Embraer recorded first quarter 2009 net sales of $1,154.1 million and a net loss of $ 23.4 million, equivalent to diluted losses per ADS of $ 0.1289. Due to the severe worldwide economic downturn since September 2008, Embraer recorded cancellations of some of the firm orders of its executive aviation backlog as well as deferrals of deliveries scheduled for the commercial aviation segment. As a
result, the Company