Embraer announced on Monday its guidance for 2024 amid the presentation of last year’s results. The Brazilian planemaker estimates that it will be able to deliver 72 to 80 commercial jets and 125 to 135 executive aircraft.
The target for its commercial aircraft is the highest post-Covid, but still far from 2018 and 2019, when it delivered around 90 jets.
In 2023, Embraer delivered 64 commercial aircraft, remaining just one unit below the target floor (65 to 70 jets).
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The estimate for executive jets is more contained, with an increase of just five aircraft compared to the forecast for 2023. Last year, Embraer delivered 115 corporate planes, five less than the target.
Commercial aviation accounts for almost half of the backlog
The company’s total revenue was almost US$5.3 billion, with the Commercial Aviation division taking a 35% share (US$1.85 billion).
Services & Support was slightly above Executive Aviation (26.9% against 26.7%) while Defense & Security accounted for 9.8% of revenue.
Despite lower revenue, the defense segment expanded the most in 2023, with growth of 25%. Services & Support, which had been gaining ground in the company, had a lower growth of just 12%.
The backlog reached US$18.7 billion, the highest level in many years. Commercial Aviation accounted for 47% of orders, with a slight increase. Executive Aviation was stagnant with US$4.3 billion, followed by Services & Support, with US$3.1 billion, and Defense & Security, with US$2.5 billion.
