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Brazil's Embraer delivers 25 jets in Q1; backlog hits 7-year high

Published 04/19/2024, 05:45 PM
Updated 04/19/2024, 05:51 PM
© Reuters. FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company's headquarters in Sao Jose dos Campos, Brazil February 28, 2018. REUTERS/Roosevelt Cassio/File Photo

SAO PAULO (Reuters) - Brazilian planemaker Embraer said on Friday it delivered 25 aircraft - seven commercial planes and 18 executive jets - in the first quarter of 2024, a 67% increase on a yearly basis.

Embraer, the world's third-largest planemaker behind Boeing (NYSE:BA) and Airbus, said in a securities filing that its firm order backlog hit a seven-year high of $21.1 billion at the end of March, up 13% from the previous three-month period.

Embraer plans to deliver 72 to 80 commercial aircraft this year, while its outlook for business jet deliveries stands between 125 and 135.

Latest comments

Maybe they should buy out Boeing.
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