Finance, Taxes, Insurance
Business Jets Drive Strong Q1 Revenues at Embraer
The cost of production rate increases dragged on earnings for the Brazilian group
Embraer Praetor 500 jet
Embraer expects to deliver more of its Praetor executive jets, as well as other aircraft, during the rest of 2024.

Embraer’s Executive Aviation division was a strong contributor to growing first-quarter revenues announced by the Brazilian aerospace group on Tuesday. The $897 million in revenues for the first three months of 2024 represented a 25% year-over-year increase, with business jet deliveries standing out as the best rate for the past eight years.

During the first quarter, the company delivered 18 executive aircraft and seven airliners, representing an increase of 67% over the same period last year. Nonetheless, group earnings were 4.4% down on the first quarter of 2023 at $6.8 million.