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Brazil’s Embraer lifts order backlog to record $35.7bn in third quarter

Brazilian planemaker Embraer (B3: EMBJ3) raised its order backlog to a record $35.7bn at the end of the third quarter, up 14% year-on-year, the company said on October 26.
Embraer E195-E2 at the Paris Air Show

Brazilian planemaker Embraer (B3: EMBJ3) raised its order backlog to a record $35.7bn at the end of the third quarter, up 14% year-on-year, the company said on October 26.

Orders for its E2 jets from carriers in Latin America, Europe and Asia lifted the commercial aviation backlog to $15.8bn, up 4% year-on-year. Brazil’s LATAM took its first E195-E2 earlier this month.

Embraer booked 36 firm E2-family orders in the quarter, plus 30 purchase rights or options, taking firm E2 orders to 72 in the first nine months of the year.

Abra Group, which owns Gol and Avianca, ordered 20 E195-E2s with 10 options and 15 purchase rights. Spain’s Binter added five E195-E2s and Japan’s ANA Holdings ordered eight more E190-E2s, taking its firm total to 23. Luxair converted three purchase rights into firm orders.

Executive aviation reached a record backlog of $8.2bn, up 12% year-on-year, while services and support climbed to a record $5.6bn.

Embraer delivered 66 aircraft in the quarter, up 6% from a year earlier. They comprised 22 commercial jets, 41 executive jets and three defence aircraft.

Embraer is a Brazilian aerospace company founded in 1969 and headquartered in São José dos Campos. It makes commercial, executive and defence aircraft and is a leading maker of commercial jets of up to 150 seats.

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