– Embraer has signed a contract with Al Jaber Aviation (AJA), a subsidiary of the Al Jaber Group, of Abu Dhabi, United Arab Emirates (UAE), for four Legacy 450 and four Legacy 500 executive jets. The total value of the agreement, at list price, is US$ 134.6 million, based on January 2008 economic conditions. This order is already included in Embraer’s third-quarter backlog, and deliveries are scheduled to begin in 2013.
“We are honored by AJA’s selection of our new Legacy 450 and Legacy 500 to expand its business aircraft fleet,” said Luís Carlos Affonso, Embraer Executive Vice President, Executive Jets. “We are certain that the comfort and performance of our newest models will offer AJA customers a premium business travel experience.”
This is the second contract signed by Embraer and Al Jaber Aviation. One year ago, at the 2007 Dubai Air Show, Embraer announced the sale of five Lineage 1000 and two Legacy 600 aircraft, with options for another two Lineage 1000s and one Legacy 600 to AJA. The company will begin operating Embraer executive jets in early 2009, when it will receive the first Legacy 600.
Mr. Mohammed Al Jaber, Chief Executive Officer of AJA said: “Today marks a very important step in the development of AJA. Our analysis concluded that the new Legacy 450 and Legacy 500 offer the ideal combination of advanced design, cabin comfort and value for the money. Our partnership with Embraer plays a pivotal role in the success of AJA. We are very much looking forward to the delivery of our first Embraer aircraft, in February 2009, and to providing our clients with unique service.”
About Al Jaber Aviation (AJA)
Al Jaber Aviation (AJA) is a new venture of the Abu Dhabi-based Al Jaber Group. AJA will commence services in February 2009, offering VIP charter flights from Abu Dhabi and Dubai to destinations throughout the world. The company’s goal is to be a global leader in the rapidly growing VIP charter market. The selection of the fleet of 21 new aircraft on order, which includes the Legacy 450, Legacy 500, Legacy 600, and Lineage 1000 manufactured by Embraer, was based on their advanced technology, high reliability and superior cabin space.
AJA will provide bespoke luxury travel to individuals, families, companies and government representatives seeking the ultimate in personal travel, both on the ground and in the air. The AJA experience will be about traveling in “Your Private Airspace”, with discrete and intuitive bespoke service.
The Middle East is a critical region in the global VIP charter market. AJA has been designed to tap this market potential, as well as support the strategic direction set out by the country’s leaders, which aims to make the UAE a global hub for VIP aviation. The scale of AJA’s US$ 1.2 billion investment and its commitment to developing a suite of supporting services and facilities bear witness to that. For more information about AJA, visit ajaprivatejets.com
About the Al Jaber Group
The Al Jaber Group (AJC) is a privately owned multi-faceted group of companies. Based in Abu Dhabi, AJC provides professional services in the sectors of construction, heavy lifting & logistics, industrial and trading. The strength of the Group is derived from controlled growth and diversification. AJC demonstrates outstanding capabilities through utilizing varied divisions and resources within the group to support and complement each company.
With a workforce of more than 55,000 people and a total asset base exceeding 10 billion AED (Arab Emirates Dirham), the Group is geared to meet the constantly changing demands of the market by investing in the latest engineering and information technology.
About the Legacy 450 and Legacy 500 jets
The key clean-sheet design drivers of the Legacy 450 and Legacy 500 executive jets are premium comfort, outstanding performance, and low operating costs. While establishing a new paradigm for their respective segments, the interior of the jets, designed in partnership with BMW Group DesignworksUSA, will provide unsurpassed comfort and style: a six-foot (1.82-meter) stand-up cabin with a flat floor and an externally serviced full-breadth aft lavatory. These revolutionary new jets will have best-in-class cabin space, soundproofing, and baggage compartment volume. The Legacy 450 offers a complete refreshment center and the Legacy 500 includes a fully-equipped wet galley.
Rockwell Collins state-of-the-art Pro Line FusionTM avionics suite equips the two jets, which will deliver an unmatched level of capabilities in the midlight and midsize categories, providing extensive situational awareness with a highly intuitive user interface. The flight deck has four 15.1-inch high-resolution displays on a “T” configuration with advanced graphics. Flight deck standard features include such systems as Synthetic Vision, Integrated Flight Information, Advanced Flight Management, and full-flight regimen auto-throttles. Optional Enhanced Vision (EVS) and Head-up Guidance Systems (HGS) will be offered.
Honeywell’s latest-generation HTF7500E engines will power the Legacy 450 and the Legacy 500, with 6,000-7,000 pounds of thrust. This environment-friendly propulsion system, based on the proven HTF7000 platform, incorporates the most recent technologies to achieve high performance requirements, with improved fuel efficiency, ease of maintainability, low operating costs, and reduced noise and emissions.
Both jets will be equipped with a full fly-by-wire actuation system for ailerons, elevators, rudder and spoilers, which is unique to their classes. The redundant high-speed computers and side-stick control will provide a smoother flight for passengers and offer pilots the advantage of effortless response, greater control, increased cockpit comfort, reduced workload, and flight envelope protection.
The Legacy 450 is being designed for a range of 2,300 nautical miles (4,260 km) with four passengers, or 2,200 nautical miles (4,070 km) with eight passengers, including NBAA IFR reserves. These characteristics will allow customers to fly nonstop from Atlanta (USA) to Seattle, New York to Mexico City (Mexico), Moscow (Russia) to Madrid (Spain) or Riyadh (Saudi Arabia), and from Rio de Janeiro (Brazil) to Bariloche (Argentina).
The Legacy 500 is being designed for a range of 3,000 nautical miles (5,560 km) with four passengers, or 2,800 nautical miles (5,190 km) with eight passengers, including NBAA IFR reserves. These characteristics will allow customers to fly nonstop coast-to-coast from Miami to Seattle, New York to Los Angeles, or Los Angeles to Honolulu, in the United States, as well as from Gander (Canada) to Paris (France), Paris to Riyadh (Saudi Arabia), Moscow (Russia) to New Delhi (India), and Rio de Janeiro (Brazil) to Chicago (USA) with a stop in Caracas (Venezuela).
Both the Legacy 450 and the Legacy 500 will have cruising speeds of Mach 0.82, the highest in their classes, and will also provide a reduced time to climb to high altitudes, as well as excellent field performance.
The Legacy 500 is expected to enter service in the second half of 2012, and the Legacy 450 in the second half of 2013. The launch price for the Legacy 450 is US$ 15.25 million and that of the Legacy 500 US$ 18.4 million, based on January 2008 economic conditions. See more about Embraer Executive Jets at www.EmbraerExecutiveJets.com
Note to Editors
Embraer (Empresa Brasileira de Aeronáutica S.A. - NYSE: ERJ; Bovespa: EMBR3) is the world’s largest manufacturer of commercial jets up to 120 seats, and one of Brazil’s leading exporters. Embraer’s headquarters are located in São José dos Campos, São Paulo, and it has offices, industrial operations and customer service facilities in Brazil, the United States, France, Portugal, China and Singapore. Founded in 1969, the Company designs, develops, manufactures and sells aircraft for the Commercial Aviation, Executive Aviation, and Defense and Government segments. The Company also provides after sales support and services to customers worldwide. On September 30, 2008, Embraer had a workforce of 23,745 employees and a firm order backlog of US$ 21.6 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 Embraer’s businesses. Those estimates are subject to risks, uncertainties and suppositions that include, among others: general economic, political and trade conditions in Brazil and in those markets where Embraer 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. Embraer 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 Embraer expectations.