Embraer Notes Slow First Quarter, As Expected

Embraer delivered a total of 14 jets in the first quarter of 2020, of which five were commercial aircraft and nine were executive jets (five light and four large). As of March 31st, the firm order backlog totaled USD 15.9 billion.

Historically, Embraer seasonally has fewer deliveries during the first quarter of the year, and in 2020 in particular, the commercial aircraft deliveries in the first quarter were also negatively impacted by the conclusion of the separation of Embraer's Commercial Aviation unit in January.

During the first quarter, Embraer Executive Jets announced that the new Phenom 300E was granted its Type Certificate by ANAC (National Civil Aviation Agency of Brazil), EASA (European Union Aviation Safety Agency) and the FAA (Federal Aviation Administration). The new Phenom 300E is the recently enhanced version of the Phenom 300 series, which was the most delivered business jet series in the 2010s.

The new Phenom 300E achieved its certification goals with an intracontinental range of 2,010 nautical miles (or 3,723 km, considering NBAA IFR reserves with 5 passengers), a high-speed cruise of 464 ktas, a maximum payload of 2,636 lb, a takeoff distance of 3,209 ft and an unfactored landing distance of 2,212 ft. In addition, the new Phenom 300E received both avionics upgrades and enhancements that lowered cabin noise levels. 

FMI: www.embraer.com