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November 07, 2023

Embraer Releases 2023 Q3 Earnings Results

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Embraer delivered 43 jets in 2023’s third-quarter, an increase of thirty-percent compared to 2022’s third-quarter, during which 33 aircraft were delivered. Commercial Aviation has shown robust delivery growth, soaring from ten to 15 aircraft, a fifty-percent increase compared to the same period in 2022. For Executive Aviation, there was also an increase; 28 jets delivered (19 light and 9 medium) representing a 22-percent increase compared to 2022’s third-quarter.

Papua New Guinea National Carrier Modernizing Fleet

Air Niugini, the national carrier of Papua New Guinea, has signed a firm order with Airbus for six latest generation single aisle A220-100s under its fleet modernization program. In addition, the carrier will acquire three A220-300s and another two A220-100s from third party lessors. The order was announced at a special event in Port Moresby by Gary Seddon, Acting Chief Executive Officer Air Niugini and Anand Stanley, President Airbus Asia-Pacific, in the presence of the Hon. James Marape, Prime Minister of Papua New Guinea and Hon. William Duma, Minister for State Enterprises.