EX-1 3 ex1_041504.txt PRESS RELEASE [GRAPHIC OMITTED][News Release] [GRAPHIC OMITTED][Embraer Logo] EMBRAER REPORTS FIRST QUARTER 2004 DELIVERIES AND TOTAL COMPANY BACKLOG Sao Jose dos Campos, April 15, 2004 - Embraer (Bovespa: EMBR3 and EMBR4; NYSE: ERJ) today announced its first-quarter 2004 deliveries for the Airline, Corporate and Defense markets. Deliveries by segment were as follows: ------------------------------------------------------------- Deliveries by Segment 1st. Quarter 2004 ------------------------------------------------------------- ------------------------------------------------------------- Airline Market ------------------------------------------------------------- ERJ 145 14 ------------------------------------------------------------- EMBRAER 170 8 ------------------------------------------------------------- Total Airline Market 22 ------------------------------------------------------------- ------------------------------------------------------------- Defense (*) ------------------------------------------------------------- EMB 145 1 ------------------------------------------------------------- Total Defense Market 1 ------------------------------------------------------------- ------------------------------------------------------------- Total 23 ------------------------------------------------------------- (*)Includes only deliveries for government authority transportation Out of the total 160 aircraft expected to be delivered in 2004, Embraer delivered 23 aircraft in the first quarter of 2004. There were no deliveries to the Corporate Market in this quarter. Embraer maintains its forecast for deliveries of 160 and 170 Commercial, Corporate and Defense aircraft (including only authority transport aircraft) in 2004 and 2005, respectively. Embraer expects to deliver approximately 40% of 2004 total deliveries in the first half of 2004 and the remaining 60% in the second half of 2004, mainly due to deliveries of the EMBRAER 170 that started in March, 2004. As of March 31, 2004, Embraer's firm order backlog, including the Airline, Corporate and Defense markets totaled US$ 10.9 billion. Backlog including options reached US$ 28.6 billion. The Air Canada commercial proposal announced on December 19 is not included in the order book. It is Embraer's policy to include only firm contracts in the order book. Embraer's Commercial Aviation order book by product in March 2004 was as follows: ------------------------------------------------------------------------------- Product Firm Options Deliveries Firm Order Backlog Orders ------------------------------------------------------------------------------- Commercial Aviation ------------------------------------------------------------------------------- ERJ 135 122 2 105 17 ------------------------------------------------------------------------------- ERJ 140 94 20 74 20 ------------------------------------------------------------------------------- ERJ 145 697 440 545 152 ------------------------------------------------------------------------------- EMBRAER 170 133 162 8 125 ------------------------------------------------------------------------------- EMBRAER 190 110 150 - 110 ------------------------------------------------------------------------------- EMBRAER 195 15 30 - 15 ------------------------------------------------------------------------------- Total 1,171 804 732 439 ------------------------------------------------------------------------------- Embraer Image Gallery --------------------- Now you can download images of Embraer products in different resolutions, accessing directly the Embraer Image Gallery at http://www.embraer.com. Note to Editors --------------- Embraer (Empresa Brasileira de Aeronautica S.A. - NYSE: ERJ; Bovespa: EMBR3 and EMBR4) is a major aerospace company with 34 years of experience in designing, developing, manufacturing, selling and providing after sales support to aircraft for the global airline, defense and corporate markets. With headquarters in Sao Jose dos Campos, state of Sao Paulo, the Company has offices and customer service bases in Australia, China, France, Singapore and the United States. Embraer is among Brazil's leading exporting companies. As of March 31, 2004 Embraer had a total workforce of 14,090 people, and its firm order backlog totaled US$ 10.9 billion. IR Contacts ----------- Anna Cecilia Bettencourt Daniel Bicudo Milene Petrelluzzi Paulo Ferreira Phone: 55 (12) 3927 1216 Fax 55 (12) 3922 6070 e-mail: investor.relations@embraer.com.br ------------------------------------------------------------------------------- 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 the Company's businesses. Those estimates are subject to risks, uncertainties and suppositions that include, among other: general economic, politic and trade conditions in Brazil and in those markets where the Company 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. The Company 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 Company expectations. ------------------------------------------------------------------------------- Attachment: FIRM ORDER BACKLOG COMMERCIAL AVIATION MARKET March 31, 2004 - ERJ 135: ------------------------------------------------------------------------------- Client Country Firm Orders Deliveries Firm Order Backlog ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- American Eagle USA 40 40 0 ------------------------------------------------------------------------------- British Midland Great Britain 4 2 2 ------------------------------------------------------------------------------- City Air Sweden 2 2 0 ------------------------------------------------------------------------------- Express Jet USA 30 30 0 ------------------------------------------------------------------------------- Flandre Air France 3 3 0 ------------------------------------------------------------------------------- Pan Europeenne France 1 1 0 ------------------------------------------------------------------------------- Proteus France 3 3 0 ------------------------------------------------------------------------------- Regional Airlines Morocco 3 3 0 ------------------------------------------------------------------------------- SA Airlink South Africa 20 5 15 ------------------------------------------------------------------------------- Jet Magic Ireland 1 1 0 ------------------------------------------------------------------------------- Republic (Wexford) USA 15 15 0 ------------------------------------------------------------------------------- TOTAL 122 105 17 ------------------------------------------------------------------------------- - ERJ 140: ------------------------------------------------------------------------------- Client Country Firm Orders Deliveries Firm Order Backlog ------------------------------------------------------------------------------- ------------------------------------------------------------------------------- American Eagle (1) USA 59 59 0 ------------------------------------------------------------------------------- Midwest USA 20 0 20 ------------------------------------------------------------------------------- Republic (Wexford) USA 15 15 0 ------------------------------------------------------------------------------- TOTAL 94 74 20 ------------------------------------------------------------------------------- - ERJ 145: ------------------------------------------------------------------------------- Client Country Firm Orders Deliveries Firm Order Backlog ------------------------------------------------------------------------------- Aerolitoral Mexico 5 0 5 ------------------------------------------------------------------------------- Air Caraibes Guadaloupe 2 2 0 ------------------------------------------------------------------------------- Alitalia Italy 14 14 0 ------------------------------------------------------------------------------- American Eagle(1) USA 136 71 65 ------------------------------------------------------------------------------- Axon Airlines Greece 3 3 0 ------------------------------------------------------------------------------- British Midland Great Britain 11 9 2 ------------------------------------------------------------------------------- British Regional Great Britain 23 23 0 ------------------------------------------------------------------------------- Brymon Great Britain 7 7 0 ------------------------------------------------------------------------------- China Southern China 6 0 6 ------------------------------------------------------------------------------- Cirrus Germany 1 1 0 ------------------------------------------------------------------------------- ERA Spain 2 2 0 ------------------------------------------------------------------------------- Express Jet USA 245 200 45 ------------------------------------------------------------------------------- Flandre Air France 7 5 2 ------------------------------------------------------------------------------- GECAS (PB Air) USA 2 2 0 ------------------------------------------------------------------------------- KLM Exel Holland 2 2 0 ------------------------------------------------------------------------------- LOT Poland 14 14 0 ------------------------------------------------------------------------------- Luxair Luxemburg 9 9 0 ------------------------------------------------------------------------------- Mesa USA 36 36 0 ------------------------------------------------------------------------------- Portugalia Portugal 8 8 0 ------------------------------------------------------------------------------- Proteus France 11 8 3 ------------------------------------------------------------------------------- Regional Airlines France 17 14 3 ------------------------------------------------------------------------------- Rheintalflug Austria 3 3 0 ------------------------------------------------------------------------------- Rio-Sul Brazil 16 16 0 ------------------------------------------------------------------------------- Sichuan Airlines China 5 5 0 ------------------------------------------------------------------------------- Skyways AB Sweden 4 4 0 ------------------------------------------------------------------------------- SWISS Switzerland 25 25 0 ------------------------------------------------------------------------------- Trans States USA 15 15 0 ------------------------------------------------------------------------------- Republic (Wexford) USA 68 47 21 ------------------------------------------------------------------------------- Total 697 545 152 ------------------------------------------------------------------------------- (1) In the third quarter of 2003, American Eagle converted 80 firm orders and 25 options on the ERJ 140 into ERJ 145s. EMBRAER 170 ------------------------------------------------------------------------------- Client Country Firm Orders Deliveries Firm Order Backlog ------------------------------------------------------------------------------- Air Caraibes Guadaloupe 2 0 2 ------------------------------------------------------------------------------- Alitalia Italy 6 1 5 ------------------------------------------------------------------------------- Cirrus Germany 1 0 1 ------------------------------------------------------------------------------- GECAS USA 5 3 2 ------------------------------------------------------------------------------- LOT Poland 6 0 6 ------------------------------------------------------------------------------- Republic Airways USA 13 0 13 ------------------------------------------------------------------------------- SWISS Switzerland 15 0 15 ------------------------------------------------------------------------------- US Airways USA 85 4 81 ------------------------------------------------------------------------------- Total 133 8 125 ------------------------------------------------------------------------------- EMBRAER 190 ------------------------------------------------------------------------------- Client Country Firm Orders Deliveries Firm Order Backlog ------------------------------------------------------------------------------- Jet Blue USA 100 0 100 ------------------------------------------------------------------------------- Undisclosed 10 0 10 ------------------------------------------------------------------------------- Total 110 0 110 ------------------------------------------------------------------------------- EMBRAER 195 ------------------------------------------------------------------------------- Client Country Firm Orders Deliveries Firm Order Backlog ------------------------------------------------------------------------------- SWISS Switzerland 15 0 15 ------------------------------------------------------------------------------- Total 15 0 15 -------------------------------------------------------------------------------
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