Brazil-based Embraer (NYSE: ERJ) has announced that in the third quarter 2018, it has delivered 15 commercial and 24 executive jets, the company said.
Regarding the commercial aviation market, Embraer forecasted in its Market Outlook a demand for 10,550 new aircraft with up to 150 seats worldwide over the next 20 years. The in-service fleet is set to increase to 16,000 aircraft, up from the 9,000 aircraft currently in operation. Market growth will drive 65% of this demand, while the remaining 35% of the projected demand will be to replace ageing aircraft.
Embraer and Helvetic Airways signed a contract for a firm order of 12 E190-E2 jets during 3Q18. In 3Q18, Embraer also signed a contract with an undisclosed customer for up to five E195-E2s, being three firm orders and two purchase rights. The Company continues to work on finalizing its recent LoI signed at the Farnborough Airshow for 100 E175 aircraft for Republic Airways, with the expectation that a significant portion of these jets should enter the Company´s backlog by the end of 2018.
A total of 134 jets were removed from Embraer´s backlog in Q3 2018.