Embraer logs 28 firm commercial aircraft orders, 35 deliveries in 2Q

Brazilian manufacturer Embraer booked firm orders for 28 commercial aircraft from seven customers in the second quarter of 2017, valued at approximately $1.6 billion at list prices, including the first orders this year for the E195-E2, following that aircraft’s rollout and first flight in March.

An undisclosed customer ordered 10 E195-E2s at the Paris Air Show in June, with purchase rights for 10 additional aircraft, potentially a $1.3 billion transaction if all options are exercised. A separate undisclosed customer committed to purchase 20 E190-E2s during the quarter; the agreement is still to be finalized, and would be valued at $1.2 billion.

Embraer said its total orders and commitments announced at the Paris Air Show “could reach 51 aircraft and roughly $3 billion.”

Embraer’s other major orders for the quarter came from Irish lessor AerCap, which ordered two E195-E2s and two E190-E2s; Fort Worth, Texas-based American Airlines (four E175s, adding to the 60 E175s the airline has already ordered); Belarus flag carrier Belavia (an E175 and an E195); Japan Airlines (three E190s); Netherlands-based KLM (two E190s for its regional subsidiary KLM Cityhopper); and Japanese conglomerate Suzuyo (three E175s for domestic carrier Fuji Dream Airlines, a Suzuyo subsidiary, with purchase rights for an additional three E175s). Embraer also registered cancellations for two E170s and two E190s from Japan Airlines and Azerbaijan Airlines, respectively.

Embraer delivered 35 commercial aircraft to seven customers during the quarter, a 35% increase over 26 deliveries in the year-ago quarter. US carriers United Airlines and SkyWest each received 10 E175s during the quarter. Additional E175 deliveries included five to Alaska Airlines regional carrier Horizon Air; four to American Airlines and two to KLM Cityhopper. Japan Airlines took delivery of two E190s and China’s Hainan Airlines received two E195s.

As of June 30, Embraer’s firm order backlog totaled $18.5 billion in aircraft, down $700 million from the end of the 2017 first quarter. Embraer’s backlog has a queue of 417 aircraft comprising 102 E195-E2s, 83 E190-E2s, 100 E175-E2s, nine E195s, 57 E190s, 65 E175s and one E170.