E175 AMERICAN EAGLE FLYING 102 scaled
Embraer reports that its backlog reached the highest level in seven years, and deliveries rose 67% in 1Q24.
In 1Q24, Embraer delivered 25 aircraft, which is 67% higher than last year. Its general aviation division delivered 18 aircraft compared to eight in the same period last year.
The table below lays out the OEM’s backlog.
In the general aviation segment (Executive Aviation), Embraer offers the popular Phenom range, which is best in class. Its Phenom 300 is a best seller.
The softening of the Defense & Security backlog is at odds with growing interest in the C-390. This aircraft is attracting interest and orders. However, Brazil’s domestic military spending may be the key driver in this softer backlog.
A sharp rise in commercial aviation is expected. For some time, we have pointed out that a rise in orders was inevitable because Embraer has the shortest delivery dates, its competitor’s backlog is high, and the production rate does not seem to rise. Moreover, Embraer’s E2 is proving to be a good aircraft (the GTF challenge notwithstanding), and it is the only Western producer of regional jets. As Embraer notes: “The highlight of the quarter was the deal with American Airlines for 90 E175s, with purchase rights for another 43 additional jets, to meet domestic demand in the United States.”
The rest of 2024 could see further good news, especially from its C-390 and E2 range.
