Executive jet backog for Embraer

Embraer announced a firm order backlog and production schedule for its Executive Jets business at a press conference 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 Mauricio 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.

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“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.”
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