Embraer reported an impressive increase in jet deliveries and backlog, securing a significant order from Mexicana de Aviación while continuing to enhance its operational performance across various aviation sectors.
Target Information
Embraer S.A., a leading aerospace manufacturer based in Brazil, reported significant growth in its deliveries during the second quarter of 2024. The company delivered a total of 47 jets, reflecting an impressive 88% increase from the previous quarter's total of 25 jets. This surge was primarily driven by its Commercial Aviation sector, which saw a remarkable increase in jet deliveries. As of the end of Q2 2024, Embraer's company-wide backlog reached an all-time high of US$21.1 billion, indicating a robust demand for its aircraft.
Among the highlights of this quarter was the substantial order for 20 E2 jets placed by Mexicana de Aviación, Mexico's state-owned airline. This order features ten E190-E2 jets and ten E195-E2 jets, with deliveries set to commence in the second quarter of 2025. Additionally, Embraer marked a significant milestone by delivering its 1,800th E-Jet to the leasing company Azorra, which will operate the aircraft for Royal Jordanian Airlines.
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Industry Overview in Brazil
The aviation industry in Brazil is experiencing revitalization, particularly in the commercial sector. Brazil, being a pivotal player in South America's aviation landscape, has shown a consistent demand for regional jets capable of serving
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