EXHIBIT 99.1
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news release
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EMBRAER REPORTS FIRST QUARTER DELIVERIES AND TOTAL COMPANY BACKLOG
Sao Jose dos Campos, April 23, 2003 - Embraer (Bovespa: EMBR3 and EMBR4; NYSE:
ERJ) today announced the first quarter 2003 jet deliveries and backlog for its
Airline, Corporate Jet & Governmental Transportation markets.
The deliveries by segment were as follows:
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Deliveries by Segment 1st Quarter 2003
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Airline Market
ERJ 135 3
ERJ 140 4
ERJ 145 15
Total Airline Market 22
Corporate Jet Market
Legacy Executive -
Legacy Shuttle 1
Total Corporate Jet Market 1
Defense (*)
Legacy Executive -
EMB135 / 145 -
Total Defense -
Total 23
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(*) Includes only deliveries for governmental transportation.
Embraer's firm order backlog as of March 31, 2003 was US$ 7.9 billion. As of the
same date, backlog including options reached US$ 19.2 billion.
The above-mentioned backlog does not include the sales already announced to Jet
Airways and LOT.
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On April 18th the contract between LOT and Embraer for 10 EMBRAER 170s, plus 11
additional aircraft on option was signed, however the net impact on the firm
order backlog will amount to six aircraft only, since four will be leased from
GE Capital Aviation Services ("GECAS"). These four aircraft already appear in
the current order book under the agreement with GECAS.
The agreement with Jet Airways involving a firm order for 10 EMBRAER 175, plus
10 additional aircraft on option, is still being negotiated, therefore any
adjustment regarding delivery dates will not affect Embraer delivery forecast.
Thus, Embraer maintains its current delivery forecast of 132 aircraft for 2003
and 136 aircraft for 2004. The above-mentioned forecast already includes the
delivery rescheduling for ExpressJet and the contractual renegotiation with
SWISS.
Embraer's firm order backlog as of March 31, 2003 broken down by product was as
follows:
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Product Firm Orders Options Deliveries Firm Order
Backlog
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Airline Market
ERJ 135 122 6 94 28
ERJ 140 174 45 62 112
ERJ 145 583 301 489 94
EMBRAER 170 73 96 - 73
EMBRAER 195 15 32 - 15
Total Airline Market 967 480 645 322
Corporate Jet Market
Legacy Executive 40 36 7 33
Legacy Shuttle 25 50 2 23
EMB 135 / 145 9 6 7 2
Total Corporate Jet Market 74 92 16 58
Defense
Legacy Executive 1 1 1 -
EMB 135 / 145 4 - 4 -
Total Defense (*) 5 1 5 -
Total 1,046 573 666 380
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(*) Includes only backlog and deliveries for governmental transportation.
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General Information
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Embraer is one of the world's leading aircraft manufacturers with a global
customer base. Embraer is headquartered in Sao Jose dos Campos, state of Sao
Paulo, with regional offices in the United States, Europe and Asia, customer
service centers in Australia, France and the United States, and a total
workforce of 12,407 people as of March 31, 2003. Embraer was Brazil's largest
exporter from 1999 to 2001 and second largest in 2002. As of March 31, 2003
Embraer's firm order backlog totaled US$ 7.9 billion and the total backlog,
including options, equaled US$ 19.2 billion.
Embraer has 33 years of experience in designing, developing, manufacturing,
selling and providing after sales support to aircraft for the global airline,
defense and (more recently) corporate markets.
IR Contacts
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Anna Cecilia Bettencourt
Gustavo Poppe
Milene Petrelluzzi
Paulo Ferreira
Phone: 55 (12) 3927 1216
Fax 55 (12) 3922 6070
e-mail: mercapit@embraer.com.br
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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 the Company's businesses. Those estimates
are subject to risks, uncertainties and suppositions that include, among
other: general economic, politic and trade conditions in Brazil and in
those markets where the Company 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. The Company 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
Company expectations.
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Press Headquarters North America Europe, Middle East
offices and Africa
Rosana Dias: Doug Oliver:
rosana.dias@embraer.com.br doliver@embraer.com Stephane Guilbaud:
Cell: +55 12 9724-4929 Phone: +1 954 359 3414 sguilbaud@embraer.fr
Phone: +55 12 3927 1311 Cell: +1 954 232 9560 Phone: +33 (0) 1 49 38 44 55
Fax: +55 12 3927 2411 Fax: +1 954 359 4755 Cell. +33 (0) 6 75 22 85 19
Fax: +33 (0) 1 49 38 44 56
Andrea Bottcher:
abottcher@embraer.com Catherine Fracchia
Phone: +1 954 359 3432 cfracchia@embraer.fr
Cell: +1 954 439 1830 Phone: +33 (0) 1 49 38 45 30