During 4Q18, Embraer delivered 33 commercial and 36 executive aircraft (24 light jets and 12 large jets), for a total of 90 commercial and 91 executive aircraft (64 light and 27 large) delivered in 2018. Deliveries of commercial jets were within the company’s stated guidance range of 85 to 95 deliveries for 2018, while executive jet deliveries were below guidance of 105 to 125 total jet deliveries for the year. Embraer states that global market conditions for executive jets, although gradually improving, continued to recover more slowly than expected. In addition, Embraer’s increased focus on improving profitability and price preservation,

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