In the second quarter of 2023, Embraer supplied 47 jets in total, of which 17 were commercial airplanes and 30 were executive jets (19 light jets and 11 midsize jets). The company delivered 62 aircraft in all throughout the year (24 commercial and 38 executive). Deliveries in the second quarter were 47% greater than they were in the corresponding quarter in 2022.
In comparison to 2022, when 46 jets were delivered, the volume in the first half of 2023 climbed by 35%. The volume of deliveries grew by 43% for executive jets and by 55% for commercial aviation as compared to the second quarter of 2022. The firm’s order backlog was at US$17.3 billion at the end of the reporting quarter.
American Airlines placed a definitive order with Embraer for seven brand-new E175 aircraft. The subsidiary Envoy Air will fly the aircraft. By the end of 2024, Envoy’s fleet of E-Jets will number around 141 aircraft once deliveries start in 4Q23.
Binter also placed a solid order with Embraer for six E195-E2 aircraft. When the aircraft are delivered, Binter’s fleet of E2 aircraft will total sixteen aircraft. Once all contractual snags are resolved, this order will be added to Embraer’s backlog.
SKS Airways of Malaysia signed a contract to purchase 10 E195-E2 aircraft for its fleet. SKS also joined the Pool Programme to support the operation of aircraft in Southeast Asia. Additionally, nine E190-E2s will be added to Scoot’s fleet. Scoot is a low-cost division of Singapore Airlines. Royal Jordanian Airlines also struck a deal to add eight E190-E2 and E195-E2 aircraft to its fleet, with delivery beginning in the 4Q23. Contracts with the leasing firm Azorra were a part of all three deals.
With Star Air, an Indian airline that already uses E-Jets, four E175s went into service. Additionally, Star Air expanded the scope of its Pool Programme contract to cover its fleet of E175s.
Embraer Services & Support extended Pool Programme contracts with Rex Group (Australia) and Amelia (France), in addition to Star Air and SKS Airways. The introduction of 20 E-Jets P2F for the Lanzhou Group was another high point of the quarter for the business unit. This P2F contract between Embraer and China is unique.
With regards to Executive Aviation, NetJets and Embraer have a contract for the purchase of up to 250 Praetor 500 jet options. Deliveries are anticipated to start in 2025, and the transaction is estimated to be worth more than $5 billion.