Embraer’s business-aviation results for fiscal year 2012, released yesterday, were flat, with deliveries of 99 business jets equaling the tally in 2011. But net revenue increased, to $1.292 billion last year from $1.118 billion in 2011, thanks to a more favorable mix of model deliveries.
In 2011, the Brazilian OEM delivered 83 light jets and 16 large jets. Last year those numbers shifted, with deliveries of 77 light jets and 22 more lucrative large jets, boosting executive jet revenue by more than 20 percent last year.
While Embraer described 2011 as a year “marked by signs of a continued recession, mainly echoing from Europe,” the company saw last year as “marked by both positive and negative signs of market recovery.” Positive indicators include increasing U.S. corporate profits and record growth in the number of millionaires worldwide.
Embraer nevertheless cited as cause for caution slow economic growth around the world, uncertainties regarding the future of European economies, stagnation of the pre-owned aircraft market and reduction in utilization of business jets.