iscover
Warning: Attempt to read property "name" on false in /data/www/upgrade/australianaviation.com.au/httpdocs/wp-content/plugins/momentummedia-article-gate/includes/class-momentummedia-article-gate.php on line 169
Warning: Undefined array key "image-size-770" in /data/www/upgrade/australianaviation.com.au/httpdocs/wp-content/themes/australianaviation/functions.php on line 1310
Warning: Trying to access array offset on null in /data/www/upgrade/australianaviation.com.au/httpdocs/wp-content/themes/australianaviation/functions.php on line 1310
Embraer’s firm order backlog has fallen to its lowest level in six years as the world’s third largest planemaker struggles against economic woes in Europe and North America.
In a securities filing this week, the Brazilian company said its backlog stood at US$12.9 billion at the end of June, down from $14.7 bn after the first quarter of the year.
This content is available exclusively to Australian Aviation members.
A monthly membership is only $5.99 or save with our annual plans.
- Australian Aviation quarterly print & digital magazines
- Access to In Focus reports every month on our website
- Unlimited access to all Australian Aviation digital content
- Access to the Australian Aviation app
- Australian Aviation quarterly print & digital magazines
- Access to In Focus reports every month on our website
- Access to our Behind the Lens photo galleries and other exclusive content
- Daily news updates via our email bulletin
- Unlimited access to all Australian Aviation digital content
- Access to the Australian Aviation app
- Australian Aviation quarterly print & digital magazines
- Access to In Focus reports every month on our website
- Access to our Behind the Lens photo galleries and other exclusive content
- Daily news updates via our email bulletin
The drop in unfilled orders came as Embraer stepped up deliveries – handing over 35 commercial airliners and 20 executive jets during the second quarter compared to 21 and 13 aircraft during the first quarter. But the sagging backlog also reflected concerns about demand for regional jets in the US and Europe, which together make up more than 60 per cent of Embraer’s market in the 120-seat and under segment.
Larger rivals Boeing and Airbus, in contrast, have seen their order books soar in recent years despite economic troubles, as airlines rush to update their fleets with more fuel efficient aircraft.
