Embraer has reported a record order backlog of $32.1 billion for the first quarter of 2026, a 22% increase year-over-year and the sixth consecutive record. The Brazilian manufacturer delivered 44 aircraft during the period, up 47% from 30 a year earlier, supported by improved industrial stability. These deliveries represent approximately 16% of the midpoint of Embraer's annual guidance of 240–255 commercial and business jets, four percentage points above the historical average of 12% for the first quarter. The surge in the commercial aviation backlog—up 50%—is largely attributed to a landmark agreement with Finnair signed on March 23, 2026, covering up to 46 E195-E2 aircraft. The deal includes 18 firm orders, 16 options, and 12 purchase rights, all added to the Q1 backlog. Configured with 134 seats and no middle seats, the aircraft are scheduled for delivery starting in the second half of 2027. Finnair plans to use the E195-E2 to modernize its short-haul fleet, currently dominated by Airbus A320 family aircraft. Christine Rovelli, Finnair's Chief Revenue Officer, stated that the aircraft will enhance reliability and provide greater fleet flexibility. Embraer markets the E195-E2 as the quietest single-aisle aircraft, which should help Finnair reduce unit costs and noise footprint at constrained Nordic airports. Beyond Finnair, the E-Jet E2 family is gaining traction in fleet renewal campaigns, offering an alternative to the A320neo/Boeing 737 MAX duopoly. In Q1, Embraer delivered 10 commercial jets, including E175s to Republic Airlines (three), American Airlines (two), and SkyWest (one), as well as E190-E2s to Azorra and E195-E2s to Luxair (two) and AerCap (one). The E195-E2's operator base is expanding in Europe, with Luxair and soon Finnair, following success with Porter Airlines in Canada and carriers in Latin America and Asia. For regional and hybrid airlines, the aircraft offers a balance of capacity, range, and cost, positioning it as a complement rather than a direct competitor to larger narrowbodies. In North America, the E175 remains the backbone of the regional segment, supported by scope clauses in pilot contracts that limit seat counts and takeoff weights. American Airlines is Embraer's largest customer for the E175, with 78 units on order and 126 already delivered. These aircraft, operated by American's regional partners, maintain high frequencies on secondary markets where larger aircraft would be uneconomical. The resilience of the E175 backlog is notable, especially as Embraer has yet to launch a certifiable E175-E2 under current US regulations. With 44 deliveries in Q1, Embraer is on track to meet its 2026 target of 80–85 commercial jets. The challenge ahead is to ramp up industrial capacity to absorb the growing backlog, particularly for the E195-E2, while maintaining quality and delivery schedules amid a fragile global aerospace supply chain.