May 12, 2020 / 11:24 AM / 22 days ago

Embraer blames failed Boeing deal for sharp drop in commercial jet deliveries

SAO PAULO, May 12 (Reuters) - Brazil planemaker Embraer said Tuesday it delivered just five commercial jets in the first quarter, less than half what it delivered a year ago, blaming the slump on its preparations for a deal with Boeing Co that ultimately fell apart.

The company said its backlog, a gauge of future revenue, stood at $15.9 billion, compared with $16.8 billion three months ago. (Reporting by Marcelo Rochabrun, editing by Louise Heavens)

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