Embraer in Discussions with Argentine Gov't

Embraer confirmed it is negotiating with the Argentine government to establish an aviation cooperation plan. The announcement came yesterday after a meeting between Presidents Luiz Inacio Lula da Silva, of Brazil, and Cristina Fernandez de Kirchner, of Argentina. During the discussions held between Embraer and Argentine government agencies, it was found, on the one hand, that there is the possibility of selling Embraer aircraft to the Argentine market and, on the other, that the Area Material Cordoba (AMC) could be enabled to provide maintenance services and produce parts for Embraer's civilian aircraft. At the present time, there is no commitment signed between the parties, in either case.