Embraer is projecting its business jet deliveries this year will remain largely on par with, if not down slightly from, the 2016 results, falling in a range of between 105 and 125 for the year. The company delivered 117 business jets in 2016, down from 120 in 2015. But the mix in 2016 weighed more heavily toward larger jets, thanks to a ramp-up in Legacy 450 and 500 deliveries. Phenom deliveries in 2016 slid by nine units, to 73. But the company delivered 44 large jets last year, compared with 38 a year before. As a result, revenues for the year were up $12 million, to $1.73 billion.

For this year the company is projecting deliveries for it light jets will fall in the 70- to 80-unit range, while large business jets will come in between 35 and 45. Revenues, meanwhile, are expected in a similar range, between $1.6 billion and $1.75 billion for the year, the company said.

The company expects the total market for new aircraft will remain flat, with the U.S. continuing to be the “most important region, as emerging markets continue to exhibit relatively stagnant market conditions.” The used market continues to affect executive jet demand, Embraer added. Having said that, the company said, it is “cautiously optimistic.” The company added it is continuing to improve profitability through cost-cutting.