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

The OEM said it will deliver four aircraft by the end of 2023, while the final aircraft will be delivered in 2024.

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.

In its third-quarter earnings update earlier in November, Embraer said its firm order backlog reached $17.8 billion. For the third quarter, it reported $929 million in third-quarter revenue and told investors that it had delivered 10 commercial jets and 23 executive jets during the period.

CEO Francisco Gomes Neto, however, told investors that while business was strong, supply chain woes continued to impact its output.

As for the recent order, while the OEM didn’t let on who it might be, close to a dozen airlines operate the E195-E2 jet. The largest operators are the Brazilian carrier, Azul, and KLM Cityhopper.

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