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Embraer to deliver five to 10 E190-E2s this year

Embraer expects to deliver between five and 10 E190-E2s in 2018, refining its delivery target for the recently certified aircraft.

The manufacturer had earlier said that E190-E2s will form about 10% of its expected commercial aircraft deliveries this year.

Entry into service of the E190-E2 is scheduled for April, with Norwegian regional carrier Wideroe. The airframer secured certification for the aircraft in late February from the US Federal Aviation Administration, European Aviation Safety Agency and Brazil's civil aviation authority ANAC.

Embraer expects to deliver 85 to 95 commercial aircraft in 2018, down from the 101 commercial aircraft it handed over in 2017, due to the transition to the E2 family.

"Deliveries of the E175 model are likely to continue to represent the vast majority of 2018 deliveries, and the E190-E2 should represent between five and ten deliveries during the year," it says.

In the executive jet segment, the company forecasts that deliveries will be in line with that of 2017, in a range of between 105 to 120 business jets. Embraer handed over 109 executive jets in 2017.

Revenue for 2018 is estimated to be between $5.4 to $5.9 billion, of which $2.3 to $2.45 billion will be contributed by the commercial aviation portfolio. Embraer expects an operating profit of between $270 to $355 million, and an operating margin of between 5-6% for 2018, largely due to lower commercial aircraft deliveries and the ramp-up of the E190-E2 and the KC-390.

The airframer reported operating profit of $329 million in 2017, and an operating margin of 5.6%.

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