Press and Events


22/05/2007

EMBRAER ANNOUNCES K2 SMARTJETS OPERATION WITH LEGACY 600

São José dos Campos, May 22, 2007 – Embraer announces that K2 SmartJets will start its operations with one Legacy 600. The agreement also includes options to acquire two more Legacy 600 business jets. This order was already included in Embraer’s backlog.

The aircraft will be performing mid and long-range flights from Athens to various destinations in Europe, the Middle East, Asia and Latin America. The company plans to develop its business around this size of executive jet.

The Legacy 600 will enable us to offer premium flight services to our member clients and third-party charter operators,” said Andreas Karotsieris, CEO of K2 SmartJets. “Its large cabin is undoubtedly an unbeatable asset for the operations we are considering from our Athens base.

We are honored with K2 SmartJets selection of the Legacy 600,” said Luís Carlos Affonso, Embraer Executive Vice President, Executive Jets. “Greece has a long-standing history in the maritime shipping industry and now represents a fast-growing market for business air travel. We are truly convinced that K2 SmartJets is opening a new era in this region.”

With a range of 3,250 nautical miles (6,019 km) with eight passengers and NBAA IFR reserves, K2 SmartJets’ Legacy 600 will be capable of flying non-stop from Athens to any capital of the 27 countries which form the European Union.

The Legacy 600 is already in operation with the Greek Air Force. K2 SmartJets will be the first civilian operator to fly the Legacy in the country.

About K2 SmartJets

K2 SmartJets was founded in 2007 by a group of private entrepreneurs from various sectors, including the maritime shipping and air transportation industries.

The group has many years of experience in air travel, including several operations involving Embraer jets, within the rapidly expanding market in Greece, and plans to offer private jet charter flights, as well as corporate flights, placing new emphasis on hospitality and client needs.

Creating relationships with strategic partners to offer advanced services and dependability, K2 SmartJets’ objective is to enhance the essence of business air travel with innovative solutions and offering unique savings.

More information on K2 SmartJets is available by phone 30 (210) 353 6112, fax 30 (210) 353 7777, email info@k2smartjets.com, or at the site www.K2SmartJets.com.

About the Legacy 600

The Legacy 600 provides premium comfort and privacy for up to 19 passengers in three distinct seating areas.

Interior standard features include first-class leather seats, a plush divan, an elegant credenza, and spacious tables for dining or meetings. The aircraft also has a full-size galley for hot and cold meals, a full-breadth aft lavatory, wardrobe and storage cabinet, and an entertainment system with DVD players and satellite telecommunications. High Speed Data (HSD) and Wireless Fidelity (Wi-Fi) optional capability allows customers to browse the Internet, access email and transfer files.

The 240-cubic-foot (6.8 cubic-meter) baggage compartment of the Legacy 600 is one of the largest in the industry and is easily accessible during flights for greater passenger convenience.

The Legacy 600 cruises at a speed of up to Mach 0.80 and offers a range of 3,250 nautical miles (6,019 km or 3,740 miles) with eight passengers and NBAA IFR reserves. This range, bolstered by superior passenger and luggage capacity, enables our customers to fly nonstop from New York (U.S.) to London (U.K.); from London to Dubai (United Arab Emirates); and from Moscow (Russia) to Addis Ababa (Ethiopia) at lower operating costs than competitive aircraft with similar cabin size.

Additionally, the Legacy 600 is the largest business jet certified to operate into and out of London City Airport, being capable of flying to Moscow and back with eight passengers.

The super midsize twin-engine business jet is based on the successful ERJ 145 regional jet family platform that has accumulated more than 11 million flight hours on nearly 1,000 aircraft. With a platform designed to endure an average of 2,500 hours per year, a low operating cost and a track record of over 99 percent dispatch availability, the Legacy 600 offers luxurious comfort and confirms its heritage of high utilization.

The Legacy 600 is priced at US$ 24.7 million, based on January 2007 economic conditions.

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 March 31, 2007, Embraer had a workforce of 21,005 employees and a firm order backlog of US$ 15.0 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 others: general economic, political 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.

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