São José dos Campos, April 15, 2009 – Embraer delivered Executive AirShare’s first Phenom 100 jet, in early April. The fractional aircraft ownership company based in Kansas City, Missouri, U.S., is the first fleet customer to receive a Phenom jet, out of a total firm order for 44 Phenom 100s and six Phenom 300s.
“We congratulate Executive AirShare on the first of many Phenom jets to be delivered in the coming months and years,” said Ernest Edwards, Embraer Vice President, Marketing and Sales, USA, Canada, Mexico, and the Caribbean – Executive Jets. “We are committed to a long-standing relationship with Executive AirShare, and look forward to working together as they enter service with their Phenom fleet.”
In May 2007, Executive AirShare placed their initial order for seven Phenom 100s, with options for seven more. The order was expanded in September of the same year to include two Phenom 300s and options for two more jets. In October 2008, the order was further expanded, and currently is comprised of 50 firm orders for both Phenom 100 and Phenom 300 aircraft.
“We are most impressed with Embraer’ s modern, state-of-the-art facilities, and team of dedicated professionals,” said Keith D. Plumb, Executive AirShare President and Chief Operating Officer. “The Phenom 100 is one of the finest aircraft I've flown, and our employees and shareowners are excited about the addition of this new entry level jet to our fleet.”
Executive AirShare is the only established fractional aircraft ownership company to offer customers both the Phenom 100 and Phenom 300. Executive AirShare’s members have access to their aircraft for a given number of days per year, rather than a strict number of annual flight-hours, as is the case with similar programs.
About Executive AirShare
Executive AirShare was founded in 2001, and operates a fleet of late-model jet and turboprop aircraft serving owners throughout the Central United States. As one of the nation’s largest regional fractional aircraft ownership companies, Executive AirShare offers businesses and individuals the benefits of corporate aircraft without the expense and hassle of managing their own flight operations. The company is based in Kansas City, Mo., but also operates out of Wichita, Kan., Oklahoma City and Tulsa, Okla., Dallas and Fort Worth, Texas. The company currently operates a fleet of 16 aircraft: one Phenom 100, five Beechjet 400As, five King Air 350s and five King Air C90Bs.
By allowing companies and individuals to purchase partial ownership in an airplane, Executive AirShare offers the benefits of aircraft ownership at a fraction of the cost. Each participant pays an initial share, monthly management costs, and low hourly operating rates. In return, owners are given a specific number of days on which they may use the aircraft, annually. Executive AirShare takes care of all the details, including hangar rental, insurance, pilot salaries and training, fuel, engine and airframe maintenance, and cleaning and stocking the aircraft. For more information about Executive AirShare and its services, visit www.ExecAirShare.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 March 31, 2009, Embraer had a workforce of 17,375 employees – not counting the employees of its subsidiaries OGMA and HEAI – and its firm order backlog totaled US$ 19.7 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.