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Embraer Posts Strong 2015 Jet Deliveries, Best in 5 Years

Brazil-based Embraer SAERJ reported solid delivery figures for the fourth quarter as well as for 2015, making it the best in five years. The company has delivered a total of 221 jets in 2015, up 6.3% year over year.

Total deliveries in the fourth quarter were 78 compared with 82 in the year-ago period. Deliveries in the commercial aviation and business aviation markets were 33 and 45 jets in the fourth quarter, and 101 and 120 jets in 2015, respectively.

In comparison, in the fourth quarter of 2014, the company had delivered 30 jets in the commercial aviation and 52 jets in the business aviation market. In 2014, the company had delivered 208 jets, comprising 92 for commercial aviation and 116 for executive aviation.

Embraer reported an order backlog of $22.5 billion as of Dec 31, 2015. This represents a 1.8% increase from the preceding quarter and 7.7% from $20.9 billion recorded a year ago.

Under the commercial aviation segment, the company received its largest order for 19 more E175 jets during the fourth quarter. The order was placed by Skywest Inc. SKYW to be operated under a Capacity Purchase Agreement with Delta Air Lines.

On the other hand, the company made its first deliveries of the Legacy 450 in the executive aviation segment. It also won a contract from Emirates Flight Training Academy, which signed a firm order for five Phenom 100E business jets, plus options for five more aircraft of the same model. In Dec 2015, Embraer also delivered the first Phenom 100E to a customer in China.

Embraer is the world's third largest commercial aircraft manufacturer after The Boeing Co. BA and Airbus EADSY . The company designs, manufactures and sells aircraft and systems under both commercial as well as executive aviation, and defense and security segments.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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