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Embraer saw revenues drop 26 percent in the first quarter as deliveries of its executive jets dipped and the company encountered almost a month of production shutdown while it reintegrated its commercial aviation business. However, continued strong sales helped push up backlog by $300 million in the quarter, to $17.3 billion, marking the Brazilian airframer’s strongest order book since the second quarter of 2018, Embraer reported on Thursday. Backlog further is up from $14.2 billion a year ago.

Embraer delivered 14 airplanes in the quarter—eight business jets (six light and two midsize jets) and six commercial aircraft. Business jet deliveries were off by a total of five units from the 13 delivered in first-quarter 2021. Even so, Embraer’s book-to-bill ratio for its executive jets came in at an industry high of 2.5:1, and the manufacturer reported continued growth in the light and midsize business jet segments.

https://www.ainonline.com/aviation-n...-revenues-drop