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Embraer reports an increase in business jet deliveries for first half of 2024

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Embraer reports an increase in business jet deliveries for first half of 2024
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Embraer’s executive aviation division reported an 18% increase in business jet deliveries for the first half of 2024 compared to the same period last year. The company delivered a total of 45 business jets, including 27 Phenoms and Praetors in the second quarter alone.

The delivery of Phenom 100 light jets remained consistent with three units, while deliveries of the larger Phenom 300 increased by six units to a total of 28. Handovers of midsize Praetor 500 jets were unchanged at six, and deliveries of super-midsize Praetor 600s increased by one unit to eight.

The division concluded the first half with a $4.6 billion backlog and maintained a positive book-to-bill ratio. It has projected annual deliveries between 125 and 135 business jets.

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On the commercial front, Embraer improved its output from the first half of 2023 by delivering two additional airliners. This included deliveries of eleven E195E2s, four E190-E2s, and eleven E175s. In May, Embraer celebrated the delivery of its 1,800th E-Jet. The commercial division's backlog stands at 382 aircraft valued at $11.3 billion, marking a slight increase over the previous quarter.

Additionally, Embraer's services and support division reported a backlog worth $3.1 billion. Overall, Embraer's total backlog exceeds $21 billion—a seven-year high for the company.

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