Embraer is expecting a flat market for new business jets this year, the company said today during its fourth-quarter 2017 investor conference call. The Brazilian aircraft manufacturer’s business jet shipment estimates for 2018 exactly mirror those it gave for last year: 70 to 80 light jets and 35 to 45 large jets.

Last year, Embraer delivered 109 business jets—within its “outlook ranges,” but eight aircraft fewer than in 2016. Last year’s total included 72 light jets (18 Phenom 100s, 54 Phenom 300s) and 37 large jets (14 Legacy 450s, 15 Legacy 500s, seven Legacy 650s, one Lineage 1000) versus 2016's 73 Phenoms (ten 100s, sixty-three 300s) and 44 Legacy/Lineages (twelve 450s, twenty-one 500s, nine 650s, two 1000s).

The company said its 2017 business jet revenues, which totaled $1.485 billion, missed its estimates due to an “unfavorable mix” of aircraft deliveries. Embraer expects its executive jet division to post revenues of $1.35 billion to $1.50 billion this year.

As of December 31, Embraer’s backlog for both executive and commercial aircraft stood at $18.3 billion, down from $19.6 billion a year earlier.