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Thu, Jan 16, 2014

Embraer Meets Aircraft Delivery Guidance For 2013

Delivers 90 Commercial And 119 Executive Jets

Embraer delivered 32 commercial and 53 business jets during the fourth quarter of 2013 (4Q13), thus closing out the year with 90 airplanes delivered to the airline market and 119 to executive aviation, that is, 90 light and 29 large jets.

That means Embraer met the estimated aircraft delivery guidance proposed for 2013, for both commercial jets and executive jets from the light and large categories. At the end of the year, the firm order backlog stood at $18.2 billion.

The main highlight of the quarter, according to a news release, was the signing of a contract with American Airlines, Inc. for 60 E175 jets, with options to buy an additional 90 jets of the same model.

As of December 31, Embraer showed 1,427 firm orders for commercial airplanes and 839 options. That number includes 569 firm orders and 169 options for the company's E190 airplane.

(Image from file)

FMI: www.embraer.com

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