Embraer Delivers 34 Jets In Q2, Backlog Increased By 12% Q/Q

Embraer SA ERJ delivered 14 commercial aircraft and 20 executive jets (12 light and eight large), bringing the total to 34 in Q2.
The company's order backlog as of June 30, 2021, totaled $15.9 billion, increasing 12% compared to Q1-end. The backlog includes the 30 E195-E2 aircraft firm orders from Canada's Porter Airlines.
Embraer completed the first conversion of a Legacy 450 to a Praetor 500 jet in Brazil, which was delivered to an undisclosed customer.
During Q2, Helvetic Airways received the first of four new E195-E2 aircraft. Helvetic ordered 12 E-Jets E2s to support its fleet renewal initiative: eight E190-E2s and four E195-E2s. The airline also holds purchase rights for an additional 12 aircraft.
Price Action: ERJ shares are trading higher by 4.09% at $14.50 on the last check Wednesday.