Embraer Reports Strong Q2

Embraer recorded second quarter 2008 (2Q08) net sales of $1,635.0 million and net income of $134.4 million, equivalent to diluted earnings per ADS of $0.7427. The manufacturer delivered 52 aircraft during 2Q08, an increase of 44.4 percent compared to 36 deliveries in the second quarter of 2007 (2Q07), closing out the semester with a record 97 jets delivered. This result represents a 59 percent increase over the 61 airplanes delivered during the first semester of 2007. Embraer reaffirms its estimate of delivering 195 to 200 jets in 2008, tending toward the higher figure, as well as ten to 15 Phenom 100 jets. For a complete report see the next issue of Regional Aviation News.