Embraer Delivers 34 Jets in Q1

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Key Takeaways:

  • Embraer increased its aircraft deliveries in Q1 2014 to 34 jets (compared to 29 in Q1 2013) and saw its firm order backlog grow to $19.2 billion by March 31, 2014.
  • The increased backlog includes a significant order for 50 E-Jets E2 from Air Costa, with the E2 series being a new, more fuel-efficient aircraft expected to begin deliveries 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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