Embraer (NYSE: ERJ) trims Azul E195-E2 aircraft order amid Chapter 11
Rhea-AI Filing Summary
Embraer S.A. reports that it has renegotiated its commercial agreement with airline Azul Linhas Aéreas Brasileiras S.A. for E195-E2 aircraft. The original firm order, placed between 2014 and 2018 for a total of 51 E195-E2 jets, has been amended to 25 aircraft. This significantly reduces the number of planes Azul is contractually committed to take from Embraer.
The change is part of Azul’s restructuring plan, which is being discussed in a Chapter 11 process before the United States Bankruptcy Court for the Southern District of New York. The renegotiated agreement was ratified by the Court at a hearing on December 18, 2025, and the related court order was published on December 22, 2025.
Positive
- None.
Negative
- Significant reduction in firm orders from a key customer: Azul’s E195-E2 firm orders are cut from 51 to 25 aircraft as part of its Chapter 11 restructuring, lowering Embraer’s contracted backlog and expected future deliveries under this agreement.
Insights
Embraer discloses a court‑approved cut in Azul’s E195-E2 firm orders.
The company states that its long-standing firm order with Azul for E195-E2 aircraft has been amended from 51 to 25 jets. This represents a substantial reduction in contracted backlog tied to a single customer, which can affect expected future deliveries and associated revenue from this specific program, though no financial quantification is provided here.
The filing links the renegotiation directly to Azul’s restructuring under a Chapter 11 process in the United States. Because the agreement has been ratified by the Bankruptcy Court, it provides greater certainty around Azul’s revised commitments, but also confirms that Embraer will deliver fewer aircraft than originally planned. Future disclosures in company communications or periodic reports would be needed to show how this contract change fits within Embraer’s broader backlog and production planning.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 6-K
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Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of December 2025
Commission File Number: 001-15102
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Embraer S.A.
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Avenida Dra. Ruth Cardoso, 8501,
30th floor (part), Pinheiros, São Paulo, SP, 05425-070, Brazil
(Address of principal executive offices)
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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
EMBRAER S.A.
Publicly Held Company
CNPJ/MF: 07.689.002/0001-89
NIRE: 35.300.325.761
NOTICE TO THE MARKET
EMBRAER S.A. (“Company”) (B3: EMBJ3; NYSE: EMBJ), with reference to the notice to the market disclosed on July 15, 2014, March 9, 2017, July 17, 2018, and December 19, 2018, informs its shareholders and the market in general that, on November 26, 2025, it executed an agreement with Azul Linhas Aéreas Brasileiras S.A. (“Azul”), through which they renegotiated the instruments originally executed under the firm order for a total of 51 E195-E2 aircraft, placed between 2014 and 2018. Among other terms and conditions, the parties agreed to amend the firm orders from 51 to 25 aircraft.
The renegotiation takes place amid Azul’s restructuring plan, which is being discussed in the context of the Chapter 11 process pending before the United States Bankruptcy Court of the Southern District of New York (“Court”). The agreement was ratified by the Court at a hearing held on December 18, 2025, and the court order was published on December 22, 2025.
If you have any questions, please contact the Company’s Investor Relations team through the following channels: website (https://ri.embraer.com.br/outras-informacoes/fale-com-ri/) or email (investor.relations@embraer.com.br).
São José dos Campos, December 23, 2025.
Antonio Carlos Garcia
Executive Vice President, Financial & Investor Relations
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: December 23, 2025
| Embraer S.A. | ||||
| By: |
/s/ Antonio Carlos Garcia | |||
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Name: |
Antonio Carlos Garcia | |||
| Title: | Executive Vice President of Finance and Investor Relations | |||
FAQ
What did Embraer S.A. (ERJ) announce regarding its aircraft orders with Azul?
Why were Embraer’s E195-E2 orders with Azul reduced from 51 to 25 aircraft?
Has the new Embraer–Azul aircraft agreement been approved by a court?
What aircraft model is involved in Embraer’s renegotiated contract with Azul?
How can investors contact Embraer S.A. (ERJ) for more information about this notice?
