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São José dos Campos, Brazil, April 3, 2001- Embraer´s newest business jet - the Legacy - took off from the city airport for its maiden flight late week-end (March 31st). Aircraft serial number 363 took off at 4h30 p.m. and engaged in an initial flight of over 1 hour and 30 minutes, where the airplane reached the ceiling of 39,000 ft and a speed of 0.80 Mach. All flap and gear configurations were tested. Full stalls at clean and full flap configurations were also performed. The aircraft was flown at its maximum take-off weight of 48,479 lbs.

Embraer test pilots Antônio Luiz Bragança and Luiz Carlos Rodrigues, and flight test engineer Ms. Tanara Callefi´s comments after the flight were very encouraging: "Our first flight of the Legacy was remarkable and everything went as predicted. The Legacy is very easy and relaxed to fly and will be without any doubt an excellent executive aircraft", said chief pilot Bragança.

Serial number 363 is the airplane dedicated to aerodynamics and systems integration tests. It will especially perform certification tests for the new fuel system which is installed in this aircraft for the first time. This new system will allow the plane to reach the predicted 3,200 nautical miles range. Once this flight tests campaign is concluded, an executive interior will be installed in the airplane and it will be used for demonstration during several months before delivery to its final customer in Brazil.

Embraer launched its entry into the business jet market in July of 2000, as a derivation of a platform used in commercial aircraft service. However, it embodies important differences when compared to the Embraer regional jet family. It has more thrust, the new fuel system to comply with range requirements, winglets, new ceiling capability, faster Maximum Mach Operation, center aisle recess floor and additional avionics.

The Legacy combines efficiency and ruggedness of daily operations with the comfort and the requirements that corporate environment demands, but at very competitive price.

U.S.´s Federal Aviation Administration (FAA) and Europe´s Joint Aviation Authorities (JAA) certifications for the Legacy are expected for the third quarter of 2001.

Even before the first prototype took to the air, the Legacy registered its first sales order on the day it was launched. To date the aircraft has a total of 63 orders of which 32 are firm and 31 are options.

Note to editors

Embraer (NYSE: ERJ; Bovespa: EMBR3 and EMBR4) is the world´s fourth largest aircraft manufacturer and is headquartered in São José dos Campos, state of São Paulo, with offices in Australia, China, France, Singapore and United States, and a total workforce of up to 11,000 employees. Embraer (Empresa Brasileira de Aeronáutica S. A.) is Brazil´s biggest exporter and has a backlog of confirmed sales of US$ 11.4 billion and US$ 12.6 billion in options, by December 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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