Embraer to meet 2023 delivery outlook, sees similar growth next year -CEO
By Gabriel Araujo
SAO PAULO (Reuters) — Brazilian planemaker Embraer is confident it will meet its outlook for aircraft deliveries in 2023, seen growing by about a quarter, and expects to be able to maintain that pace next year, Chief Executive Francisco Gomes Neto told Reuters.
He said he hopes Embraer's performance for the fourth quarter — typically one of its busiest periods for deliveries — will help it offset slower activity in early 2023. He noted that Embraer faces ongoing supply chain disruptions related to engines from Pratt & Whitney.
Gomes Neto also described the just-concluded quarter as «good,» saying that volumes were in line with the planemaker's full-year plans. Embraer is set to announce its third quarter results next month.
The Brazilian company, the world's third-largest planemaker after Airbus and Boeing (NYSE:BA), expects deliveries in 2023 to jump as much as 25.8% to 200 jets, considering both its commercial and executive aviation units.
The outlook includes 65 to 70 commercial aircraft deliveries.
«The perspective is that we will reach that guidance we had announced,» Gomes Neto said in an interview on the sidelines of an industry event in Sao Paulo. «Q2 and Q3 were good, which helps, but higher Q4 volumes will have to offset Q1, as we are still struggling a bit with supply chain issues.»
Embraer had delivered 62 jets by the end of the second quarter: 24 commercial and 38 executive jets.
The company is working to better spread out deliveries throughout quarters next year and post another double-digit year-on-year growth, Gomes Neto said, although challenges exist especially when it comes to engine supply.
The executive had previously told Reuters there was a good chance Embraer would deliver 80 or
Read more on investing.com
