Embraer’s 12 executive jets delivered in the first quarter were below analyst expectations and foreshadows what is expected to be another sluggish quarter for the light end of the business jet market. Embraer delivered 29 commercial and business aircraft in the first quarter, and increased its backlog by $800 million to $13.3 billion. Of the 12 business aircraft delivered, eight were Phenoms (five 100s and three 300s) and four were Legacy 650s. This missed expectations by seven ...


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