Embraer Delivers Seven Commercial and Eight Executive Jets in 1Q23

Rhea-AI Summary

Embraer (NYSE: ERJ) reported 15 jet deliveries in Q1 2023, marking a 7% increase from the previous year. The backlog on March 31 reached US$ 17.4 billion. Of the jets delivered, seven were commercial and eight were executive, including two Phenom 100 and four Phenom 300 light jets. The Phenom 300 series retains its title as the best-selling light jet globally for the 11th year, with over 700 deliveries.

Embraer also signed a services contract with the Philippine Air Force for the A-29 Super Tucano fleet and expanded its sustainable aircraft collaboration with Air New Zealand. The firm remains a leader in the production of commercial jets up to 150 seats and has delivered over 8,000 aircraft since its inception.

Positive

• 7% increase in total jet deliveries compared to Q1 2022.
• Backlog of US$ 17.4 billion as of March 31, 2023.
• Phenom 300 series remains the best-selling light jet in the world for 11 consecutive years.
• New services contract signed with the Philippine Air Force for A-29 Super Tucano fleet.

Negative

• None.

• Total deliveries were 7% higher compared to the same period in 2022
• On March 31, the backlog reached US$ 17.4 billion

SÃO JOSÉ DOS CAMPOS, Brazil, April 26, 2023 /PRNewswire/ -- Embraer (NYSE: ERJ; B3: EMBR3) delivered a total of 15 jets in the first quarter of 2023, of which seven were commercial aircraft and eight were executive jets (six light and two large). This total volume represents 7% growth compared to the same period of the previous year. As of March 31, the firm order backlog totaled USD 17.4 billion.

Deliveries by Segment	1Q23
Commercial Aviation	7
E175	2
E195-E2	5
Executive Aviation	8
Phenom 100	2
Phenom 300	4
Light Jets	6
Praetor 600	2
Midsize Jets	2
TOTAL	15

This first quarter was marked by the confirmation that for the 11th consecutive year, Embraer's Phenom 300 series remains the best-selling light jet in the world, according to the General Aviation Manufacturers Association (GAMA). Embraer delivered 59 Phenom 300 series light jets in 2022 to achieve this milestone, and to date, the series has accrued more than 700 deliveries. The Phenom 300MED, a unique Medevac solution, received Supplemental Type Certificate (STC) from the U.S. Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA) this quarter as well.

In the Services & Support segment, Embraer announced the signing of a services contract with the Philippine Air Force (PAF) to support the country's A-29 Super Tucano fleet. The deal will support more than 200 A-29 components. The company also revealed three new customers for the use of Beacon, the maintenance coordination digital platform that connects resources and professionals for a faster return-to-service.

Air New Zealand and Embraer signed a collaboration agreement for next-generation sustainable aircraft programs, expanding the membership of Embraer's Energy Advisory Group. Embraer Defense & Security held an exhibition of its portfolio of products and innovative solutions in the European, Asian and Middle East markets, prior to the recent announcements made at LAAD, the main defense and security fair in Latin America.

Backlog - Commercial Aviation (March 31, 2023)
Aircraft Type	Firm Orders	Deliveries	Firm Order Backlog
E170	191	191	-
E175	815	730	85
E190	568	568	-
E195	172	172	-
E190-E2	25	18	7
E195-E2	245	56	189
Total	2,016	1,735	281
Note: Deliveries and firm order backlog include orders for the Defense segment
placed by State-run airlines (Satena and TAME).

About Embraer

A global aerospace company headquartered in Brazil, Embraer (NYSE: ERJ; B3: EMBR3) 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 with 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-seven-commercial-and-eight-executive-jets-in-1q23-301808217.html

SOURCE Embraer S.A.

FAQ

What were Embraer's total jet deliveries in Q1 2023?

Embraer delivered a total of 15 jets in Q1 2023.

What is Embraer's backlog as of March 31, 2023?

The backlog reached US$ 17.4 billion as of March 31, 2023.

How much has Embraer increased its deliveries compared to the previous year?

Deliveries increased by 7% compared to the same period in 2022.

What recognition did the Phenom 300 series receive?

The Phenom 300 series was recognized as the best-selling light jet for the 11th consecutive year.

Which contracts did Embraer sign recently?

Embraer signed a services contract with the Philippine Air Force and a collaboration agreement with Air New Zealand.