Embraer Expects To Deliver Up To 22 Percent More Bizjets in 2013
Embraer released its 2013 outlook yesterday, forecasting delivery of between 105 and 120 business jets this year, up from 99 last year. The forecast is for delivery of up to 90 light and 30 large-cabin business jets, compared with 77 and 22, respectively, last year. The company’s executive aviation segment is expected to contribute 25 percent of Embraer’s revenues this year. Total 2013 revenues, including commercial aviation, are expected to reach between $5.9 billion and $6.4 billion.