Embraer has reported a year-on-year increase of 47% for aircraft deliveries in the second quarter, compared to the same period last year.
The manufacturer delivered a total of 47 jets during the second quarter of 2023. This figure encompasses 17 commercial aircraft and an impressive fleet of 30 executive jets, comprising 19 light jets and 11 midsize jets.
Q2 2023 Deliveries
The year 2023 has so far been a satisfying one for Embraer, as the company successfully delivered a total of 62 aircraft throughout the year to date. Among these deliveries, 24 were commercial aircraft, and an impressive 38 were executive jets.
However, it’s the standout performance of the second quarter that truly captures attention. The 47% surge in deliveries compared to the same period in 2022 is a significant achievement, showcasing Embraer’s commitment to growth and innovation.
Performance Metrics
The first half of 2023 has witnessed an outstanding 35% increase in volume compared to the previous year. To put this into perspective, 46 jets were delivered in the same period in 2022.
These numbers highlight Embraer’s continuous efforts to elevate its performance standards and cater to the evolving demands of the aviation market.
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Breaking down the numbers further, the second quarter of 2023 saw a substantial 55% growth in Commercial Aviation deliveries and an impressive 43% increase in Executive Jets.
These figures underscore Embraer’s balanced approach to addressing the needs of both the commercial and executive aviation sectors.
Backlog Strength
Embraer’s firm order backlog stands as a testament to the confidence customers have in the company’s offerings. At the close of the period, the firm order backlog amounted to an impressive US$ 17.3 billion.
This robust backlog not only reflects Embraer’s strong market position but also signifies the anticipation and trust that customers place in the brand’s future endeavors.
Key Partnerships and Orders
Embraer’s success in Q2 2023 can be attributed to its strategic partnerships and significant orders. Notably, American Airlines entered a firm order for seven new E175s, destined to operate under the subsidiary Envoy Air.
This strategic move is set to expand Envoy Air’s fleet to a remarkable 141 aircraft by the end of 2024.
Binter’s order for six E195-E2s adds to the excitement, effectively increasing Binter’s E2 fleet to an impressive total of 16 jets.
Malaysia’s SKS Airways has also sealed an agreement to introduce ten E195-E2 jets to its fleet, further solidifying Embraer’s presence in Southeast Asia.
Additionally, Scoot, a subsidiary of Singapore Airlines, is set to enhance its portfolio with nine E190-E2s. Royal Jordanian Airlines has also inked an agreement to introduce eight E190-E2 and E195-E2 jets, slated for delivery in the fourth quarter of 2023. All three agreements have been facilitated through partnerships with the leasing giant Azorra.
Strengthening Collaborations
Beyond the commercial and executive sectors, Embraer’s Services & Support division has extended its collaboration with various airlines.
Star Air, an Indian airline, has incorporated four E175s into its operations, supplementing its existing fleet of E-Jets.
In addition, Embraer Services & Support has solidified partnerships with Rex Group in Australia and Amelia in France, emphasizing the brand’s global reach and commitment to exceptional service.
A feature highlight for Embraer Services & Support was the announcement of an agreement with the Lanzhou Group, involving 20 E-Jets P2F. This agreement marks a significant milestone as the first Embraer P2F collaboration in China.
Executive Aviation and Defense
Embraer’s achievements extend beyond commercial and executive aviation. NetJets has entered into a substantial contract for the acquisition of up to 250 Praetor 500 jet options.
This lucrative deal, valued at over US$ 5 billion, is set to commence deliveries in 2025, further solidifying Embraer’s influence in the executive aviation market.
On the defense front, Embraer Defense & Security has signed a Memorandum of Understanding with Saab, positioning the C-390 Millennium as the preferred solution for the tactical air transport needs of the Swedish Air Force.
This collaboration also seeks opportunities for potential Gripen customers in Latin America, showcasing Embraer’s commitment to global defense partnerships.
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