FLYING Magazine

Embraer announced that its deliveries rose 13 percent and backlog grew 6.9 percent to $18.7 billion during 2023. The company said growth in deliveries of its E2 series jets and record backlog in services and support operations helped its results, but continued supply chain delays hurt its overall performance.

Embraer delivered 75 aircraft during the fourth quarter of 2023, including 49 executive jets, 25 commercial jets, and one C-390 military jet. For the full year, the company’s deliveries totaled 181 aircraft, an increase of 13 percent from 160 in 2022.

READ MORE: Embraer Deliveries Up 30 Percent in Third Quarter

The Executive Aviation unit ended the year with a total of 74 light jets delivered, marking a 12 percent increase over 2022 and the highest volume in seven years. Deliveries of medium jets rose 14 percent to 41 aircraft. The backlog grew by $400 million to $4.3 billion.

Embraer’s Defense & Security unit won a deal to supply its C-390 Millennium military transport jets to South Korea, making that country the first C-390 customer in Asia. Last year Austria and the Czech Republic also selected the C-390 in 2023, as did the Netherlands in 2022.

READ MORE: South Korea to Buy Embraer C-390 for Military Transport

The Commercial Aviation unit reported a 12 percent increase in deliveries of E-Jet aircraft to 64. Within the E-Jet family, deliveries of the E2 models more than doubled to 39 aircraft in 2023. The backlog rose to 298 aircraft, or a total of $8.8 billion. Highlights for the year included the Canadian carrier Porter Airlines placing an order for 25 E195-E2 passenger jets, adding to previous existing firm orders for 50 aircraft.

Embraer’s Services & Support business backlog grew to $3.1 billion in 2023, its highest-ever level. The company said growth momentum benefited from its earlier announcement of a deal that has doubled its maintenance service capacity for executive jets in the U.S. The expansion includes the addition of three executive aviation maintenance, repair, and overhaul (MRO) facilities at Dallas Love Field, Texas (KDAL); Cleveland, Ohio (KCLE); and Sanford, Florida (KSFB).

The post Embraer Says Deliveries, Backlog Rose in 2023 But Supply Chain Woes Slowed Results Overall appeared first on FLYING Magazine.

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