The company delivered 57 aircraft in 3Q24 versus 43 a year ago
2 C-390 Millennium aircraft delivered during the quarter and 6-12 A-29 Super Tucanos orders
First E2 aircraft delivered to LOT Polish Airlines
US$ 22.7 billion company wide backlog, up more than 25% annually and at a 9-year high level
Defense & Security backlog soared almost 70%
S?O PAULO, Oct. 18, 2024 /PRNewswire/ -- Embraer (NYSE: ERJ; B3: EMBR3), a global leader in the aerospace industry, delivered a total of 57 jets in 3Q24 – an increase of 33% compared to the same period last year (yoy) and 24% over to the previous quarter (qoq). Commercial aviation delivered 16 jets and Executive aviation delivered another 41 jets. Meanwhile, Defense & Security delivered 2 C-390 Millennium aircraft during the quarter – the first aircraft to Hungary and the seventh to Brazil.
Deliveries by Segment
3Q24
2Q24
3Q23
9M24
9M23
2024 Guidance
Executive Aviation
41
27
28
86
66
125-135
Phenom 100
4
2
2
7
5
Phenom 300
18
18
17
46
39
Light Jets
22
20
19
53
44
Praetor 500
9
3
4
15
10
Praetor 600
10
4
5
18
12
Medium Jets
19
7
9
33
22
Commercial Aviation
16
19
15
42
39
72-80
E195-E2
10
7
9
21
21
E190-E2
2
4
-
6
-
E175
4
8
6
15
18
Total
57
46
43
128
105
197-215*
Defense & Security
2
1
1
3
2
C-390 Millennium
2
1
1
3
2
*Excludes C-390 Millennium deliveries
The company wide backlog reached US$22.7 billion in 3Q24 (or more than 25% higher yoy and almost 10% higher qoq) – at a 9-year high level. Defense & Security registered the biggest increase in backlog (+US$1.5 billion) followed by Services & Support (+US$367 million), while Executive and Commercial Aviation recorded marginal decreases (-US$184 million and -US$168 million, respectively).
Backlog by Segment - US$bn
3Q24
2Q24
qoq
3Q23
yoy
Executive Aviation
4.4
4.6
-4 %
4.3
3 %
Commercial Aviation
11.1
11.3
-1 %
8.6
29 %
Defense & Security
3.6
2.1
70 %
2.2
69 %
Services & Support
3.5
3.1
12 %
2.8
27 %
Total
22.7
21.1
7 %
17.8
27 %
Executive Aviation Highlights
In Executive Jets, deliveries reached 41 units and increased more than 45% yoy and more than 50% qoq. The backlog of the business unit reached US$ 4.4 billion during the quarter, 3% higher annually but 4% lower sequentially.
The nominal decline in the backlog from its historical peak level can be explained by stronger growth (higher deliveries) and a seasonally slower period for sales because of summer in the northern hemisphere.
The mid and super-mid sized jets Praetor 500 and Praetor 600 represented close to half of the segment deliveries (19 jets) boosted by the positive momentum for this aircraft family. Meanwhile, the Phenom 300, the best-selling aircraft in its category for 12 consecutive years worldwide, was once again the top performer (18 jets) during the quarter.
Commercial Aviation Highlights
In Commercial Aviation, deliveries reached 16 jets (underpinned by 12 units from the E2 family and 4 from the E1) during the period, up more than 5% yoy. The highlight was the delivery of the first E2 aircraft under a contract signed with a lessor to supply LOT Polish Airlines – the agreement includes two more jets before year-end. Additionally, Virgin Australia placed a firm order for eight E190-E2 small narrowbody aircraft during the quarter. Consequently, the segment's backlog reached US$ 11.1 billion in 3Q24, almost 30% higher yoy and marginally lower qoq.
3Q24 Backlog - Commercial Aviation
Aircraft Type
Firm Orders
Deliveries
Firm Order Backlog
E195-E2
282
110
172
E190-E2
52
25
27
E175
943
768
175
Total
1,277
903
374
Customer (Country)
Firm Orders
Delivered
Firm Order Backlog
Embraer 195-E2
282
110
172
Azul (Brazil)
51
-
51
Porter (Canada)
75
42
33
Aercap (Ireland)
45
21
24
Azorra (USA)
23
7
16
Mexicana (Mexico)
10
-
10
Aircastle (USA)
23
14
9
Air Peace (Nigeria)
13
5
8
Binter Canarias (Spain)
16
10
6
Salam Air (Oman)
6
-
6
Luxair (Luxembourg)
4
-
4
ICBC (China)
10
7
3
Royal Jordanian (Jordanian)
2
-
2
Helvetic (Switzerland)
4
4
-
Customer (Country)
Firm Orders
Delivered
Firm Order Backlog
Embraer 190-E2
52
25
27
Mexicana (Mexico)
10
-
10
Virgin Australia (Australia)
8
-
8
Azorra (USA)
12
6
6
Aircastle (USA)
2
-
2
Air Kiribati (Kiribati)
2
1
1
Aercap (Ireland)
5
5
-
Helvetic (Switzerland)
8
8
-
Wideroe (Norway)
3
3
-
Placar Linhas Aéreas (Brazil)
1
1
-
Undisclosed
1
1
-
Customer (Country)
Firm Orders
Delivered
Firm Order Backlog
EMBRAER 175
943
768
175
American Airlines (USA)
204
108
96
Republic Airlines (USA)
187
144
43
Skywest (USA)
228
208
20
Horizon Air / Alaska (USA)
50
44
6
Air Peace (Nigeria)
5
-
5
Undisclosed
4
-
4
Overland Airways (Nigeria)
3
2
1
Air Canada (Canada)
15
15
-
Air Lease (USA)
8
8
-
Alitalia (Italy)
2
2
-
Belavia (Belarus)
1
1
-
CIT (USA)
4
4
-
ECC Leasing (Ireland)*
1
1
-
Flybe (UK)
11
11
-
Fuji Dream (Japan)
2
2
-
GECAS (USA)
5
5
-
KLM (The Netherlands)
17
17
-
LOT Polish (Poland)
12
12
-
Mauritania Airlines (Mauritania)
2
2
-
Mesa (USA)
7
7
-
NAC / Aldus (Ireland)
2
2
-
NAC / Jetscape (USA)
4
4
-
Northwest (USA)
36
36
-
Oman Air (Oman)
5
5
-
Royal Jordanian (Jordan)
2
2
-
Suzuyo (Japan)
11
11
-
TRIP (Brazil)
5
5
-
United Airlines (USA)
110
110
-
* Aircraft delivered by ECC Leasing: one to Air Caraibes
Defense & Security Highlights
In Defense & Security, the Hungarian Air force took delivery of its first C-390 Millennium, and the Brazilian Air Force received its seventh unit. A new firm contract for the acquisition of nine C-390 aircraft was signed with the Netherlands and Austria, and announced at the Farnborough International Airshow (FIA). The positive momentum carried over to the A-29 Super Tucano, with sales contracts signed with Paraguay and Uruguay. The segment's backlog reached US$ 3.6 billion, up circa US$1.5 billion or about 70% both qoq and yoy.
Services & Support Highlights
The backlog of Services & Support reached US$ 3.5 billion for an increase of more than 25% yoy and more than 10% qoq. The company announced in the third quarter the expansion of its customer support network in the Asia-Pacific region through partnerships with SIA Engineering Corporation and Fokker Services Asia, and in the United States with direct investment in new facilities in Texas.
About Embraer
A global aerospace company headquartered in Brazil, Embraer has businesses in Commercial and Executive aviation, Defense and Security, and Agricultural Aviation. The company designs, develops, manufactures, and markets aircraft and systems, providing Services and Support to customers after-sales.
Since it was founded in 1969, Embraer has delivered more than 9,000 aircraft. On average, about every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 150 million passengers a year.
Embraer is the leading manufacturer of commercial jets with up to 150 seats and the main exporter of high value-added goods in Brazil. The company maintains industrial units, offices, service, and parts distribution centers, among other activities, across the Americas, Africa, Asia, and Europe.
