Embraer’s Jet Deliveries Down by a Third after Fallout with Boeing
Embraer delivered 14 jets in the first quarter of the year, down from 22 planes delivered during the same period in 2019, partly due to Boeing’s scrapping of a strategic partnership with the company in April.
“Embraer seasonally has fewer deliveries during the first quarter of the year, and in 2020 in particular, the commercial aircraft deliveries in the first quarter were also negatively impacted by the conclusion of the separation of Embraer's Commercial Aviation unit in January,” the company said Tuesday.
The 14 delivered jets include five commercial aircraft and nine executive jets (5 light / 4 large). In Q1 2019, the company delivered 11 commercial jets and 11 executive jets (8 light / 3 large).
As of March 31st, the firm order backlog, a gauge of future revenue, totalled $15.9 billion.
During the first quarter, Embraer Executive Jets announced that the new Phenom 300E was granted its Type Certificate by ANAC (National Civil Aviation Agency of Brazil), EASA (European Union Aviation Safety Agency) and the FAA (Federal Aviation Administration). The new Phenom 300E is the recently enhanced version of the Phenom 300 series, which was the most delivered business jet series in the 2010s.
Embraer-Boeing feud:
The Brazilian firm was preparing to carve out its commercial aircraft division to form a joint-venture with Boeing under Master Transaction Agreement (MTA) signed between the two companies in 2012, which was expanded in 2016.
On April 24, Boeing terminated the contract, irking Embraer.
“Embraer believes strongly that Boeing has wrongfully terminated the MTA, that it has manufactured false claims as a pretext to seek to avoid its commitments to close the transaction and pay Embraer the $4.2 billion purchase price,” the company said. We believe Boeing has engaged in a systematic pattern of delay and repeated violations of the MTA, because of its unwillingness to complete the transaction in light of its own financial condition and 737 MAX and other business and reputational problems," Embraer had said in a statement.
Embraer: Boeing “Wrongfully” Terminated JV Agreement, Failed to Pay $4.2B
Boeing Terminates Joint Venture Agreement with Embraer
U.S. Approves $4.69 Billion Upgrade of Egypt’s M1A1 Abrams Tanks into M1A1SA...
American Hypersonic Missiles in Sight as Russia Forms First S-500 Air Defense...
Houthi Missile Hits Israel’s Tel Aviv, 16 Injured
Poland Orders Four Reconnaissance Microsatellites
Russian Su-57 and Chinese J-20 as Alternatives to the American F-35 Stealth Fighter
As the Russian Su-57 stealth fighter jet enters serial production, the debate over how it stacks up against the American...
NATO’s Intensified Exercises a Prep to Attack Russia?
Recent NATO exercises such as the BALTOPS-24, Steadfast Defender 2024 and its first-ever Basic Fighter Maneuvers exercise have been its...
Precision in the Skies: The Evolution of Loitering Munitions
Loitering munitions - drones that hover over a target and blow up near it - have become the weapon of...
Is the Patriot Air Defense System Outdated?
After Israel revealed its decision to decommission its U
Russia's Growing Influence in Africa: Arms Sales and Military Bases
Russia's expanding influence in Africa, demonstrated by arms sales, military deployments, and diplomatic engagements, reflects a significant geopolitical shift on...