Embraer: 51 jets delivered in 2Q19
Embraer delivered a complete of 51 jets in the next quarter of 2019 (2Q19), which 26 were commercial aircraft and 25 were executive jets (19 light and 6 large). By June 30th, the firm order backlog totaled USD 16.9 billion in comparison to USD 16.0 billion by the end of 1Q19. Embraer’s 2Q19 backlog increase is because of continued market demand largely, for the brand new category of Praetor jets in Executive Aviation mainly. See details below:
In the next quarter, Embraer received the sort Certificate for the E195-E2 from three regulatory authorities: ANAC, the Brazilian Civil Aviation Agency (Agência Nacional de Aviação Civil); the FAA (U.S. Federal Aviation Administration) and EASA (European Aviation Safety Agency). The E195-E2 may be the largest of the three members of the E-Jets E2 category of Embraer commercial airplanes.
In the start of the 2Q19, Embraer signed a company order for 10 E195-E2 jets with Air Peace, Nigeria’largest airline s. The contract includes purchase rights for an additional 20 E195-E2s. With all purchase rights being exercised, the contract includes a value of USD 2.12 billion.
During the 53rd International Paris Air Show, Embraer announced several sales contracts the following. All values derive from Embraer’s current list prices.
United Airlines signed a contract for 39 E175s, comprising 20 firm aircraft and 19 options. The order includes a value of USD 1.9 billion with all options being exercised. Binter, of Spain, confirmed the purchase rights for just two additional E195-E2s from the initial contract signed in 2018. Both new E195-E2s have a value of USD 141.8 million.
Embraer announced KLM Cityhopper&rsquo also;s intention to get around 35 E195-E2 jets, comprising 15 firm orders with purchase rights for an additional 20 aircraft of exactly the same model. This intention to get, which takes a Purchase Agreement still, includes a value of USD 2.48 billion.
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Embraer announced through the Paris Air Show that it signed a contract with Japan’s Fuji Dream Airlines (FDA) for a company order of two E175 jets. The order includes a value of USD 97.2 million and had been contained in Embraer’s 1Q19 backlog as “undisclosed.”
In the executive aviation segment, Embraer received the sort Certificate for the brand new Praetor 600 super-midsize business jet by the three main world regulatory agencies: ANAC, the FAA, and EASA. In June to an undisclosed European customer the initial Praetor 600 was delivered.
Embraer Defense & Security and ELTA Systems Ltd (ELTA), a subsidiary of Israel Aerospace Industries (IAI), signed at the 53rd International Paris Air Show a Strategic Cooperation Agreement to introduce the P600 AEW (Airborne Early Warning). In this cooperation, Embraer would be to provide the oxygen platform, ground support, communications aircraft and systems integration while ELTA would be to supply the AEW radar, SIGINT (Signals Intelligence) along with other electronic systems and system integration.
Embraer Services & Support announced at a contract be showed by the Paris Air with Azul Linhas Áereas Brasileiras, S.A. for a long-term Flight Hour Pool Program agreement for the carrier’s completely new fleet of Embraer E195-E2 jets. THE BUSINESS announced pool maintenance and parts agreements with Helvetic Airways also, from Switzerland, and Aurigny Air Services, from the Guernsey Island. Through the MRO Americas event, april in early, Embraer announced support contracts with Air Botswana also, Binter, from Spain, and Mauritania Airlines.
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