Embraer delivered 47 aircraft in the second quarter of 2024, an increase of 88% compared to the previous quarter, when 25 jets were delivered. The company's firm order book (backlog) closed at US$ 21,1 billion, an increase of 20% in the annual comparison and a record value for seven years.
Commercial Aviation was the highlight of the quarter with 19 deliveries – around 170% more compared to the first quarter of the year (7 aircraft in 1Q24). Furthermore, Executive Aviation maintained a solid performance with 27 jets (18 in 1Q24), and Defense delivered a C-390 Millennium multi-mission aircraft.
The order backlog of US$21,1 billion in 2Q24, which represents more than 20% compared to the same period of the previous year, is slightly higher than in 1Q24. The biggest increase occurred in Commercial Aviation (+US$227 million), while the biggest drop occurred in Defense and Security (-US$251 million). The backlog of the other two business units increased marginally (+US$45 million).
In Commercial Aviation, the backlog was US$11,3 billion in 2Q24 (+2% in the quarter). The main highlight of the period was the order of 20 E2 jets by Mexicana de Aviación – Mexico's state airline. The order includes 10 E190-E2 and another 10 E195-E2, with initial deliveries scheduled for 2Q25. Other highlights were the delivery and start of operations of the first E190-E2 for Scoot – a subsidiary of Singapore Airlines (SIA). Furthermore, Embraer reached another important milestone: the delivery of its 1.800th E-Jet in May. The aircraft was delivered to leasing company Azorra and will be operated by Royal Jordanian Airlines.
In Executive Aviation, the business unit continues its strong sales momentum in both the retail and fleet operator markets, demonstrating solid delivery performance and maintaining a positive book-to-bill. The executive jet order backcreased marginally and ended 2Q24 with US$4,6 billion (+1% in the quarter).
The Services & unit continues to be one of the main drivers of Embraer's growth through the combination of operational excellence, customer experience and innovative solutions. The business unit's backlog ended 2Q24 practically unchanged, at US$3,1 billion.
In Defense & Security, the highlight was the delivery of the second C-390 Millennium to the Portuguese Air Force (FAP), in a ceremony held in Gavião Peixoto (SP). In 2019, FAP ordered 5 KC-390s, including a comprehensive services and package and a flight simulator. The first aircraft entered service in October 2023 at Beja Air Base. The selection of the C-390 by some European countries has not yet been incorporated into the backlog, which represents a significant source of potential growth for the coming quarters. The firm order back Defense and Security decreased by 10% in the quarter and reached US$2,1 billion in 2Q24.
Firm order book for Commercial Aviation aircraft:
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