Steady as she goes for major OEMs in Q1

Each of the ‘big four’ OEMs that produce Q1 figures have posted comparatively stable delivery numbers but have also reported encouraging orders and some revenue increases.

Embraer Executive Jets delivered eight aircraft in Q1 2023, the same number as Q1 2022. This year’s tally comprised six Phenoms and two larger Praetor twinjets. The Brazilian OEM also reported an increase in its customer order backlog, which is now valued at USD4.1 billion, an increase of USD200 million on 2022 and up from USD2.9 billion at the end of 2021. However, Q1 revenues fell by 3% year-on-year to USD87.1 million.

Gulfstream Aerospace delivered 21 bizjets in Q1, four fewer than Q1 2022 and three short of its own estimate. The fall was attributed to engine supply chain issues and registration delays on one large cabin aircraft. The total comprised four G280 and 17 G500/G600 and G650 aircraft. Despite the drop in deliveries, YoY revenues were just USD11 million lower for the quarter and the OEM still expects to deliver 145 aircraft by year end.

Canada’s Bombardier delivered 22 jets in Q1, an increase of one on Q1 2022, and said it expected to achieve its target of 138 deliveries this year. The Q1 total was comprised of eight Challengers and 14 Globals. The OEM also recorded a 17.5% increase in revenues to USD1.5 billion and posted its first net profit – USD113 million – since 2018.

Textron, the US-based manufacturer of the Beechcraft, Cessna and Hawker brands, delivered 34 turboprops in Q1, compared to 31 in Q1 last year, while jet deliveries fell from 39 to 35 in the same period. Revenues, however, grew by 10.5% to USD1.1 billion.

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