Melbourne, Florida, April 27, 2012
– Embraer Executive Jets made its first international delivery of a US-made Phenom 100 when Canadian Businessman Tasso Kostelidis took delivery on March 31.
“Canada is a strong and growing market for Embraer,” said Vice President Sales-North America Bob Knebel as he joined Kostelidis at the end of the three-day delivery process. “This is a significant delivery when you consider this is only the third delivery from our
Melbourne production line. This speaks well of the experience and maturity of our team.”
Kostelidis, who is an instrument-rated private pilot and who joined his corporate pilot in receiving training from Embraer’s training partner, CAE in Dallas, will use the Phenom 100 to connect his far-flung network of distribution centers in Canada. He currently has four warehouses for his packaging and materials business which is based in Montreal. Two additional warehouses are in development and the Phenom 100 will also be used to check on construction progress.
“I began this process in 2007 when most aircraft offered in this class were still on the drawing board,” said Kostelidis, President of Conglom, who is looking forward to taking the helm of his new aircraft when he can. “I was looking at four or five aircraft. After studying the statistics and the performance and learning about Embraer and its ability to deliver on its promises, I concluded this would best meet my needs. If I went through the same process now and all the planes that were on the drawing board back then were flying, I am certain I would be exactly where I am today in taking delivery of a Phenom 100.”
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Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) is the world’s largest manufacturer of commercial jets up to 120 seats, and one of Brazil’s leading exporters. Embraer’s headquarters are located in São José dos Campos, São Paulo, and it has offices, industrial operations and customer service facilities in Brazil, China, France, Portugal, Singapore, and the U.S. Founded in 1969, the Company designs, develops, manufactures and sells aircraft and systems for the commercial aviation, executive aviation, and defense and security segments. It also provides after sales support and services to customers worldwide. On March 31, 2012, Embraer had a workforce of 17,629 employees – not counting the employees of its partially owned subsidiaries – and its firm order backlog totaled USD 14.7 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 Embraer’s businesses. Those estimates are subject to risks, uncertainties and suppositions that include, among others: general economic, political and trade conditions in Brazil and in those markets where Embraer 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. Embraer 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 Embraer expectations.