Embraer Bizjet Sales Surge in 2019, Deliveries Continue
Embraer Executive Jets revenues jumped 26.5 percent last year, but the company is withholding guidance for 2020 as it faces uncertainty surrounding Covid.
Embraer has reported solid business jet sales and deliveries in 2019, thanks in part to its new super-midsize Praetor 600, and is seeing continued orders and deliveries despite the Covid-19 crisis. (Photo: Embraer)
Embraer has reported solid business jet sales and deliveries in 2019, thanks in part to its new super-midsize Praetor 600, and is seeing continued orders and deliveries despite the Covid-19 crisis. (Photo: Embraer)

Embraer had a strong sales year in its executive jets division but a $71.6 fourth-quarter impairment charge in the unit and charges associated with the Boeing joint venture helped contribute to a company-wide net loss of $322.3 million in 2019, company executives reported Thursday. This comes despite a leap in revenues from $5.07 billion in 2018 to $5.46 billion last year. Embraer Executive Jets was a strong contributor to this jump, experiencing a 26.5 percent increase on the year.


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