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Jane Kelin
«Embraer» announces that over the next ten years it is expected an overall demand for its 11,115 business jets valued at approximately US$ 169 billion. Also it is forecasted another 2,500-3,000 aircraft to be added to the Very Light Jet segment according to the new air taxi market establishment and development.
Embraer’s business aviation investments have essentially resulted in 2006. As of today, US$ 1.8 billion of new contracts have been added in the field of Embraer business jet division. At the moment there are over 340 firm orders for the recently-launched Phenom 100 and Phenom 300 Very Light and Light Jets. Further plans of Embraer include such points:
• to deliver 25 to 30 Legacy 600 jets per year in 2007 and 2008, up from 20 units in 2005 and 13 in 2004;
• in mid-2008, to commence deliveries of the Phenom 100, totaling 15-20 units in the second semester. In 2009, when deliveries of the Phenom 300 begin in the second semester, the production rate of the Phenom 100 and Phenom 300 is projected to reach 120-150 units combined;
• also, the delivery of up to two Lineage 1000 jets is expected for the second semester of 2008, in its first production year. In 2009, three to four Lineage 1000 jets are planned to be delivered.
The Company projects to launch network of 45 service centers by 2008 as well.
Embraer (Empresa Brasileira de Aeronáutica S.A. - NYSE: ERJ; Bovespa: EMBR3) is the world’s leading manufacturer of Commercial jets up to 110 seats with 37 years of experience in designing, developing, manufacturing, selling and providing after sales support to aircraft for the commercial aviation, executive aviation, and defense and government segments. With headquarters in São José dos Campos, State of São Paulo, the Company has offices and customer service bases in the United States, France, Portugal, China and Singapore. Embraer is among Brazil’s leading exporting companies. As of September 30, 2006, Embraer had a total workforce of 18,336 people, and its firm order backlog totaled US$ 13.3 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 the Company’s businesses. Those estimates are subject to risks, uncertainties and suppositions that include, among others: general economic, political 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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