Embraer Delivers 34 Jets in Q1

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Key Takeaways:

  • Embraer reported increased aircraft deliveries in Q1 2014, totaling 34 jets compared to 29 in the same period of 2013.
  • The company's firm order backlog grew by $1 billion to $19.2 billion by March 31, 2014, including a major order for 50 E-Jets E2 from Air Costa.
  • The E2 series, a more fuel-efficient version of the E-Jet, was announced in 2013 and is expected to feature Pratt & Whitney geared turbofan engines and Honeywell Primus Epic 2 avionics, with deliveries starting in 2018.
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Embraer reports that during the first quarter of 2014 it delivered 14 jets to the commercial aviation market and 20 to the business aviation market, for a total of 34 aircraft, compared to 29 aircraft delivered in the same period of 2013. On March 31, 2014, the firm order backlog totaled $19.2 billion, an increase of $1 billion over Dec. 31, 2013. The backlog for the first quarter of 2014 includes a firm order for 50 E-Jets E2 from Air Costa, an Indian airline.

The E2 series is a more fuel-efficient version of Embraers E-Jet line of airliners. They are expected to have 70 to 130 seats and a range of up to 2200 miles. The E2 line was announced at the 2013 Paris Air Show with deliveries to begin in 2018. Embraer has said that the aircraft will use Pratt and Whitney geared turbofan engines and the avionics package will be the Honeywell Primus Epic 2.

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