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Embraer’s 2008 Deliveries Reach 145 Jets After Three Quarters

Written by thomas · Filed Under Aeronautics News 

October 13, 2008

thomas

Company stabilizes its production cadence and confirms estimated schedule
for 2008

SAO JOSE DOS CAMPOS, Brazil, Oct. 10 /PRNewswire-FirstCall/ — Embraer
released the figures on its aircraft deliveries and order book, today,
updated to the end of the third quarter of 2008 (3Q08). Based on the first
three quarters of 2008, when it delivered 45, 52, and 48 jets,
respectively, Embraer shows a steadier production process, which represents
a 34% increase over the same period in 2007 (when the Company delivered 108
jets). Therefore, Embraer reaffirms its estimate of delivering 195 to 200
aircraft in 2008, plus ten to 15 Phenom 100s.

In 3Q08, Embraer delivered 37 jets to the commercial aviation market,
nine executive jets, and two aircraft to the defense segment and government
segment, as detailed in the following table:

The Company’s firm order backlog came to US$ 21.6 billion in 3Q08, an
increase of 4.3 per cent over the previous quarter. On September 30, 2008,
Embraer’s order book for Commercial Aviation, according to product, stood
as follows:

Note: Deliveries and firm order backlog include orders for the Defense
and Government segment placed by State-run airlines (Satena and TAME).

In the third quarter, Embraer announced 13 new commercial aircraft
sales, including twelve EMBRAER 190s (five to China’s Kun Peng, five to
Austria’s NIKI, and two to LAN, of Mozambique), and one EMBRAER 195 to
Montenegro Airlines. Moreover, Embraer unveiled 17 EMBRAER 190 sales that
were included in the backlog as “undisclosed customer”: 12 for Aeromexico
and another five to NAS Aviation. The list of new operators was joined by
China’s Kun Peng, TACA Airlines from El Salvador, Petroecuador, and Virgin
Nigeria. Furthermore, in line with contract clauses, US Airways did not
confirm five firm orders, which then became purchase options.

Three ERJ 145 aircraft were not delivered to Grand China Express, a
company of the HNA Group from China, due to a reduction in the growth of
its fleet, and new delivery dates and quantities are now being negotiated.
The flow of deliveries for EMBRAER 190 aircraft to the same customer
continues unaltered.

New executive jet orders in the period included two Legacy 600s to K2
SmartJets, one Lineage 1000 to Royal Jet (representing the Al Habtoor
Group, from the United Arab Emirates), and three Phenom 300s to Ireland’s
JetBird. The number of firm orders for the Phenom family surpassed 800
aircraft, and the Phenom 100 continues on schedule with its program for
being certified in the fourth quarter of 2008.

In the Defense and Government segment, Embraer announced contracts for
three EMB 145 AEW&C (Airborne Early Warning and Control) jets for the
Indian Government, and 12 Super Tucano aircraft to the Chilean Air Force.

The Company’s progress in implementing lean manufacturing processes
throughout all of its divisions continues to contribute towards
establishing a more constant production cadence and meeting delivery
commitments, making it possible to keep aircraft coming off the line and to
achieve more solid financial planning and a more stable cash flow.

» Próximo Post - Volaris Takes Delivery Of Its First Airbus A320
« Post Aneterior - Embraer Signs LAM, from Mozambique, for Two Embraer 190 Jets

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