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Embraer Announcement.

Embraer confirms that SWISS has requested Embraer to consider the postponement of its firm order for EMBRAER 170s and 195s. Whilst there is no decision yet in that regard, the companies are in discussions about alternatives. As there are currently only four deliveries (EMBRAER 170) scheduled for SWISS in 2004 and there is potential demand for short term EMBRAER 170 production slots, Embraer does not anticipate a reduction to its forecast of 160 airplanes to be delivered in 2004.

Note to Editors

Embraer (Empresa Brasileira de Aeronautica S.A. - NYSE: ERJ; Bovespa: EMBR3 and EMBR4) is a major aerospace company with 34 years of experience in designing, developing, manufacturing, selling and providing after sales support to aircraft for the global airline, defense and corporate markets. With headquarters in Sao Jose dos Campos, state of Sao Paulo, and offices and customer service bases in Australia, China, France, Singapore and the United States, the Company, as of the end of the 3rd Quarter 2003, has a total workforce of 12,607 people. Embraer is among Brazil's leading exporting companies. As of September 30, 2003 Embraer's firm order backlog totaled US$ 10.4 billion.

This document may contain projections, statements and estimates regarding circumstances or events yet to take place. Those projections and estimates are based largely on current expectations, forecasts on future events and financial tendencies that affect the Company's businesses. Those estimates are subject to risks, uncertainties and suppositions that include, among other: general economic, politic and trade conditions in Brazil and in those markets where the Company does business; expectations on industry trends; the Company's investment plans; its capacity to develop and deliver products on the dates previously agreed upon, and existing and future governmental regulations. The words "believe", "may", "is able", "will be able", "intend", "continue", "anticipate", "expect" and other similar terms are supposed to identify potentialities. The Company does not feel compelled to publish updates nor to revise any estimates due to new information, future events or any other facts. In view of the inherent risks and uncertainties, such estimates, events and circumstances may not take place. The actual results can therefore differ substantially from those previously published as Company expectations.

CONTACT: Rosana Dias of Embraer, +55-12-3927-1311, or cell, +55-12-9724-4929, or fax, +55-12-3927-2411, rosana.dias@embraer.com.br

Web site: http://www.embraer.com.br/
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Publication:PR Newswire
Geographic Code:3BRAZ
Date:Nov 3, 2003
Words:387
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