Embraer’s deliveries increased 47% in the 2Q23, totaling 17 commercial and 30 executive jets

Embraer (NYSE ERJ, B3 EMBR3) has delivered 47 jets total in the second quarter 2023. Of these, 17 were commercial aircraft while 30 were executive jets. The company delivered 62 aircraft in total during the year (24 commercial, 38 executive). Second quarter deliveries were 47 percent higher than the same period in 2022. The first half of the year 2023 saw a 35% increase in volume compared to the same period in 2022 when 46 jets were delivered. Commercial Aviation deliveries increased by 43% and Executive Jets by 55% compared to the second quarter 2022. The order backlog for the firm ended at US$ 17,3 billion.

American Airlines has placed a firm order for Embraer’s E175 aircraft in Commercial Aviation. The aircraft will operate by Envoy Air, a subsidiary of American Airlines. Envoy will have over 141 E-Jets by the end 2024, with deliveries starting in 4Q23.

Embraer has also received a firm E195-E2 order from Binter, which will increase Binter’s E2 Fleet to 16 Jets once deliveries are complete. Once all contract contingencies have been cleared, this order will be added to Embraer’s backlog.

SKS Airways, a Malaysian airline, has signed an agreement to purchase ten E195E2 jets for its fleet. SKS Airways also joined the Pool Program, which supports aircraft operated in Southeast Asia. Scoot is a low cost subsidiary of Singapore Airlines. It will also add nine E190E2s into its fleet. Royal Jordanian Airlines has also reached an agreement with the leasing company Azorra to add eight E190E2 and E195E2 jets to its fleet, beginning in 4Q23. All three agreements were contracts with Azorra, a leasing company.

Star Air, a carrier in India that operates E-Jets, has begun to operate four E175s. Star Air also extended its Pool Program Contract to include E175s as part of its fleet.

Embraer Services & Support also extended Pool Program contracts with Rex Group Australia and Amelia France. The announcement of 20 EJets for Lanzhou Group was another highlight for the unit. This is the first Embraer P2F contract in China.

NetJets has signed a contract for up to 250 Praetor500 jet options with Embraer in Executive Aviation. The deal, valued at over US$ 5 billion and expected to start in 2025, is valued above US$ 5 Billion.

Embraer Defense & Security signed a Memorandum of Understanding with Saab in order to position the C-390 Millennium for the Swedish Air Force’s tactical air transport needs and for the potential Gripen clients in Latin America.