Embraer’s 2018 Bizjet Deliveries To Meet Lower Estimate

Embraer Executive Jets will meet the lower end of its aircraft delivery estimate this year—105 units—parent company Embraer said during an investor conference call earlier this week. Earlier this year, the Brazilian aircraft manufacturer said the predicted range for the division was 105 to 120 business jet shipments, with the lower end being four fewer than last year.

To date, Embraer Executive Jets has handed over 55 aircraft, meaning that, to meet this goal, it will have to deliver 50 aircraft in the fourth quarter—the exact number it shipped in the final quarter of last year. Embraer’s business jet shipments in the first nine months lag the year-ago period by four aircraft, as deliveries of large jets fell from 19 last year to 15 this year. Phenom shipments totaled 40 for each of the comparative nine months.

Meanwhile, third-quarter revenues at its business jet segment increased by $95.5 million year-over-year, to $312 million, thanks to a pick-up in deliveries from 20 to 24 aircraft in the comparative quarters.