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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]
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Key Takeaways:

  • Embraer secured a new firm order for five E195-E2 aircraft, valued at $389.4 million, with deliveries expected by the end of 2024.
  • This order adds to Embraer's substantial $17.8 billion firm order backlog, despite the company's Q3 revenue dip and ongoing supply chain issues impacting output.
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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.

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