sales announcement at EBACE 2006
EMBRAER RECEIVES FIRST FLEET ORDER IN EUROPE FOR 50 PHENOM 100
São José dos Campos, May 3, 2006 – Embraer today announced that Geneva-based JetBird has acquired 50 Phenom 100 jets and has placed an option for an additional 50 aircraft. The contract allows JetBird to convert its positions into either the Phenom 100 or the Phenom 300.
The value of the contract is in the order of US$ 140 million at list price in January 2005 economic conditions, with a potential of reaching approximately US$ 280 million if all options are converted into Phenom 100. The Phenom 100 is expected to enter service in mid-2008 and JetBird is scheduled to take delivery of its first aircraft in April 2009.
“One year ago today we launched the Phenom 100 and the Phenom 300 at a ceremony in Washington D.C.. We said at the time that Embraer had identified new opportunities in the business aviation segment and announced a portfolio expansion to respond to market needs. There is a significant potential for very light and light jet products in Europe, and we are glad to offer JetBird the Phenom as the right airplane at the right time,” said Maurício Botelho, Embraer President and CEO.
Mr. Dómhnal Slattery, Founder and Chairman of JetBird, commented, “JetBird has a clear and compelling vision that will revolutionize the executive travel market in a manner similar to the low-cost airline transformation of the commercial air travel market. JetBird has chosen the Embraer Phenom 100 and 300 aircraft as they are superior to all other aircraft in their class in terms of space and comfort. They are also designed to achieve high utilization and efficient turnaround times which contribute to lower operating costs and, consequently, better value for customers. We will provide an attractive alternative for existing executive jet users, but also bring the executive jet travel experience to a market for whom it has been too expensive. The commercialization of JetBird’s vision is in the hands of a capable, international team of industry professionals with unparalleled sector experience. We are delighted to have Embraer as a key stakeholder in our business given its exemplary track record of innovation in aircraft design and production.”
With this order, JetBird becomes the European launch fleet customer for the Phenom 100, whose full-scale mock-up interior is being displayed, along with its sister Phenom 300 mockup, at EBACE 2006.
About the Phenom 100 and Phenom 300
The Phenom 100 and the Phenom 300 jets are best-in-class. Premium comfort, outstanding performance and low operating costs are key design drivers for these jets. Both aircraft will offer pilots and passengers the comfort and style unseen in their categories. The relaxing
ambience is enhanced by the size of the generous windows and the most ample cabin in their class. Onboard conveniences include a wardrobe or refreshment center, an aft cabin private lavatory with toiletry cabinet, and satellite communications.
The pilot-friendly cockpit and the docile flying qualities of the two new aircraft will enable single-pilot operation. Drawing from Embraer’s design and engineering heritage, the Phenom 100 and the Phenom 300 will be built for high utilization and availability. For added safety and reliability both jets will offer a standard brake-by-wire system with anti-skid capability.
The Phenom 100 will comfortably accommodate four passengers in a typical club configuration. The generous 55 cubic feet (1.55 cubic meters) baggage compartment is big enough to store their luggage, golf bags and even skis.
It is powered by two Pratt & Whitney Canada’s PW617F engines with 1,615 pounds of thrust each. Its range, with four people onboard and maximum operating speed of Mach 0.7, will be 1,160 nautical miles (2,148 km or 1,335 miles) with NBAA IFR reserves, 35 minutes, and 100 nm alternate; or 1,320 nm (2,445 km or 1,520 miles) with NBAA VFR reserves, 45 minutes. The airplane is designed for short field takeoff performance and is capable of flying at 41,000 feet (12,497 m). These characteristics will allow customers to fly nonstop from Geneva to Stockholm, Kiev, Istanbul or Rabat at a lower cost than competitive aircraft, including turboprops.
The Phenom 100, priced at US$ 2.75 million in 2005 economic conditions for FAA certification, is expected to enter service in mid-2008.
The Phenom 300 jet will be configured to accommodate up to nine people. Its large baggage capacity of 76 cubic feet (2.14 cubic meters) will conveniently transport passengers’ luggage, golf bags and skis.
It is powered by two Pratt & Whitney Canada’s PW535E engines with 3,200 pounds of thrust each. Its range, with six people onboard and maximum operating speed of Mach 0.78, will be 1,800 nm (3,334 km or 2,070 miles) with NBAA IFR reserves and 100 nm alternate. The airplane is also designed for short field takeoff performance and is capable of flying at 45,000 feet (13,716 meters). These capabilities will permit customers to fly nonstop from Geneva to Reykjavik, the Azores, the Canary Islands, Cairo, Tel Aviv or Moscow at a lower cost than competitive aircraft.
The Phenom 300 is expected to enter service in mid-2009 and be priced at US$ 6.65 million, based on 2005 economic conditions, for FAA certification.
More details available at www.embraerexecutivejets.com
JetBird is a Swiss based company developing Europe’s first low-cost, on-demand, executive jet service. JetBird will provide a low cost executive jet service initially from Zurich in 2009 and thereafter from other major European cities. JetBird’s offering is based on the traditional executive jet model of on-demand, premium service but at a significantly lower price point. JetBird’s service will offer the efficiency, flexibility and luxury of current executive jet services but at a cost comparable to current business class travel.
For information on JetBird, please contact Jonathan Neilan on +353 86 231 4135 or JetBird@kcapitalsource.com
Note to Editors
Embraer (Empresa Brasileira de Aeronáutica S.A. - NYSE: ERJ; Bovespa: EMBR3 and EMBR4) is the world’s leading manufacturer of Commercial jets up to 110 seats with 36 years of experience in designing, developing, manufacturing, selling and providing after sales support to aircraft for the global Airline, Executive, and Defense and Government markets. With headquarters in São José dos Campos, state of São Paulo, the Company has offices and customer service bases in the United States, France, Portugal, China and Singapore. Embraer is among Brazil’s leading exporting companies. As of March 31, 2006, Embraer had a total workforce of 17,144 people, and its firm order backlog totaled US$ 10.4 billion.
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