Key Points:

  • Embraer witnesses an increase in its firm order backlog, reaching $17.8 billion by the end of the third quarter, marking a rise of $500 million from the prior quarter.

  • SkyWest places an order for 19 of Embraer's E175 jets, valued at $1.1 billion, with the commencement of deliveries scheduled for the last quarter of 2024.

  • The newly acquired aircraft by SkyWest will be operated by United Airlines, following a capacity purchase agreement as stated by Embraer.

SAO PAULO — Embraer, the renowned Brazilian aircraft manufacturer, disclosed a significant boost in its order backlog, which stood at an impressive $17.8 billion as the third quarter came to a close. The announcement came alongside a report that the backlog experienced a growth of $500 million compared to the preceding quarter, as detailed in a securities filing by the company.

Production and Delivery Metrics Highlight Growth

Demonstrating a steadfast performance, Embraer announced the delivery of 43 aircraft during the third quarter, marking a notable increase from the 33 deliveries made during the same period last year. Consequently, the cumulative deliveries for the year have reached a total of 105 aircraft.

SkyWest Bolsters Embraer's Portfolio with Fresh Order

Further fortifying its market presence, Embraer unveiled that SkyWest had placed an order for 19 of its distinguished E175 jets, carrying a total value of $1.1 billion. The commencement of these jet deliveries is projected for the concluding quarter of 2024.

United Airlines to Spearhead Operations of New Jets

As part of the acquisition dynamics, Embraer confirmed that United Airlines would assume the operations of the freshly ordered jets by SkyWest. This arrangement will be executed under a capacity purchase agreement, further underscoring the expansive and collaborative nature of the aerospace industry.