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Business Air News Bulletin
Business Air News Bulletin
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Demand drives Embraer deliveries to quarterly high
Embraer's executive backlog has reached its highest level over past eight years as overall deliveries increase by 67 per cent in the first quarter of 2024.
Four Praetor 600s were delivered in Q1 2024.

Embraer delivered 25 jets in Q1 2024, an increase of 67 per cent compared to the 15 aircraft delivered in Q1 2023.

Its executive aviation division showed robust delivery growth, soaring from eight to 18 jet deliveries during the period. The number of deliveries fulfilled represents the highest first quarter of the last eight years and more than doubled YoY. The deliveries comprised 11 light jets, of which 10 were Phenom 300s and just one was a Phenom 100, and seven medium jets, consisting of three Praetor 500s and four Praetor 600s.

Meanwhile, for Embraer's commercial aviation unit, deliveries were flat YoY at seven aircraft.

Embraer delivered 12 per cent 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 is currently implementing a plan to mitigate its business seasonality. Its production levelling plan's main objective is to have a stable production pace throughout the calendar year in the near to medium-term future.

The company's overall backlog increased $2.4 billion, or 13 per cent, sequentially to $21.1 billion in Q1 2024, compared to a total backlog of $18.7 billion in Q4 2023. The biggest increase happened in commercial aviation ($2.3 billion or 26 per cent) while the smallest one was in its defence and security unit (-$0.1 billion or -four per cent).

Executive aviation kept its sales momentum with sustained demand across its entire product portfolio and strong customer acceptance in both the retail and fleet markets. The number of deliveries increased 83 per cent YoY in the light jets segment and more than tripled in the medium jets one compared to Q1 2023. Consequently, Embraer's executive aviation unit ended with a $4.6 billion backlog in Q1 2024, representing a $300 million sequential increase on Q4 2023.

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