Q2 OEM performance – highs, lows and ‘issues’

The ‘big five’ OEMs have now reported their Q2 performance and it is a veritable mixed bag. While Embraer and Bombardier had a good three months, Gulfstream, Textron and Dassault all confirmed that their figures had been negatively impacted by continuing post-Covid supply chain issues as well as the war in Ukraine.

Embraer was the star performer in Q2, delivering 38 executive jets against the 30 it delivered during the same period in 2022. This year’s total comprised three Phenom 100, 25 Phenom 300, six Legacy 500 and seven Legacy 600. As we reported at the time, the Brazilian OEM also recently received an order for up to 250 Praetor 500 from fractional specialist NetJets.

While deliveries for Canadian OEM Bombardier increased slightly over Q2 2022, revenues for the three months jumped by 8% to USD1.7 billion. In terms of deliveries, the company handed over 29 aircraft in Q2 – 15 Challengers and 14 Globals. This compares to 28 in the same period last year, comprising 12 Challengers and 16 Globals. So far this year Bombardier has delivered 15 bizjets – 28 Globals and 23 Challengers – an increase on the 49 handed over in H1 2022)

Gulfstream Aerospace delivered 24 aircraft in Q2 – 18 large cabin Gulfstream and six G280. While this was two aircraft more than it delivered Q2 2022, the Savannah-based firm tempered the good news by lowering expectations for the year. It announced that it expects to miss its annual forecast of 145 deliveries by five or six units due to the continued challenge of supply chain issues in the wake of the pandemic. Nearly 70 deliveries are expected in Q4 with an expected bounce from the anticipated regulatory certification for its G700 twinjet.

Textron Aviation also pointed to ongoing labour and supply chain issues as it reported a fall in Citation bizjet deliveries in Q2. This year it delivered 44 aircraft, against 48 in the same three months last year, but also reported an increase in its turboprop deliveries from 35 to 37. During the investor call, Textron CEO Scott Donnelly confirmed that, like Gulfstream, it would not meet its 2023 delivery target because some of the 200 units would be delayed into 2024 because of supply chain issues.

Dassault Aviation reports its figures on a six-monthly basis and confirmed, on a positive note, that it expects to meet its forecast tally of 35 Falcons for the whole year. But the French manufacturer delivered only nine Falcons in H1 of this year, compared to 14 in the same period in 2022. Worryingly, the company also announced just 12 orders for Falcons in the first six months of the year, a substantial drop from the 41 orders it received in H1 last year.

Share this story

Follow us