Embraer deliveries rise 88% in Q2, order backlog at 7-year high

Brazilian planemaker Embraer said on Thursday it had delivered 47 aircraft in Q2 2024, an 88% increase from the prior year, and reaffirmed its full-year outlook despite ongoing aerospace industry supply chain issues. The world's third-largest planemaker behind Airbus and Boeing delivered 19 commercial and 27 executive jets in the April-June period, as well as one defense C-390 Millennium jet.In a securities filing, Embraer said its firm order backlog reached $21.1b at the end of June, the highest in seven years. The delivery report comes days ahead of the Farnborough Airshow, when planemakers often announce major orders. Investors have been positive about Embraer's demand prospects, with shares in the planemaker up more than 80% so far this year. Embraer has been experiencing strong demand for its next generation E2 jets as carriers face a shortage of larger single-aisle planes from Airbus and Boeing, and has also managed to convert business jet purchase options into firm orders.<br/>