SAO PAULO, July 18 (Reuters) - Brazilian planemaker
Embraer ( ERJ ) said on Thursday it had delivered 47 aircraft
in the second quarter of 2024, an 88% increase from the prior
year, and reaffirmed its full-year outlook despite ongoing
aerospace industry supply chain issues.
The world's third-largest planemaker behind Airbus
and Boeing ( BA ) delivered 19 commercial and 27 executive jets
in the April-June period, as well as one defense C-390
Millennium jet.
In a securities filing, Embraer ( ERJ ) said its firm order backlog
reached $21.1 billion at the end of June, the highest in seven
years.
The delivery report comes days ahead of the Farnborough
Airshow, when planemakers often announce major orders. Investors
have been positive about Embraer's ( ERJ ) demand prospects, with shares
in the planemaker up more than 80% so far this year.
Embraer ( ERJ ) has been experiencing strong demand for its next
generation E2 jets as carriers face a shortage of larger
single-aisle planes from Airbus and Boeing ( BA ), and has also managed
to convert business jet purchase options into firm orders.
The Brazilian firm plans to deliver 72 to 80 commercial
aircraft this year, up from 64 last year, as well as 125 to 135
business jets, up from 115 in 2023.
Chief Executive Francisco Gomes Neto told Reuters last month
the firm was confident in reaching its commercial aircraft
target this year and could deliver up to 90 of its E-Jets to
airlines next year.
Embraer ( ERJ ) has seen opportunities emerge as it has
production slots available from 2026, meaning it can deliver on
new jet sales before Boeing ( BA ) and Airbus, the latter having sold
out its production of single-aisle jets until the end of the
decade.
Recent orders include 20 E2 jets from Mexicana de
Aviacion and NetJets' converting options for up to 250 Praetor
500 executive jets into firm orders.