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Wed, Jan 09, 2008

It's A Record! Embraer Delivers 169 Jets In 2007

Firm Order Backlog Totals $18.8 Billion

Embraer celebrated a banner year in 2007, making good on its goal to deliver between 165-170 aircraft. The Brazilian planemaker delivered 61 commercial, executive, and government-use jets during the fourth quarter of 2007, resulting in total deliveries for the year of 169 jets -- its largest total ever. Embraer also touts a record order backlog of $18.8 billion... meaning production lines should continue to hum for awhile.

Embraer delivered 45 jets to the commercial aviation segment, 14 business-spec Legacy 600s, and two jets to the Defense and Government segment during Q4 2007. Also in the period, Embraer increased the number of customers in its firm order backlog for the Embraer 170/190 jets family, with the sale of two Embraer 170s to Suzuyo, from Japan, and 16 Embraer 190s -- 11 to El Salvador's TACA and five to NAS Air in Saudi Arabia. The planemaker also sold 10 jets to Virgin Nigeria, a mix of 170s and 190s.

Also in the Commercial Aviation segment, US-based Republic Airways Holdings confirmed 11 options for Embraer 175 jets.

In the Executive Aviation segment, a number of firm orders were taken for jets from the Phenom family, bringing the total aircraft sold to over 700. During the same period, the Defense and Government segment signed contracts with the Royal Thai Army and the Royal Thai Navy for the sale of two ERJ 135 jets.

Embraer also received a big boost from the 2007 Dubai Air Show, with the announcement of over $1.1 billion in firm orders, and by the delivery of the 300th aircraft of the Embraer 170/190 family of jets to US-based Northwest Airlines, which operates the Embraer 175 aircraft through its regional subsidiary Compass Airlines, under the Northwest Airlink brand name.

Embraer expects to deliver between 195 and 200 aircraft for 2008 and 2009, not including deliveries of its new Phenom 100 very-light jet.

FMI: www.embraer.com

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