Brazil’s Embraer Sells Less Planes, But Still Makes Record US$ 3.8 Bi

Brazilian aircraft manufacturer Embraer released on Friday, March 31, their balance for 2005. Considering the results in dollar, the revenues for 2005 was record, reaching US$ 3.83 billion, or 11.3% more than in the previous year.

The net profit, in turn, reached US$ 445.7 million, an increase in 17.2% in comparison to 2004.

The company delivered last year 141 aircrafts, against 148 in 2004. Even with less aircrafts delivered, the revenues in dollar increased as, according to the company, more jets in the Embraer 170/190 family were sold, which are more expensive than the ERJ 145, which up to 2004 were the most sold airplanes.

The main facts of 2005, according to the company, were the certification and first deliveries of the regional jets Embraer 175 and Embraer 190; and the launch of the small sized executive jets Phenom 100 and Phenom 300. The company currently has a portfolio of firm orders of US$ 10.4 billion.

"The certification of aircrafts Embraer 175 and Embraer 190 and making important sales of aircrafts in the Embraer 170/190 family were decisive for the consolidation of these products in North America, Central America and Europe, as was the opening of the markets in the Middle East, India and China," says the statement released by the company.

"Embraer won new clients in promising markets, very important for the growth and consolidation of its businesses," it adds.

Opening the Middle East market happened with a contract signed last year, evaluated in US$ 400 million, with Saudi Arabian Airlines, for the sales of 15 units of the Embraer 170. Deliveries started in December. Last month it settled the sales of seven Embraer 195, with an average price of US$ 35 million each, for Royal Jordanian.

In 2005 also, the company delivered the first modernized units of the supersonic fighter F-5 BR and another 24 Super Tucano, turboprop for training and light attack, for the Brazilian Air Force (FAB). The company also made the first external sales of the Super Tucano, an order of 25 units made by the Colombian Air Force.

In the defense sector, however, the company came across some problems, like the cancellation of the programme FX of the Brazilian government, which covered the renovation of the national fleet of supersonic fighters; and the cancellation of the supply of aircraft for the Aerial Common Sensor programs of the United States Armed Forces.

Anba

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