Embraer reports 38% increase in aircraft deliveries in Q3 2016

Embraer (NYSE: ERJ) has delivered 29 jets to the commercial aviation market in the third quarter 2016, an increase of 38 percent compared to the third quarter 2015, the company said.
The company said it has delivered a total of 76 jets in 2016 year-to-date.

Embraer has delivered 12 large executive jets, 33 percent more than the same quarter of last year. However, total executive aviation deliveries fell around 17 percent when compared to the third quarter 2015.

On September 30, Embraer´s firm order backlog totaled USD21.4 billion. Indonesian Airline Kalstar Aviation has ordered 10 E190-E2 aircraft. The contract included five firm orders and five purchase rights for the same model. Deliveries are scheduled to begin in 2020.

Embraer has also received a letter of intent with Israeli airline Arkia for up to 10 E195-E2 aircraft. The contract has an estimated total value of USD650 million.

China´s Colorful Guizhou Airlines has placed an order for up to five E190 jetliners from Embraer. The contract includes two firm orders and three purchase options. The contract has an estimated value of USD249 million at the current list price, if all purchase rights are exercised. The two aircraft will be delivered in 2017.

Embraer S.A. is a Brazilian aerospace conglomerate that produces commercial, military, executive and agricultural aircraft and provides aeronautical services. It is headquartered in São José dos Campos, São Paulo State.