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Geneva, Switzerland, April 18, 2001 – Embraer, the world’s fourth largest commercial aircraft manufacturer, today announced that it has signed a purchase agreement for one Legacy Corporate Shuttle aircraft. The twin-engine jet will be configured with first class seating for 19 passengers. Embraer expects to deliver the aircraft in May 2002.

The launch customer of the Corporate Shuttle is a major integrated energy company based in Houston, TX. The purchased Legacy will replace a Gulfstream II.

Embraer launched its entry into the corporate jet market in July of 2000. The Legacy was developed with a view towards comfort and value.  With an interior volume of 1,410 cubic feet, a range of over 1,800 nautical miles and a maximum speed of .80 Mach, the Legacy Shuttle is a cost-effective option for employee travel between different company locations in a comfortable and productive environment. The Legacy aircraft is directed to the corporate executive, shuttle and government transport markets.

The first flight of the Legacy took place on March 31, 2001, with FAA and JAA certifications expected in the third quarter of 2001 and deliveries expected to begin in September of this year.

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 in Australia, China, France, Singapore and the United States, and a total workforce of up to 11,000 people. Embraer (Empresa Brasileira de Aeronáutica S. A.) is Brazil’s largest exporter and has a firm backlog of US$ 11.4 billion and US$ 12.6 billion in options, as of December 31, 2000.

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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