
Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. On average, about every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 145 million passengers a year.
Embraer is the leading manufacturer of commercial jets up to 150 seats and the main exporter of high value-added goods in Brazil. The company maintains industrial units, offices, service and parts distribution centers, among other activities, across the Americas, Africa, Asia and Europe.
View original content:https://www.prnewswire.com/news-releases/embraer-delivers-11-commercial-and-21-executive-jets-in-2q22-301592341.html
SOURCE Embraer S.A.
FAQ
What was Embraer's total jet delivery in Q2 2022?
How much is Embraer's firm order backlog as of June 30, 2022?
What types of jets did Embraer deliver in Q2 2022?
Which airlines placed orders for Embraer jets recently?
What significant contract did Embraer sign regarding E-Jets?
