Embraer sees high demand in 2021

Embraer sees high demand in 2021

Aircraft manufacturer, Embraer reports it delivered 55 jets in the fourth quarter of 2021, of which 16 were commercial aircraft and 39 were executive jets.
The company delivered a total of 141 jets in 2021, comprised of 48 commercial aircraft and 93 executive jets. As of December 31, the firm order backlog totalled USD $17 billion, reaching its highest value since the second quarter of 2018.
In the commercial aviation segment, Embraer announced, during the Dubai Air Show, a firm order for three new E175, plus three purchase rights for the same aircraft model, for Overland Airways, from Nigeria.
The 88-seat aircraft will be delivered from 2023. The deal is worth USD $299.4 million, at list price with all purchase rights being exercised. Embraer also concluded the purchase agreement of three additional 76-seat E175 to American Airlines valued at USD $160.2 million.
The aircraft will be operated by American’s wholly owned subsidiary, Envoy Air that will grow its E175 fleet to over 100 aircraft by the end of 2022. In the 4Q21, Embraer also signed an agreement with Azorra to acquire 20 new E2 family aircraft (E-190E2 or E195-E2), plus a further 30 purchase rights in a deal valued at USD $3.9 billion.