Brazilian aircraft manufacturer Embraer has reported an impressive rise in new aircraft deliveries during the second quarter of 2024 (April to June-2Q24). Equally impressive, the firm now has an order backlog valued at $21.1 billion, 20% higher than 2Q23 and the highest in the past seven years of the company’s history.
The Sao Paulo-based planemaker delivered a total of 47 new aircraft in 2Q24, an 88% increase when compared to the previous quarter, during which 25 jets were delivered.
Over this period, commercial aircraft deliveries represented the highlight of the quarter, with 19 new aircraft deliveries, around 170% more than in the same quarter in 2023 (seven aircraft). Executive jet deliveries put in a “solid performance”, growing by 50% with a further 27 new aircraft being delivered, versus 18 in 2Q23.
Meanwhile, the manufacturer’s Defense division delivered a single multi-mission airlift C-390 Millennium military transporter.
According to an Embraer statement on July 18, 2024, the company-wide backlog reached US$21.1 billion in 2Q24, a figure over 20% higher year-on-year and marginally higher than 1Q24. The biggest increases were in the Commercial Aviation division (+$227 million) while the largest decrease occurred in the Defense & Security division (-$251 million). Elsewhere, the backlog for the other two business units increased marginally (+$45 million).
In commercial aviation, the backlog reached US$11.3 billion in 2Q24, with the highlight being the order for 20 E2 jets announced by Mexicana de Aviación (as reported by AeroTime here). This order includes ten E190-E2 jets plus another ten E195-E2 jets, with deliveries scheduled to start in 2Q25. Other highlights included the delivery and start of operations of the first E190-E2 to Scoot, the low-cost subsidiary of Singapore Airlines (SIA) – as detailed here.
Furthermore, Embraer reached another important milestone during the period with the delivery of its 1,800th E-Jet in May 2024. The aircraft marking this milestone was delivered to the US-based leasing company Azorra and has since been leased to Royal Jordanian Airlines, as reported here.
Demand for Embraer’s executive jet range continued to build on earlier sales momentum in both the fleet and retail markets. The backlog ended the period marginally up at US$ 4.6 billion in 2Q24 – an increase of 1% over 1Q24. Servicing and support services continue to contribute handsomely to Embraer’s bottom line, with its backlog ending 2Q24 at US$3.1 billion.
In the Defense & Security division, the highlight was the delivery of the second C-390 Millennium twinjet to the Portuguese Air Force. In 2019, this customer ordered a total of five C-390s, including a comprehensive services and support package and a flight simulator. The first aircraft entered service in October 2023 at Portugal’s Beja Air Base. The backlog in Defense & Security decreased by 10% versus 1Q24, reaching US$2.1 billion in 2Q24.
Embraer will be well represented at the upcoming Farnborough Airshow 2024, with the company displaying its E2 passenger jet, its E-freighter, and the C-390 Millennium.
