E2 deliveries more than doubled to 39 jets in 2023.
SAO JOSE DOS CAMPOS – Embraer delivered 75 aircraft in 4Q23, with 49 executive jets (30 light and 19 medium), 25 commercial jets and 1 military C-390 jet. In 2023, Embraer supplied 181 aircraft, an increase of 13% compared to 2022 when the company delivered 160. The company continues to face supply chain delays which have affected 2023 deliveries.
The company’s backlog rose by US$1.2 billion YoY, reaching a total of US$18.7 billion in 2023 – the highest number recorded since 1Q18.
Executive Aviation continued its sales momentum with sustained demand across its entire product portfolio and strong customer acceptance in both retail and fleet markets. The business unit ended the year with a book-to-bill in excess of 1.3:1 and a US$4.3 billion backlog, a US$400 million growth YoY. The 74 deliveries of light jets in 2023 were 12% higher YoY and the largest volume in 7 years. Moreover, the 41 deliveries of medium jets also posted double-digit annual growth at 14%.
In Commercial Aviation, E-Jets family deliveries increased 12% YoY from 57 jets in 2022 to 64 in 2023, supported by a book-to-bill in excess of 1.1:1. The highlight was the E2 group whose deliveries more than doubled from 19 aircraft in 2022 to 39 in 2023. The business unit backlog reached 298 aircraft in 4Q23 for a total of US$8.8 billion, a US$200 million growth YoY.
Porter Airlines exercised its purchase rights and placed a firm order for 25 Embraer E195-E2 passenger jets, adding to their existing 50 aircraft firm orders. The Canadian airline now has a total of 46 firm orders to be delivered and 25 remaining purchase rights. Furthermore, the backlog now includes 4 E175s previously signed by American Airlines and 2 additional aircraft ordered in December.
Services & Support ended 2023 with a backlog of US$3.1 billion, a US$400 million growth YoY – the highest level ever recorded. The backlog includes renewed contracts of integrated logistical support services and comprehensive airframe maintenance programs, such as the Pool Program for Commercial Aviation and Embraer Executive Care for Executive Aviation. These long-term contracts in the backlog cover mainly pool contracts and other services as spare parts, repair, maintenance, and technical services.
The growth momentum in the business unit accelerated further when it announced a deal which has doubled its maintenance service capacity for executive jets in the United States. The expansion will support the continued growth of its customer base through the addition of 3 Executive Aviation Maintenance, Repair and Overhaul (MRO) facilities in Dallas Love Field, TX, Cleveland, OH, and Sanford, FL.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
