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EMBRAER 170 PROGRAM AND AIRCRAFT DELIVERIES UPDATE
New Certification Date Set for 4th Quarter of 2003, Aircraft Deliveries Updated
Sao Jose dos Campos, June 15, 2003 - Following a reassessment of the EMBRAER 170
certification campaign, Embraer has defined November 2003 as the new
certification date for the EMBRAER 170.
The decision results from delays in the completion of system related tests and
the production of associated documentation, and the inclusion of capabilities
currently scheduled as post-certification items in the basic certification
program.
Previously announced EMBRAER 175, 190 and 195 certification and first delivery
dates remain unchanged. The EMBRAER 175 successfully performed its maiden flight
on June 14th and certification is due on the 3rd Quarter 2004. The EMBRAER 190
certification program was anticipated to 3rd Quarter 2005 followed by the
EMBRAER 195 certification on the 3rd Quarter 2006.
As a result of the new certification target date of the EMBRAER 170 as well as
the economic uncertainties and the adverse market conditions faced by the civil
aviation market as a whole, and the corporate jet segment in particular, Embraer
has revised the total jet aircraft deliveries for 2003 to 110 aircraft, from
132.
For 2004, Embraer current forecast has been increased to 160 aircraft from 136,
due to the reprogramming of ERJ 145 deliveries, and the market acceptance and
growing demand for the new EMBRAER 170/190 family - with its unparalleled
combination of performance, operating economics and passenger comfort, is able
to meet and exceed the new and challenging requirements of the air transport
industry.
Currently the EMBRAER 170/190 family has 234 firm orders and 289 purchase
options from Alitalia, Air Caraibes, GECAS, JetBlue, LOT, US Airways and SWISS.
Note to editors
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Embraer (Empresa Brasileira de Aeronautica S.A. - NYSE: ERJ; Bovespa: EMBR3 and
EMBR4) is a major aerospace company with 33 years of experience in designing,
developing, manufacturing, selling and providing after sales support to aircraft
for the global airline, defense and corporate markets. With headquarters in Sao
Jose dos Campos, state of Sao Paulo, and offices and customer service bases in
Australia, China, France, Singapore and the United States, the Company, as of
the end of the 1st Quarter 2003, has a total workforce of 12,407 people. Embraer
is among Brazil's leading exporting companies. 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.
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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 Offices
Headquarters North America Europe, Middle East
and Africa
Rosana Dias: Doug Oliver: Stephane Guilbaud:
rosana.dias@embraer.com.br doliver@embraer.com sguilbaud@embraer.fr
Cell: +55 12 9274-4929 Phone: +1 954 359 3414 Phone: +33 (0) 1 49 38 44 55
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Andrea Bottcher: Catherine Fracchia
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Phone: +1 954 359 3432 Phone: +33 (0) 1 49 38 45 30
Cell: +1 954 439 1830