Press and Events


12/12/2001

THE LEGACY HAS ARRIVED, SIGNALING THE END OF BUSINESS AS USUAL

Le Bourget, Paris, June 18, 2001 - The first Legacy by Embraer landed in New Orleans at 10:37 am local time yesterday. This arrival, the Legacy’s first in the U.S., signifies more than the introduction of a new business jet, it marks a major shift in the expectations of the super mid-size category. This is because the Legacy delivers an unprecedented combination of strengths, offering operators the ideal balance between capability and cost. At a completed price of under US$ 20 million, the Legacy’s expansive 1,410 cu ft cabin is up to 40% larger than any aircraft in its price range and equal in size to aircraft that cost 30% more. Added to that are a targeted range of more than 3,000 nm with 10 passengers and NBAA IFR reserves, a Mach .80 speed capability, and a service ceiling of 39,000 feet.

“There is simply no aircraft on the market that delivers a cabin this large and performance numbers this competitive for such a low price,” said Sam Hill, Executive Vice President of Embraer Corporate Jets. “Therein lies the Legacy’s challenge to the market – we’ll give you the size, speed, and range you want, at a price that is far less than you expect.”

In conjunction with this first arrival, Embraer Corporate Jets has chosen to announce a number of other Legacy program developments at NBAA 2001.

Legacy orders continue to grow

48 firm orders and another 44 options were on the books before the Legacy took flight. Now, with the arrival of both the first Legacy and a full-scale cabin mock-up, those numbers are expected to rise at an even faster rate. For the first time, customers can board the Legacy and experience first hand an elegant and spacious interior that comfortably accommodates up to 18 passengers in a variety of executive configurations. In addition to the displayed executive configurations, the Legacy is also available as a corporate shuttle which seats between 19 and 37 passenger depending upon customers’ high-density transport needs.

Certifications are on schedule

One day before arriving in New Orleans, the Legacy received CTA certification. This is expected to be swiftly followed up with FAA certification in the first quarter of 2002 and JAA certification in the second quarter of the same year.

More powerful engine variant added to list of options

Embraer has also announced that the new E model variant of the Rolls Royce AE 3007 turbofan engine will be made available as an option to Legacy customers who desire higher thrust and improved short field capabilities. Rolls-Royce, a long-time partner of Embraer, developed this engine for both the Legacy and Embraer’s ERJ 145 XR. With it, the Legacy’s targeted balanced field length will be below 6,000 feet, opening up a significant number of additional airports from which customers can operate. Although the additional cost of this engine option has not been finalized, it is not expected to significantly impact the Legacy’s current completed price.

Worldwide sales and support network is in place

Adding to an already worldwide presence, Embraer Corporate Jets has partnered with industry-leading service centers around the globe to create an unmatched network of support. Jet Aviation, BIZJET International, and Midcoast Aviation are just a few of the service providers who will guarantee that Legacy operators have convenient access to certified service centers wherever they fly. In addition, every Legacy operator will be assigned a personal Customer Support Representative. This single point of contact will coordinate all issues related to the servicing of a Legacy and be able to offer solutions custom-fit for each Legacy owner’s operation.

“We’re delivering a business jet that challenges what you know about the cost structure of business aviation,” added Sam Hill, “and we’re hitting all our marks. Orders are coming in, our sales and support network is in place, and as our first Legacy is set to be delivered later this month, we’re proving to the market that in the super mid-size category, they no longer have to settle for the status quo.”

Note to editors

Embraer (NYSE: ERJ; Bovespa: EMBR3 and EMBR4) is the world’s fourth largest commercial aircraft manufacturer 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 10.9 thousand people. Embraer (Empresa Brasileira de Aeronáutica S.A.) is Brazil’s largest exporter for the two preceding years and from January to October 2001; as of November 30th, 2001 its backlog for firm orders amounts to US$ 10.6 billion and US$ 12.1 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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