Embraer delivers 41 executive jets in 3Q

Embraer delivered 41 executive jets in the third quarter of 2024 up from 27 in the second quarter of 2024 and 28 in the same quarter of last year, according to the Brazilian aerospace corporation’s second quarter results.

The company’s backlog shrank to $4.4bn from second quarter’s $4.6bn.

In the light jet segment, Embraer delivered 18 Phenom 300s, flat compared to second quarter and one more than same period last year. However, it delivered four Phenom 100, up 100% on both sequential as well as yearly basis.

In the mid-size segment, the company delivered nine Praetor 500s and 10 Praetor 600s up from three and four from the second quarter respectively.

So far, in the nine month period, Embraer has delivered 86 executive jets against the annual target of 125-135 deliveries. Jet deliveries are typically seasonal and usually pick up pace in third quarter with major chunk leaving the manufacturers’ hangars in the fourth quarter of fiscal year.

Overall, the company’s total backlog for executive, commercial and services segments hit a nine-year high of $22.7bn, up 25% year-over-year.