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Embraer's commercial jet deliveries continue to fall

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Embraer's commercial jet deliveries continue to fall

Embraer has witnessed a slip in delivers of commercial planes in the second quarter of 2019.

The Brazil-based planemaker reported that 26 commercial planes were delivered during the period, slightly down from 28 planes in the same period in 2018 and 35 in 2017.

Meanwhile, deliveries of executive jets rose slightly to 22 from 20 planes in the corresponding quarter last year.

As of June 30th, the firm order backlog totalled $16.9 billion compared to $16 billion at the end of the first quarter of 2019.

The planemaker is in the process of finalising the sale of 80% of its commercial jets division, its most profitable, to Boeing for $4.2 billion.

Embraer’s Q2 2019 backlog increase is largely due to continued market demand, mainly for the new family of Praetor jets in executive aviation, the ompany said.

During the period, the firm signed order for 10 E195-E2 jets with Air Peace, Nigeria’s largest airline. The contract includes purchase rights for a further 20 E195E2s. With all purchase rights being exercised, the contract has a value of $2.12 billion.

United Airlines signed a contract for up to 39 E175s, comprising 20 firm aircraft and 19 options. The order has a value of $1.9 billion with all options being exercised. The two new E195-E2s have a value of $141.8 million.

Embraer also announced KLM Cityhopper’s intention to purchase up to 35 E195-E2 jets, consisting of 15 firm orders with purchase rights for a further 20 aircraft of the same model. This intention to purchase, which still requires a Purchase Agreement, has a value of $2.48 billion.

Embraer announced during the Paris Air Show that it signed a contract with Japan’s Fuji Dream Airlines for a firm order of two E175 jets. The order has a value of $97.2 million and was already included in Embraer’s first-quarter 2019 backlog as “undisclosed.”