Embraer’s Bizjet Deliveries Plateau in 2012
Embraer announced yesterday that it delivered 99 business jets last year, matching its total deliveries in 2011.
In the fourth quarter the Brazilian company shipped 53 business jets, three more than in the same quarter in 2011 and seven more than it did in the combined first three quarters of 2012. By model, the Brazilian OEM delivered 13 Phenom 100s, 24 Phenom 300s, 15 Legacy 650s and one Lineage 1000 in the last quarter. During the first three quarters of last year Embraer handed over 16 Phenom 100s, 24 Phenom 300s, four Legacy 650s, one Lineage 1000 and one ERJ shuttle.
The company will release its 2013 guidance on February 5, and JPMorgan aerospace analysts said yesterday that they “expect little change to management’s cautious [executive jet] demand outlook, with the caveat that entry into service of the Legacy 500/450 will drive growth starting in 2014.”
Including the airline market, the Brazilian OEM delivered 205 jets last year and ended 2012 with a total firm-order backlog valued at $12.5 billion. By comparison, in 2011 Embraer delivered 204 aircraft and ended the year with a backlog valued at $15.4 billion.