Brazilian aircraft manufacturer Embraer announced on Thursday that it delivered 47 aircraft in the second quarter of 2024, an 88% increase compared to the same period last year, and reiterated its full-year forecast despite ongoing supply chain issues in the aerospace industry.
As the world's third-largest aircraft manufacturer, Embraer delivered 19 commercial jets, 27 executive jets, and one C-390 Millennium defense aircraft between April and June.
In a securities filing, Embraer stated that its backlog of undelivered orders as of the end of June reached $21.1 billion, the highest in seven years.
The delivery report was released just days before the Farnborough Airshow, where aircraft manufacturers traditionally announce significant orders. Investors are optimistic about Embraer's demand outlook, with the company's stock up more than 80% this year.
Due to the shortage of large single-aisle aircraft from Airbus and Boeing, demand for Embraer's next-generation E2 jets is strong, and the company has also successfully converted executive jet purchase options into firm orders.
The Brazilian company plans to deliver 72 to 80 commercial aircraft this year, up from 64 last year, and 125 to 135 executive jets, an increase from 115 in 2023.
CEO Francisco Gomes Neto told Reuters last month that the company is confident in achieving its commercial aircraft delivery targets this year and could deliver up to 90 E-Jets to airlines next year.
