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Late surge helps Embraer post banner year for jet sales

Embraer released its annual report this week, showing substantial increases in the number of aircraft the company delivered and the amount of money it earned. The final quarter especially helped raise its numbers for the year. The Brazilian aircraft maker reported delivered 159 jets in 2022, up 12.7% from the year before, despite supply-chain issues. Of those planes delivered, 102 were business jets, 66 light and 36 mid-sized. Of all of the aircraft deliveries, 80 of them took place (nearly half of the yearly output) in the fourth quarter. Its order backlog increased by $500 million at year's end, to stand at $17.5 billion. Overall revenue for Embraer reached $2 billion for the fourth quarter, up 53% from the previous year. The company expects to deliver between 120 and 130 business jets in 2023. Last month, GAMA announced that Embraer's 300 series was the world's best-selling light jet for the 11th consecutive year. There were 59 deliveries for the light jet in 2022, bringing its total to 700 deliveries to date. Embrarer's delivery of 102 business jets in 2022 made up 14.3% of the 712 delivered back all manufacturers worldwide last year, according to GAMA's numbers.RELATED ARTICLES:Embraer's 300 series is world's best-selling light jet for 11th consecutive year Business jet deliveries stabilize in 2022Dassault reveals record orders, backlog in yearly report
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