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Embraer announced today the delivery of a Legacy Executive to John G. Sperling, Ph.D., chairman of the board and founder of the Apollo Group, Inc. Following the type certificate issuance by the U.S. Federal Aviation Administration (FAA) last September, this is the first delivery of an Embraer corporate jet to a private owner in the United States.

The aircraft is being delivered through Swift Aviation Group, which also recently gained approval as authorized service center for the Legacy in Scottsdale, Arizona. Dr. Sperling’s Legacy is expected to enter into service immediately from its base in Phoenix, and will be operated by Scottsdale-based Pinnacle Aviation.

“The Legacy is a new way of thinking that strikes an ideal balance between capability and cost, comfort and common sense,” said Samuel Hill, Embraer’s Executive Vice President for the Corporate Aircraft Market. “The Legacy’s combination of size, speed, range and price makes it the business jet of choice for fleet renewal.”

“To go from startup directly to the Legacy is a huge leap of confidence in both Embraer and Swift,” said Dr. Sperling. “After looking for an aircraft for about 6 months, we became convinced that the Legacy was the best value for money. Also, the fact that many airlines in the U.S. and abroad have been flying Embraer aircraft for years reassured us about the Legacy’s reliability and parts availability.”

Apollo Group, Inc. through its subsidiaries, including several universities, institutes and a college, has established itself as a leading provider of higher education programs that meet the needs of working adults.

The current order book for the Legacy stands at a total of 165 aircraft with 73 orders and 92 options worldwide. 11 aircraft have already been delivered to customers in Europe, Middle East and Latin America. To support the Legacy operators, Embraer has built upon its existing worldwide customer support network, by forming partnerships with leading business aviation service providers. This combination of global infrastructure and business aviation expertise assures Legacy operators convenient access to technical assistance, training, and service – wherever their business takes them.

Note to editors

Embraer (Empresa Brasileira de Aeronáutica S.A. - NYSE: ERJ; Bovespa: EMBR3 and EMBR4) is one of the world’s leading aerospace companies. With headquarters in São José dos Campos, state of São Paulo, and offices and customer service bases in Australia, China, France, Singapore and the United States, the Company as of September 30, 2002 has a total workforce of 12,161 people. Embraer was Brazil’s largest exporter from 1999 to 2001, and second largest in 2002. As of September 30, 2002 its backlog for firm orders amounts to US$ 9.6 billion, in addition to US$ 13.0 billion in options.

Embraer has 33 years of experience in designing, developing, manufacturing, selling and providing after sales support to aircraft aimed for the global airline, corporate and (more recently) defense markets.
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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