Embraer Reports 55 Jet Deliveries in Fourth Quarter, 141 for the Year

During Q4, Embraer and NetJets Inc. signed an agreement for up to 100 Phenom 300 jets. [Courtesy: Embraer]

Embraer said it delivered 55 jets during the fourth quarter of 2021, including 39 business jets and 16 commercial models. Deliveries for the year totaled 141, of which 93 were business jets and 48 were commercial aircraft.

During the fourth quarter, Embraer and NetJets Inc. entered an agreement for up to 100 Phenom 300 jets amounting to more than $1.2 billion. Under the agreement, NetJets will take delivery of the Phenom 300E model in the second quarter of 2023.

In the commercial segment, the company said it entered an agreement with Azorra, an aircraft leasing and management concern, to acquire 20 aircraft from its E2 family, which includes the E190-E2 and E195-E2 jets. The transaction includes an additional 30 purchase rights and is valued at $3.9 billion, Embraer said.

The company said it also received three firm orders and three purchase rights for its E175 jet from Nigeria-based Overland Airways. Deliveries of the 88-seat aircraft will begin next year, and that the transaction is worth up to $299.4 million. Embraer said it completed a purchase agreement for three 76-seat E175 aircraft with American Airlines, with a value of $160.2 million.  

In 2020, the company reported deliveries of 71 aircraft in the fourth quarter and 130 for the year. 

Jonathan Welsh is a private pilot who worked as a reporter, editor and columnist with the Wall Street Journal for 21 years, mostly covering the auto industry. His passion for aviation began in childhood with balsa-wood gliders his aunt would buy for him at the corner store. Follow Jonathan on Twitter @JonathanWelsh4

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