Embraer backlog, deliveries down in Q2
Deliveries by Brazilian planemaker Embraer fell in Q2 from a year earlier and its backlog fell sharply as it dropped an order from an inactive customer, according to a securities filing on Friday. The planemaker delivered 28 commercial jets to airlines in the three months through June, down from 35 planes a year earlier. Executive jet deliveries fell to 20 aircraft, from 24 jets a year before. Embraer’s firm order backlog, a gauge of expected revenue, fell sharply as the planemaker removed an order for 50 of its next-generation E2 passenger jets placed by Indian carrier Air Costa, which suspended service last year. With that, the backlog fell to $17.4b at the end of June. In March, the backlog stood at $19.5b under a new accounting method including all service and support contracts. Excluding most service contracts the backlog stood at $18.1b in March.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-07-23/general/embraer-backlog-deliveries-down-in-q2
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Embraer backlog, deliveries down in Q2
Deliveries by Brazilian planemaker Embraer fell in Q2 from a year earlier and its backlog fell sharply as it dropped an order from an inactive customer, according to a securities filing on Friday. The planemaker delivered 28 commercial jets to airlines in the three months through June, down from 35 planes a year earlier. Executive jet deliveries fell to 20 aircraft, from 24 jets a year before. Embraer’s firm order backlog, a gauge of expected revenue, fell sharply as the planemaker removed an order for 50 of its next-generation E2 passenger jets placed by Indian carrier Air Costa, which suspended service last year. With that, the backlog fell to $17.4b at the end of June. In March, the backlog stood at $19.5b under a new accounting method including all service and support contracts. Excluding most service contracts the backlog stood at $18.1b in March.<br/>
