Embraer’s Executive Aviation division was a primary contributor to positive year-end and fourth-quarter results announced today by the company. The Brazilian aerospace and defense group delivered 130 Phenom and Praetor business jets last year, accounting for almost two-thirds of total deliveries, which also included 73 airliners and three of the C-390 Millennium multi-role military aircraft. Deliveries could rise by about 20% this year, with the company projecting shipments of 145 to 155 business jets and 77 to 85 airliners in 2025.
Group-wide revenues for the full 12-month period reached $6.395 billion, which was 21% up from 2023 and close to the very top of Embraer’s earlier guidance for 2024. Revenues in the Executive Aviation division increased at a slightly higher rate of 25% to $1.763 billion, and the business unit was the second-largest contributor to adjusted earnings, accounting for $206 million out of the $708 million total.
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