in the news today:
SA - Florida">NEW YORK -(Dow Jones)- Empresa Brasiliera de Aeronautica SA , or Embraer, cut its 2003 aircraft delivery forecast because of a delivery deferral by one carrier and a potential postponement by another.
Excluding the eight Embraer 170 aircraft initially scheduled to be delivered to the two carriers this year, Embraer now expects total deliveries of 102 aircraft, rather than the 110 previously anticipated.
In a press release Thursday, Brazil's Embraer said the Embraer 170 aircraft has received provisional certification from the Brazilian airworthiness authority, Centro Tecnico Aerospacial, and a similar certificate from the U.S. Federal Aviation Administration is expected shortly.
However, the documentation for the aircraft's flight control system software certification must be supplemented before a definitive certification is granted, which is expected in the first quarter of 2004.
As a result, Alitalia S.P.A.'s (AZA.MI) Alitalia Express rescheduled delivery of its aircraft to 2004, after definitive certification is granted. Embraer said it is in talks with US Airways Group (UAIR) aimed at defining initial deliveries of the Embraer 170.
As of Sept. 30, the Embraer 170/190 product lie had 245 firm orders and 308 purchase options.
Embraer plans to hold a conference call at 8 a.m. EST Friday to review its third-quarter results and the Embraer 170 certification.
Do you think this could have any sort of impact in new orders?