| Title: |
Embraer Deliveries, Profit Falling |
| Date
Posted: |
2010-03-24 |
| Posted
by: |
Salman Khan |
| Message |
Increasing deliveries of Phenom very light and light jets were not enough to offset a sharp drop in commercial aircraft deliveries at Embraer, driving the Brazilian aircraft maker’s full year profit down 36% to $248.5 million.
But there are signs of recovery that started to emerge at the end of the fourth quarter. Order intake therefore is expected to increase from the 23 regional jets booked last year. The slow pace of new order intake last year also led to a reduction in Embraer’s order backlog by $3.3 billion to $16.6 billion at the end of 2009.
Embraer expects to deliver 227 aircraft this year, split between 90 commercial jets and 137 business aircraft. The latter will comprise 120 Phenoms and 17 larger types — the Legacy 600 and 650s and Lineage 1000s.
Deliveries last year were two aircraft higher than expected, with 244 business and regional jets going to customers. That total was dominated by 93 of the lower margin Phenom 100 very light jets (only one Phenom 300 light jet was handed over before year’s end). The highest number of regional jet deliveries was 62 Embraer 190s.
http://www.aviationweek.com/ |
