Tue, Jul 08, 2008
Firm Order Backlog Increased To $20.7 Billion US
Embraer announced this week it delivered 52 aircraft during the
second quarter of 2008, closing out the first six months of the
year with a record of 97 jets delivered. That's a 59% increase over
the 61 airplanes delivered during the first semester of 2007.
The Brazilian planemaker adds its firm order backlog for the
Commercial Aviation, Executive Aviation, and Defense and Government
segments also ended the quarter at the highest level in its
history, totaling US$ 20.7 billion.
During 2Q08, Embraer delivered 43 jets to the Airline Market and
nine jets to the Executive Aviation segment. With 97 jets delivered
during the first semester, Embraer reaffirms its estimate of
delivering 195 to 200 jets in 2008 -- tending toward the higher
figure -- as well as 10 to 15 Phenom 100 jets.
Embraer tells ANN measures implemented to optimize production
processes has resulted in increasingly stable production rates, and
on-time delivery commitments. The continuity reduces the
differences in number of aircraft delivered from quarter to
quarter, resulting in better financial planning and also less
volatility on the company's cash flows.
During the second quarter of 2008, Embraer signed contracts for
the sale of seven Embraer 170 jets to the ETA Star Group, from
Dubai and for five Embraer 175 jets to TRIP Linhas Aereas, which is
one more Brazilian airline that will fly Embraer jets. In the
Defense and Government area, the Company signed a contract with the
Brazilian government for the sale of two Embraer 190 jets
configured for transporting government officials. Furthermore,
Executive AirShare, of Kansas City, MO increased its order for
Phenom 300 jets to four firm orders and four options.
Embraer says its newly-introduced Phenom executive jets
continued to show positive sales results, with the number of firm
order contracts approaching 800 aircraft. The certification program
of the Phenom 100 is on schedule and has four prototypes flying for
the certification tests.
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