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The Legacy, Embraer's executive jet and the first Brazilian-made aircraft in this category, received last Friday, July 5, type certification from the European Joint Aviation Authorities (JAA).

The Legacy program was officially launched during the Farnborough Air Show on 23 July 2000. At the same time, Phoenix, Arizona-based Swift Aviation became the launch customer by placing an order for 25 Legacy aircraft and taking options on 25 more.

The Legacy program’s sales book logs 74 orders and 94 options to date, spread between Executive and Shuttle versions.

The next step for the Legacy program is to gain U.S. certification from the Federal Aviation Administration (FAA), expected to take place in the coming weeks.

The world market of business aviation for the next 10 years is estimated in 6,000 aircraft, of which 2,500 are of the Super Mid-Size segment, where the Legacy is a player. Embraer is planning to produce 240 Legacies in this time span.

Note to editors

Embraer (NYSE: ERJ; Bovespa: EMBR3 and EMBR4) is one of the world’s leading aerospace companies 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 11,264 people in March 31, 2002. Embraer (Empresa Brasileira de Aeronáutica S.A.) has been Brazil’s largest exporter since 1999. In March 31, 2002, its backlog for firm orders amounts to US$ 10.3 billion and US$ 12.7 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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