EMBRAER S 2008 DELIVERIES REACH 145 JETS AFTER THREE QUARTERS Company stabilizes its production cadence and confirms estimated schedule for 2008

Transcription

1 EMBRAER S 2008 DELIVERIES REACH 145 JETS AFTER THREE QUARTERS Company stabilizes its production cadence and confirms estimated schedule for 2008 São José dos Campos, October 10, 2008 Embraer released the figures on its aircraft deliveries and order book, today, updated to the end of the third quarter of 2008 (3Q08). Based on the first three quarters of 2008, when it delivered 45, 52, and 48 jets, respectively, Embraer shows a steadier production process, which represents a 34% increase over the same period in 2007 (when the Company delivered 108 jets). Therefore, Embraer reaffirms its estimate of delivering 195 to 200 aircraft in 2008, plus ten to 15 Phenom 100s. In 3Q08, Embraer delivered 37 jets to the commercial aviation market, nine executive jets, and two aircraft to the defense segment and government segment, as detailed in the following table: Deliveries by Segment 3rd quarter Commercial Aviation ERJ EMBRAER EMBRAER EMBRAER (1) EMBRAER Executive Aviation 9 25 Legacy Defense and Government 2 2 Legacy ERJ TOTAL Deliveries identified by parentheses were aircraft delivered under operating leases

2 The Company s firm order backlog came to US$ 21.6 billion in 3Q08, an increase of 4.3 per cent over the previous quarter. On September 30, 2008, Embraer s order book for Commercial Aviation, according to product, stood as follows: Aircraft Type ERJ 145 Family Firm Orders Options Deliveries Firm Order Backlog ERJ ERJ ERJ Total - ERJ 145 Family EMBRAER 170/190 Family EMBRAER EMBRAER EMBRAER EMBRAER Total - EMBRAER 170/190 Family TOTAL 1, , Note: Deliveries and firm order backlog include orders for the Defense and Government segment placed by State-run airlines (Satena and TAME). In the third quarter, Embraer announced 13 new commercial aircraft sales, including twelve EMBRAER 190s (five to China s Kun Peng, five to Austria s NIKI, and two to LAN, of Mozambique), and one EMBRAER 195 to Montenegro Airlines. Moreover, Embraer unveiled 17 EMBRAER 190 sales that were included in the backlog as undisclosed customer : 12 for Aeroméxico and another five to NAS Aviation. The list of new operators was joined by China s Kun Peng, TACA Airlines from El Salvador, Petroecuador, and Virgin Nigeria. Furthermore, in line with contract clauses, US Airways did not confirm five firm orders, which then became purchase options. Three ERJ 145 aircraft were not delivered to Grand China Express, a company of the HNA Group from China, due to a reduction in the growth of its fleet, and new delivery dates and quantities are now being negotiated. The flow of deliveries for EMBRAER 190 aircraft to the same customer continues unaltered.

3 New executive jet orders in the period included two Legacy 600s to K2 SmartJets, one Lineage 1000 to Royal Jet (representing the Al Habtoor Group, from the United Arab Emirates), and three Phenom 300s to Ireland s JetBird. The number of firm orders for the Phenom family surpassed 800 aircraft, and the Phenom 100 continues on schedule with its program for being certified in the fourth quarter of In the Defense and Government segment, Embraer announced contracts for three EMB 145 AEW&C (Airborne Early Warning and Control) jets for the Indian Government, and 12 Super Tucano aircraft to the Chilean Air Force. The Company s progress in implementing lean manufacturing processes throughout all of its divisions continues to contribute towards establishing a more constant production cadence and meeting delivery commitments, making it possible to keep aircraft coming off the line and to achieve more solid financial planning and a more stable cash flow. Embraer Image Gallery Visit the Embraer Image Gallery at Note to Editors Embraer (Empresa Brasileira de Aeronáutica S.A. - NYSE: ERJ; Bovespa: EMBR3) is the world s largest manufacturer of commercial jets up to 120 seats, and one of Brazil s leading exporters. Embraer s headquarters are located in São José dos Campos, São Paulo, and it has offices, industrial operations and customer service facilities in Brazil, the United States, France, Portugal, China and Singapore. Founded in 1969, the Company designs, develops, manufactures and sells aircraft for the Commercial Aviation, Executive Aviation, and Defense and Government segments. The Company also provides after sales support and services to customers worldwide. On September 30, 2008, Embraer had a workforce of 23,745 employees and a firm order backlog of US$ 21.6 billion. This document may contain projections, statements and estimates regarding circumstances or events yet to take place. Those projections and estimates are based largely on current expectations, forecasts on future events and financial tendencies that affect Embraer s businesses. Those estimates are subject to risks, uncertainties and suppositions that include, among others:

4 general economic, political and trade conditions in Brazil and in those markets where Embraer does business; expectations on industry trends; the Company s investment plans; its capacity to develop and deliver products on the dates previously agreed upon, and existing and future governmental regulations. The words believe, may, is able, will be able, intend, continue, anticipate, expect and other similar terms are supposed to identify potentialities. Embraer does not feel compelled to publish updates nor to revise any estimates due to new information, future events or any other facts. In view of the inherent risks and uncertainties, such estimates, events and circumstances may not take place. The actual results can therefore differ substantially from those previously published as Embraer expectations.

5 ERJ American Eagle (USA) British Midland (UK) City Airline AB (Sweden) ExpressJet (USA) Flandre Air (France) Jet Magic (Ireland) Luxair (Luxembourg) Pan Européenne (France) Proteus (France) Regional Airlines (France) Republic Airways (USA) South Africa Airlink (South Africa) ERJ American Eagle (USA) Republic Airways (USA) ERJ Aerolitoral (Mexico) Air Caraibes (Guadeloupe) Alitalia (Italy) American Eagle (USA) Axon (Greece) British Midland (UK) British Regional Airlines (UK) Brymon (UK) China Southern (China) China Eastern Jiangsu (China) China Eastern Wuhan (China) Cirrus (Germany) ExpressJet (USA) ERA (Spain) Flandre Air (France) GECAS (PB Air - Thailand) Hainan (China) KLM EXEL (Holand) Lot Polish (Poland) Luxair (Luxembourg) Mesa (USA) Nigéria (Nigeria) Portugalia (Portugal) Proteus (France) Regional (France) Republic Airways (USA) Rheintalflug (Austria) Rio Sul (Brazil) Satena (Colombia) Sichuan (China) Skyways (Sweden) Swiss (Switzerland) Transtates (USA)

6 Embraer Alitalia (Italy) Cirrus (Germany) ECC (Ireland) (1) Egypt Air (Egypt) ETA Star Aviation (India) 7-7 Finnair (Finland) Gecas (USA) JAL (Japan) Jetscape (USA) 1-1 Lot Polish (Poland) Paramount (India) Regional (France) Republic Airlines (USA) Satena (Colombia) Saudi Arabian Airlines (Saudi Arabia) Sirte Oil (Libya) South Africa Airlink (South Africa) 2-2 Suzuyo (Japan) 2-2 TAME (Ecuador) US Airways (USA) Virgin Blue (Australia) Virgin Nigeria (Niger) 7-7 Undsclosed (1) Aircraft delivered by ECC Leasing: one to Cirrus, two to Paramount and one to Satena Embraer Air Canada (Canada) Air Caraibes (Guadeloupe) (2) Gecas (USA) Lot Polish (Poland) Northwest (USA) Republic Airlines (USA) Royal Jordanian (Jordan) TRIP (Brazil) 5-5 (2) Aircraft delivered by ECC Leasing: one to Air Caraibes

7 Embraer Aero Republica (Colombia) Aeromexico (Mexico) Air Canada (Canada) Air Caraibes (Guadeloupe) Air Moldova (Moldova) 1-1 Azul (Brazil) 5-5 Copa (Panama) Finnair (Finland) Gecas (USA) Hainan (China) JetBlue (USA) JetBlue (USA) Pré-Série 002 (Leasing ECC) Jetscape (USA) 9-9 KLM (Holand) Kun Peng (China) LAM (Republic of Mozambique) 2-2 Lufthansa (Germany) M1 Travel (Lebanon) NAS Air (Saudi Arabia) Niki (Austria) 5-5 Regional (France) Taca (El Salvador) TAME (Ecuador) US Airways (USA) Virgin Blue (Australia) Virgin Nigeria (Nigeria) Undisclosed 4-4 Embraer Alpi Eagles (Italy) Azul (Brazil) BRA (Brazil) Flybe (UK) Gecas (USA) Royal Jordanian (Jordan) Lufthansa (Germany) Montenegro (Republic of Montenegro) 1-1 Universal Airlines (Spain) Undisclosed 6-6