Business Context and Reporting Period
This Form 6-K filing by Embraer S.A. covers the month of October 2013. The report details a new firm order for commercial aircraft announced at the European Regions Airline Association (ERA) annual general meeting in Salzburg, Austria.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity for the reporting period. The document focuses on a specific transaction rather than comprehensive financial statements.
- New Order: One E195 jet aircraft.
- Customer: Aurigny Air Services (Guernsey-based regional carrier).
- Backlog Impact: The order will be included in Embraer's 2013 third-quarter backlog.
- Delivery Schedule: First semester of 2014.
Material Changes and Operational Highlights
The primary material change is the addition of a firm order to the backlog. This transaction marks the first jet aircraft to be added to Aurigny Air Services' fleet, replacing turboprops on its principal route between London Gatwick and Guernsey. The airline intends to increase daily frequencies from six to eight flights.
Broader operational context provided in the filing includes:
- The E-Jets family has received more than 1,300 orders since entering revenue service in 2004.
- Embraer recently delivered its 1,000th production aircraft to Republic Airways.
- The E-Jets fleet is currently operated by 64 airlines in 45 countries, with over 10 million accumulated flight hours.
Guidance, Outlook, and Risks
Management commentary highlights the E195 as an ideal aircraft for high-volume, high-frequency markets due to low operating costs and high reliability. The filing includes a standard disclaimer regarding forward-looking statements, noting that projections are subject to risks including general economic, political, and trade conditions in Brazil and global markets, as well as the company's capacity to deliver products on agreed dates.
Investor Verification Checklist
- Verify the total value of the Aurigny order in Embraer's subsequent quarterly financial reports.
- Confirm the inclusion of this order in the official 2013 third-quarter backlog figures.
- Monitor the delivery timeline for the first semester of 2014 as scheduled.
- Review the impact of this order on the overall E-Jets family order book relative to the 1,300+ orders cited.