Brazil’s Embraer Plans to Double its Revenue in the Next Two Years

Embraer has announced its upcoming period of growth, with plans to more than double its revenue in the next two years. The announcement took place during an Embraer Media Day at the OGMA facility in Lisbon.

The Brazilian OEM’s “FIT4GROWTH” scheme was among the hot topics discussed by Embraer’s senior leadership and included key highlights from commercial aviation as well as other divisions.

In his opening speech, Francisco Gomes Neto, the CEO of Embraer SA, celebrated Embraer’s recovery post-covid following the completion of its business turnaround in 2022, with revenue increasing by 19% compared to Q1 2022 and a firm order backlog of $17.4bn in Q1 2023.

“From 2023 onwards will be a growth period to capture Embraer’s full potential,” said Gomes Neto. Embraer’s strategy will focus on key pillars, including optimising enterprise efficiency, innovation and ESG drivers for a sustainable future. The OEM expects to reach US$8bn by 2027, excluding its Eve start-up.

Later, Arjan Meijer, President and CEO of Embraer Commercial Aviation, shared highlights from the commercial aviation division, namely its successful airline deliveries. Embraer delivered 30 aircraft in Q4 2022 and seven in Q1 2023, with Q2 results yet to be announced.

In the last two weeks alone, Embraer delivered 10 E195-E2 jets to Malaysian airline SKS Airways, nine E190-E2 jets to Singapore Airlines’ subsidiary Scoot, as well as four E190-E2 and four E195-E2 aircraft to Royal Jordanian Airlines in collaboration with Azorra.

Meijer continued to speak about the OEM’s plans for its next-generation turboprop, which halted development in December 2022 due to inadequate engine technology at present.

“When we paused the programme a few months ago,” said Meijer, “there were quite some airlines that were disappointed with that decision… We have been very clear with the market that we will only launch this product if we can get the [best] performance, cost, reliability and fuel burn.”

Meijer continued to report on the next-gen turboprop but had no further news, other than suggesting the launch date will be pushed from 2028 to sometime in the 2030s.

“We are keeping the turboprop on our radar, but we were looking at a 2028 entry into service, and that’s definitely going to slide,” he finished.

Amid the current engine crisis with partner Pratt & Whitney, Embraer remains loyal to its engine providers despite ongoing issues with defective engines and in-service support for P&W’s GTF engines.

“Pratt and Whitney are working very hard for medium- to long-term solutions for the industry. But they are also working to make short-term interventions to help our customers resolve current issues they have,” explained Gomes Neto.

“We are working with both for the customers, but we need to make sure that the issues are minimised,” he continued. “We have full support of them, and we are also supporting our customers.”