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São José dos Campos, October 5, 2008 – Embraer is announcing a three-percent increase in the price of the Phenom 300, effective November 1, 2008. The executive jet is already flying in the certification and maturity campaigns, and will be priced at US$ 6.85 million for U.S. Federal Aviation Administration (FAA) certification, based on January 2005 economic conditions, in the baseline configuration.

Since its launch, in May 2005, the Phenom 300 has enjoyed great market acceptance, comprising one-third of the more than 800 Phenom jets on order,” said Luís Carlos Affonso Embraer Executive Vice President, Executive Jets. “Even with this increase over the 2005 introductory price, the Phenom 300 continues to be attractive, as the best combination of comfort, performance, cabin space, and baggage volume in the light jet category.

The first Phenom 300 performed its maiden flight on April 29 of this year, and has accumulated more than 100 test hours, to date. The second Phenom 300 flew on August 5, while the third and fourth aircraft are in the assembly and sub-assembly phases, respectively. The first four jets will be used exclusively for certification and maturity campaigns, and two other airframes will be subjected to structural evaluations.

Last year, Embraer announced the extension of the Phenom 300 cabin by 14 inches (35 cm), without impacting either the performance or the price of the aircraft. The cabin extension enhances passenger space and comfort, and allows for additional layout configurations. The Phenom 300 is designed to deliver the highest speed in its category and the lowest operating cost, with outstanding hot-and-high performance.

Meanwhile, Embraer is investing over US$ 100 million in its executive jets customer support organization and network. By the end of 2008, customers will have 45 service centers available to them, worldwide.

About the Phenom 300 jet

Premium comfort, outstanding performance and low operating costs are key design drivers for the Phenom 300 best-in-class jet. With the interior designed by BMW Group DesignworksUSA, the aircraft will offer pilots and passengers the comfort and style previously unknown in its category. The relaxing ambience is enhanced by generous windows and the most ample cabin in its class.

Onboard conveniences include a wardrobe and refreshment center, an aft cabin private lavatory with toiletry cabinet, satellite communications, and a modern entertainment system. The pilot-friendly cockpit and the docile flying qualities of the new aircraft will enable single pilot operation. Drawing from Embraer’s design and engineering experience, the Phenom 300 is designed for high utilization and availability. For added safety and reliability, the jet will offer a standard anti-skid brake-by-wire system, with carbon brakes.

Based on Garmin’s all-glass, fully-integrated avionics suite, the Prodigy® flight deck offers Phenom jet operators more advantages than any other avionics suite on today’s market. The cockpit features three interchangeable 12-inch displays – two Primary Flight Displays (PFD) and one Multi- Function Display (MFD). The system integrates all primary flight, navigation, communication, terrain, traffic, weather, engine instrumentation, and crew-alert data, and presents the composite information in brilliant, sunlight-readable color on three high- definition displays.

With a configuration to accommodate up to ten occupants, the Phenom 300 jet has a huge 76- cubic-foot (2.15-cubic-meter) baggage capacity that will conveniently transport passengers’ luggage, golf bags and skis. Two Pratt & Whitney Canada PW535E engines, with 3,200 pounds of thrust each, power this jet. Its range with six occupants will be 1,800 nautical miles (3,334 km or 2,071 miles) with NBAA IFR reserves (35 minutes of holding and 100 nm alternate). The aircraft is capable of flying at 45,000 feet (13,716 meters), has a maximum operating speed of Mach 0.78, and is also designed for short-field takeoffs. These capabilities will permit customers to fly nonstop from London (UK) to Reykjavik (Iceland), the Azores, Cairo (Egypt), Tel Aviv (Israel) or Moscow (Russia) at a lower cost than competitive aircraft, including turboprops.

Expected to enter service in the second half of 2009, the Phenom 300 was rolled out on April 14, 2008, and took its first flight on April 29. As of November 1, 2008, the Phenom 300 will be priced at US$ 6.85 million, based on January 2005 economic conditions, for FAA certification, in the baseline configuration. For more information about Embraer Executive Jets, visit​.

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 June 30, 2008, Embraer had a workforce of 23,855 employees and a firm order backlog of US$ 20.7 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.

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