Embraer - The shape of things to come, new sustainable aircraft concepts revealed

Dec 5, 2022

Embraer and FlightSafety International Announce New Full-Flight Simulator for the Praetor Jets

Oct 17, 2022

King Charles III Goes to Belfast on Official Business, His Travel Choice Is an Embraer Jet

Sep 13, 2022

Which Variants Make Up The Embraer Legacy Private Jet Series?

Aug 12, 2022

Sky High Receives the First of Two Embraer E190s

June 1, 2022

India among potential partners for Embraer turboprop

May 10, 2022

Embraer Releases Earnings Results 1st Quarter 2022

HIGHLIGHTS
•Embraer delivered 14 jets in the first quarter, of which 6 commercial aircraft and 8 executive jets (6 light and 2 mid-size).
•Firm order backlog ended 1Q22 at US$ 17.3 billion (+US$0.3 billion versus 4Q21). This is the highest quarter backlog since 2Q18, driven by solid order activity.
•Revenues reached US$ 600.9 million in the quarter, down 26% compared to 1Q21, with almost one month of production shut down due to system and legal reintegration of Commercial Aviation in January. In contrast, reported consolidated gross margin of 20.1% was higher than the 9.5% reported in 1Q21 due to better performance in all segments.
•Adjusted EBIT and EBITDA were US$ (27.0) million and US$ 13.2 million, respectively, yielding Adjusted EBIT margin of -4.5% and Adjusted EBITDA margin of 2.2%. This includes nonrecurring expenses of US$17 million for the quarter.  
•Free cash flow (FCF) in 1Q22 was a usage of US$ (67.8) million, representing a significant improvement compared to the US$ (226.6) million in FCF in 1Q21, and best FCF for 1Q since 1Q10, consistent with working capital optimization measures and enterprise efficiency.  
•FX Variation & Hedge - in 1Q22 we recognized credits of USD 0.8 million related to payroll expenses due to cash flow hedge, mitigating our exposure to FX variation, which is approximately 13% of total costs.
•The Company finished the quarter with total debt of US$ 3.6 billion, or US$0.5 billion less in line with the strategy to improve our capital structure.

April 28, 2022

Brazil's Embraer reports Q4 net profit of $2.1 mln

Brazilian planemaker Embraer SA EMBR3.SA on Wednesday reported net profit of 11.1 million reais ($2.1 million) in the fourth quarter, up from a 7.7 million reais net loss a year earlier. Quarterly net revenue came in at 7.3 billion reais, a 25% drop year-on-year. The average estimate of analysts polled by Refinitiv Eikon was 4.95 billion reais.

March 9, 2022

Embraer aims for decision on proposed turboprop as early as this year 

Brazilian planemaker Embraer expects to decide late this year or early next year on whether to launch a new turboprop plane that could enter service around 2027, its commercial aviation head said on Wednesday.

Feb. 16, 2022

Brazil Confirms eVTOL Certification Process For Embraer's Eve

EVE has achieved a key milestone in its roadmap to flying by 2026.

Feb. 10, 2022

Shark Is The Word With Embraer's New E2 Profit Hunter Livery

Embraer will show the Tech Shark off at the upcoming Singapore Airshow.

Feb. 10, 2022

Embraer E190: Kenya Airways' Most Used Aircraft

Kenya Airways is not a large airline. It has 36 aircraft, not all operational, with 62% of flights by the Embraer 190 – including over 2,500 miles.

Feb. 10, 2022

This summer, Alaska Airlines will fly smaller Embraer 175s on some rural Alaska flights

Feb. 6, 2022

Embraer's eVTOL Project Goes Public

Embraer's Eve Urban Air Mobility Solutions is set to produce its first fully-operational electric vertical take-off and landing (eVTOL) aircraft in partnership with private aviation entrepreneur Kenn Ricci, co-CEO of Zanite Acquisition Corp. Orders for Eve's eVTOL total 1,735 aircraft to date, amounting to roughly $5 billion, and deliveries are scheduled to commence in 2026.

Eve has announced a new business combination agreement with Zanite. in which Eve will become a wholly-owned subsidiary of Zanite. In the second quarter of 2022, the renamed Eve Holding, Inc. will list on the New York Stock Exchange (NYSE) under “EVEX” and "EVEXW” when the transaction is complete.

Dec. 21, 2021

Embraer Earning Results 3rd Quarter 2021

Embraer delivered 9 commercial jets and 21 executive jets (14 light / 7 large) in 3Q21, bringing the year-to-date deliveries to 32 commercial jets and 54 executive jets (36 light /18 large). Following solid sales activity in the period across businesses, total company firm order backlog at the end of 3Q21 was US$ 16.8 billion;

Revenues in 3Q21 reached US$ 958.1 million, representing year-over-year growth of 26.3% compared to 3Q20, with double digit growth in all segments;

Nov. 5, 2021

NetJets Doubles Down on Phenom 300 Series with New Deal, Signifies More Than Decade of Trust in Embraer

After successfully delivering over 100 Phenom 300s—one of NetJets’ most requested aircraft—Embraer and NetJets, Inc. have signed a continuing deal for up to 100 additional aircraft, in excess of $1.2 billion. As part of the deal, NetJets will begin taking delivery of the Phenom 300E in the second quarter of 2023, in both the U.S. and Europe.

NetJets first signed a purchase agreement with Embraer in 2010, for 50 Phenom 300 executive jets plus up to 75 options. With this new aircraft order, which includes a comprehensive services agreement, NetJets signifies their commitment to an enhanced customer experience and their trust in Embraer’s industry-leading portfolio and customer support network to deliver the ultimate experience to its customers.

Oct. 11, 2021

Embraer Earnings Results 2nd Quarter 2021

Embraer delivered 14 commercial jets and 20 executive jets (12 light / 8 large) in 2Q21, bringing the year-to-date deliveries to 23 commercial jets and 33 executive jets (22 light /11 large). Following solid sales activity in the period across businesses, total company firm order backlog at the end of 2Q21 was US$ 15.9 billion
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Revenues in 2Q21 reached US$ 1,130.5 million, representing year-over-year growth of 110.4% compared to 2Q20, with double digit growth in all segments. First half 2021 revenues grew 65.5% compared to the same period of 2020

August 13, 2021

Embraer Delivers First Phenom 300E as Part of Duet Collaboration with Porsche

Embraer delivered the first limited-edition Phenom 300E aircraft—part of the Duet collaboration with Porsche—to an undisclosed customer in Fort Lauderdale, Florida. The aircraft was delivered at Embraer’s state-of-the-art Global Customer Center in Melbourne, Florida.

June 30, 2021

Embraer Presents the ERJ 145 Semi-Private Jet Aftermarket Modification

With passenger comfort, privacy and safety in mind, Embraer is presenting a semi-private configuration for ERJ 145 jets as an aftermarket solution, which includes premium seats for the utmost comfort to passengers. The conversion will be possible through a supplemental type certificate (STC), currently under development by Embraer, and all ERJ 145 are eligible to be converted to a semi-private aircraft.

May 25, 2021

Embraer delivers 600th Phenom 300 series aircraft, the world’s best-selling light jet

Embraer has delivered the 600th Phenom 300 series business jet to Superior Capital Holdings, LLC based in Fayetteville, Arkansas. The aircraft, which recently became the world’s best-selling light jet for the ninth consecutive year and the most delivered twinjet of 2020, based on year-end aircraft billing and shipment reports by the General Aviation Manufacturers Association (GAMA), will be used to support the company’s business operations throughout the U.S.

May 21, 2021

Embraer Earnings Results 1st Quarter 2021

• Embraer delivered 9 commercial jets and 13 executive jets (10 light / 3 large) in 1Q21. Total company firm order backlog at the end of 1Q21 was US$ 14.2 billion;
• Revenues in 1Q21 reached US$ 807.3 million, representing year-over-year growth of 27.4% compared to 1Q20, with growth in the Commercial Aviation, Defense & Security, and Executive Aviation segments;
• On April 23, the Company signed a firm order for 30 E195-E2 jets with an undisclosed customer, with deliveries starting in 2022. The 30 firm orders will be included in Embraer’s second quarter backlog;
• Excluding special items, adjusted EBIT and EBITDA were US$ (29.6) million and US$ 18.0 million, respectively, yielding adjusted EBIT margin of -3.7% and adjusted EBITDA margin of 2.2%;
• Adjusted net loss (excluding special items and deferred income tax and social contribution) in 1Q21 was US$ (95.9) million, with adjusted loss per ADS of US$ (0.52);
• Embraer free cash flow in 1Q21 was a usage of US$ (226.6) million, which is consistent with normal quarterly seasonality of free cash flow usage in the first quarter. The free cash flow usage represented a significant improvement compared to the US$ (676.6) million in free cash flow consumption in 1Q20 on considerably better inventory levels given steps taken to stabilize production and operations in the midst of the COVID-19 pandemic;
• The Company finished the quarter with total cash of US$ 2.5 billion and net debt of US$ 1.9 billion;
• Due to continued uncertainty related to the COVID-19 pandemic and its impacts on the industry, Embraer has decided to not publish 2021 financial and delivery guidance at this point.

April 29, 2021