Register
Business

Embraer Nabs Order for 5 E195-E2 Aircraft, Keeps Airline Secret

Aircraft manufacturer Embraer (NYSE: ERJ) announced today that it had secured a new firm order for five E195-E2 aircraft from an undisclosed airline.

Michael Wildes
Verified
The OEM said it will deliver four aircraft by the end of 2023, while the final aircraft will be delivered in 2024. [Courtesy: Embraer]
Gemini Sparkle

Key Takeaways:

  • Embraer has secured a new firm order for five E195-E2 aircraft from an undisclosed airline, valued at $389.4 million, with most deliveries slated for late 2023.
  • This new order contributes to Embraer's existing firm order backlog, which stood at $17.8 billion in its third-quarter earnings report.
  • Despite strong business, Embraer's CEO reported that supply chain issues continue to negatively impact the company's output.
Key takeaways sponsored by Aviator Pro | Start Your Training ->
See a mistake? Contact us.

Aircraft manufacturer Embraer (NYSE: ERJ) announced today that it had secured a new firm order for five E195-E2 aircraft from an undisclosed airline “with exciting new plans for future growth.”

The OEM said it will deliver four aircraft by the end of 2023, while the final aircraft will be delivered in 2024. The contract is valued at $389.4 million and adds to the manufacturer’s backlog.

Michael Wildes

Michael Wildes holds a master’s degree in Logistics & Supply Chain Management, and a bachelor’s degree in Aeronautical Science, both from Embry-Riddle Aeronautical University. Previously, he worked at the university’s flight department as a Flight Check Airman, Assistant Training Manager, and Quality Assurance Mentor. He holds MEI, CFI & CFII ratings. Follow Michael on Twitter @Captainwildes.

Ready to Sell Your Aircraft?

List your airplane on AircraftForSale.com and reach qualified buyers.

List Your Aircraft
AircraftForSale Logo | FLYING Logo
Pilot in aircraft
Sign-up for newsletters & special offers!

Get the latest stories & special offers delivered directly to your inbox.

SUBSCRIBE