October 21, 2005
Brazil's Embraer expects to make 1,000 of its new bigger planes seating between 70 and 110 passengers over 10 years, the company's vice president said on Friday.
"The performance by our new family of products is better than expected in the business plan," Artur Coutinho told reporters. Embraer delivered its 100th plane from the Embraer 170-190 line on Friday, 19 months after the first delivery.
At the peak of the cycle, Embraer hopes to produce up to 120 to 130 jets per year. Embraer has previously specialized in smaller regional jets seating up to 50 passengers.
Embraer closed September with 335 firm orders for the 170-190 planes and 383 options. Coutinho said Embraer was in negotiations with various airlines to sell the bigger planes.
Friday's delivery was for Air Canada, which Coutinho said was of extreme importance for Embraer as it meant that not only regional airlines but also world majors were interested in its products.
Air Canada has 60 firm orders and 60 options for Embraer 175 and 190 model planes.
(Reuters)