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Embraer announced today the conclusion of the delivery of four Legacy Executive aircraft to Flight Options following an agreement last October for the acquisition of four jets.

“The comfort, performance, reliability and economy of the Legacy Executive make it a natural choice for the fractional ownership market,” said Antônio Pires Monteiro, Embraer’s Senior Vice-President, Corporate Aviation Market. "The fractional ownership system opens Legacy Executive ownership to an entirely new market of potential customers. We are pleased that Flight Options has chosen to add the Legacy Executive to their fleet."

“The Legacy will be a desirable addition to our large cabin capacity,” said John Nahill, chairman and CEO of Flight Options, LLC. “The Legacy delivers the performance, range and passenger space of a larger cabin aircraft, but with the Occupied Hourly Rate of a super mid-size aircraft. We are pleased to have it in our fleet.”

The Legacy Executive delivers an abundant 39.9 cu. m. (1,410 cu. ft.) cabin volume, the largest in its class. Every Legacy features a complete and customized interior, providing ample room for work or relaxation distributed in three cabin zones for enhanced privacy. The Legacy Executive cruises at up to Mach .80 and offers a non-stop range that reaches up to 3,250 nm (6,019 km), with eight passengers and NBAA IFR reserves in a 13-seat configuration.

About Flight Options, LLC

Based in Cleveland, Ohio, Flight Options, LLC is the world’s fastest growing fractional aircraft provider and employs over 1,300 professionals across the United States. Flight Options offers fractional shares and leases in its fleet of more than 200 aircraft, which includes the world’s largest fleets of King Air’s, Beechjet 400A’s and Hawker 800s. The fleet also includes the CitationJet, Hawker 400XP, Citation V, Citation 650, Citation X, Falcon 50, Challenger 601, Gulfstream IV and Legacy.

Note to Editors

Embraer (Empresa Brasileira de Aeronáutica S.A. - NYSE: ERJ; Bovespa: EMBR3 and EMBR4) is a major aerospace company with 34 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 São José dos Campos, state of São Paulo, the Company has offices and customer service bases in Australia, China, France, Singapore and the United States. Embraer is among Brazil’s leading exporting companies. As of September 30, 2003 Embraer had a total workforce of 12,607 people, and its firm order backlog totaled US$ 10.4 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 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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