Embraer expects to achieve a commercial aircraft book-to-bill ratio of a little more than one this year, reflecting solid demand from an airline market that continues to show definitive signs of a sustained, if not robust, recovery. During the company’s third-quarter earnings call in late October, company CEO Frederico Curado said Embraer would deliver at least 20 more commercial airplanes by year-end, after shipping 70 through the first nine months. Meanwhile, firm orders for 37 new E-Jets at July’s Farnborough airshow and a recently converted firm order for 15 E190s from Steven Udvar Hazy’s Air Lease Corp. helped raise the value of the company’s order backlog for the first time in two years, to $15.3 billion.
“Our initial forecast was to deliver 90 [commercial] jets; we’re probably going to surpass that by maybe a handful–five or more jets,” said Curado. “That will help us get to the $5.25 billion [in projected] revenue [this year]. So basically the increasing revenues will come from the airline market.”
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