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Embraer today announced the signing of a new order for its super mid-size business jet, the Legacy. The order has been placed by Spain’s Fadesa and the announcement was made during the EBACE exhibition in Geneva.

Fadesa is among Europe’s largest real estate developers and has recently successfully diversified into administration of houses and property. Fadesa has activities in Spain, Morocco, Portugal and Romania as well as in various other locations. Fadesa is currently operating a Hawker 700 that will be replaced by the Legacy in September of this year. The aircraft will be based in La Coruña, where the company has its headquarters.

"We were looking for a larger aircraft”, explains Jose Luis Macia, Fadesa financial director. “Our main criteria were reliability, cabin volume and value. The Legacy very quickly became the best, that is to say the only choice.”

This new order comes only days before the first civilian Legacy is delivered to a European Customer whose aircraft will be managed and operated by GV Executive AG. A Zurich-based charter operator, GV Executive AG is to receive the Legacy during the second half of June.
The order from Fadesa brings the total order book for the Legacy to 74 firm orders and 94 options.

Note to editors

Embraer (NYSE: ERJ; Bovespa: EMBR3 and EMBR4) is one of the world’s leading aerospace companies and is headquartered in São José dos Campos, state of São Paulo, with offices and customer service bases in Australia, China, France, Singapore and the United States, and a total workforce of 11,264 people in March 31, 2002. Embraer (Empresa Brasileira de Aeronáutica S.A.) has been Brazil’s largest exporter since 1999. In March 31, 2002, its backlog for firm orders amounts to US$ 10.3 billion and US$ 12.7 billion in options.

Embraer has 32 years of experience in designing, developing, manufacturing, selling and providing after sales support to aircraft aimed for the world airline, corporate and defense markets.

This press release includes forward-looking statements or statements about events or circumstances which have not occurred. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends affecting our business. These forward-looking statements are subject to risks, uncertainties and assumptions, including, among other things: general economic, political and business conditions, both in Brazil and in our markets; anticipated trends in our industry; our expenditure plans; our ability to develop and deliver our products on a timely basis; and existing and future governmental regulation. The words “believes,” “may,” “will,” “estimates,” “continues,” “anticipates,” “intends,” “expects” and similar words are intended to identify forward-looking statements. We undertake no obligations to update publicly or revise any forward-looking statements because of new information, future events or other factors. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this press release might not occur. Our actual results could differ substantially from those anticipated in our forward-looking statements.

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