Brazil’s Embraer Announces US$ 1.25 Billion Firm Order Backlog

Brazilian aircraft maker Embraer announced today, July 18, the firm order backlog and production schedule for its Executive Jets business at a press conference in Farnborough, U.K., during the 45th Farnborough International Airshow.

The Executive Jets portfolio includes the super mid-size business jet, Legacy 600; the very light and light jets, Phenom 100 and Phenom 300; and the recently announced Lineage 1000 ultra-large jet.

"As of June 30, 2006, our executive jet firm order backlog stands at US$ 1.25 billion," said Maurí­cio Botelho, Embraer Chairman, President and CEO. "In respect to the Phenom 100 and Phenom 300, since our launch announcement just over a year ago, we have logged in excess of 235 firm orders."

The Legacy 600 was launched in 2000 at the Farnborough Airshow, with deliveries beginning in the following year. In 2004, 13 Legacy 600 jets were delivered; in 2005, 20. In 2006 and 2007, 25 to 30 aircraft are expected to be delivered per year.

Embraer’s market share in the super mid-size category has grown from 12% in 2004 to 13% in 2005 and now accumulates 13.5% with 76 aircraft delivered to customers in 18 countries.

In mid-2008, deliveries of the Phenom 100 will commence, totaling 15-20 units by the end of the year. In 2009, when deliveries of the Phenom 300 begin early in the second half of the year, the production of the Phenom 100 and Phenom 300 is projected to reach 120-150 units combined.

Delivery of up to two Lineage 1000 is anticipated for the second half of 2008 in its first production year. In 2009, three to four Lineage 1000 are planned to be delivered.

"The sales performance we have achieved reflects the market’s acceptance of our product portfolio comprising differentiated models," said Luis Carlos Affonso, Embraer Executive Vice-President, Executive Jets. "We are firmly committed to this market and to supporting our customers with integrated solutions for a premium ownership experience."

With headquarters in Sao Jose dos Campos, state of São Paulo, Embraer has offices and customer service bases in the United States, France, Portugal, China and Singapore.

The company is among Brazil’s leading exporting companies. As of June 30, 2006, Embraer had a total workforce of 17,538 people, and its firm order backlog totaled US$ 10.2 billion.

Empresa Brasileira de Aeronáutica S.A. – www.embraer.com.br

Tags:

You May Also Like

Brazil Finds Out that Strengthening Trading Companies Is Good for Country

Launched in April by the Brazilian Export and Investment Promotion Agency (Apex) the Trading ...

Bank of Brazil Goes to the Emirates in Search of Investment

The Bank of Brazil (BB) is finally going to open a representation office in ...

Brazil: FTAA, Hopes and Fears

Donna Hrinak, US Ambassador to Brazil, is confident that the FTAA will go into ...

Brazil Favors Participation of Mercosur Countries in State Bids

The Brazilian Minister of Foreign Relations, Celso Amorim, says he is in favor of ...

19 LatAm Countries Discuss in Brazil How to Get AIDS Drugs to All

Representatives of 19 Latin American countries got together today, in BrasÀ­lia, with the objective ...

Who’s Left?

Those in Lula’s camp insist that if elected, Gomes will break Brazil’s heart just ...

Brazil Sound: A Highly Emotive Blend Celebrates Jobim

While fine art can definitely arrive in conventional containers, we experience another kind of ...

Brazil’s Fundo de Quintal: Scene and Variation

Fundo de Quintal brought a new public to the samba and inspired a generation ...

Winner at Sundance, Brazilian Documentary Starts Promising US Career

Manda Bala (Send a Bullet), the Brazilian movie that won at this year's Sundance ...

Beyond Reelection: Brazil’s Lula 2.0 Doesn’t Sound Too Promising

U.S.-based Center for Economic and Policy Research (CEPR) released Friday, September 22, its issue ...