Embraer reports it delivered 24 executive jets in Q3

Embraer has reported its  Embraer Executive Jets division delivered 24 executive (17 light and seven large) jets in the third quarter (Q3) of this year – compared to 20 executive (13 light and 7 large) jets in the third quarter last year.

And the Brazilian aircraft manufacturer said this week it will meet the lower end of its aircraft delivery estimate this year of 105 units.

To date, Embraer Executive Jets has delivered 55 aircraft, and to hit its target it will have to deliver 50 aircraft in the fourth quarter—the exact number it shipped in the final quarter of last year.

Embraer’s business jet shipments in the first nine months lag the year-ago period by four aircraft, as deliveries of large jets fell from 19 last year to 15 this year. Phenom shipments totaled 40 for each of the comparative nine months.

Q3 revenues at its business jet segment increased by $95.5 million year-over-year, to $312 million, boosted by a pick-up in deliveries from 20 to 24 aircraft in the comparative quarters.

The company surprised the market in October by unveiling two new models – the Praetor 500 and 600 (pictured above)