Press and Events


21/06/2001

EMBRAER ANNOUNCES NEW ORDERS FOR THE LEGACY CORPORATE AIRCRAFT

Embraer today announced the sale of 7 new Legacy business jets to undisclosed customers during the 2001 Paris Air Show.

The deal represents a value of US$ 140 million.
The order book for the Legacy program, which includes the Executive and the Shuttle versions, now stands at 37 firm orders and 34 options.

Sam Hill, Embraer's Executive Vice President for Corporate Aircraft, said that "We are very pleased to announce the new sales that have been concluded at the Paris Air Show, just one year after the launch of the Legacy program during the Farnborough Air Show. The orders continue to pour in and are a clear indication that market reaction to Embraer's corporate jet is beyond our expectations."

The Rolls-Royce AE 3007-powered Legacy is currently completing its certification tests.

First interior installation for a third-quarter delivery to its launch customer Swift Aviation is underway.

The airplane is able to fly 3,200 nautical miles and has the largest cabin volume of any corporate jet in its class. Embraer will deliver five Legacies in year 2001.

Note to editors

Embraer (NYSE: ERJ; Bovespa: EMBR3 and EMBR4) is the world's fourth largest aircraft manufacturer and is headquartered in São José dos Campos, state of São Paulo, with offices in Australia, China, France, Singapore and the United States, and a total workforce of more than 12,200 employees. Embraer (Empresa Brasileira de Aeronáutica S.A.) is Brazil's biggest exporter in the two previous years and has a backlog of confirmed sales of US$ 10.7 billion and US$ 12.5 billion in options, as of May 31st, 2001. Embraer has over 31 years of experience in designing, developing, manufacturing, selling and providing after sales support to aircraft aimed for the world airline 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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