Embraer Breaks Delivery Records

The Phenom executive jets continued to show positive sales results during the second quarter, according to Embraer, 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.
Embraer delivered 52 aircraft during the second quarter of 2008 (2Q08), closing out the semester with record of 97 jets delivered. This result is a 59 percent increase over the 61 airplanes delivered during the first semester of 2007. The company's 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 $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.
The continuity shown by Embraer's production lines has reduced the differences in number of aircraft delivered from quarter to quarter, resulting in better financial planning and also less volatility on its cash flows, said the company.