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São José dos Campos, October 18, 2006 - Embraer announced that Valencia-based Wondair has acquired 24 Phenom 100 jets. The Spanish on-demand operator has also placed an option for an additional 12 aircraft. The contract allows Wondair to convert its positions from Phenom 100 to Phenom 300.

The contract, worth just over US$ 70 million at list price, based on January 2005 economic conditions, has a potential of reaching US$ 105 million, if all options are converted into Phenom 100 jets. Deliveries to Wondair will start during the second half of 2009.

Smart is the key word behind this deal,” says Javier Diez, Wondair CEO. “I see no other word to summarize the selection process which was based on the innovative business plan we have established for Wondair for the future. Although we’ve been considering many other aircraft, the smart choice was the Phenom 100. The aircraft is ideally suited for the operation we are planning. It has the largest cabin in its class, translating into the best comfort for our passengers. Moreover, Embraer’s experience in developing reliable aircraft designed for heavy-duty operations has played a significant role in our final decision

We are both pleased and excited with Wondair’s choice of the Phenom 100 for its fleet expansion,” said Luís Carlos Affonso, Embraer Executive Vice-President, Executive Jets. “The Phenom 100’s design for high availability and reliability, with all the stylish comfort passengers expect, will serve both Wondair and its customers. We are particularly proud of receiving this order from an experienced and renowned operator like Wondair, and we look forward to a successful relationship.”

Embraer’s Phenom 100 is a natural fit for ownership management programs and air taxi operations, in that it is designed for high utilization and high reliability for at least 35,000 operation cycles. Although business jets typically operate around 500 hours per year, the Phenom jets’ design philosophy of high availability and reliability is the same as that of the ERJ 145 and EMBRAER 170/190 commercial jet families that operate well over 2,000 hours per year.

About Wondair

Wondair On Demand Aviation, S.L. is a Spanish company arisen from its owners’ relationship with the aviation world. Alfredo Gregori, one of the owners of the Spanish food group and proprietor of Wondair, began using executive aviation ten years ago in order to nimbly carry out his flourishing food business. With its own distribution all over Spain (60 contractors and over 500 delivery vans) and factories in Portugal, Turkey and Morocco, time came when conventional means of transport did not provide reasonable solutions.

To meet such needs, the first Cessna 414 was purchased. Then a Corvette jet was bought and the benefit of the service became undeniable. Convinced of the value that executive aviation had added to his business and given the low development level of Spain in this area, Mr. Gregori decided to acquire the company with which he had signed the Corvette management agreement.

With the firm intention to create a solid business with good prospects, he also decided to constitute or acquire other companies that would permit both vertical and horizontal integration of the business. The fleet was increased by purchasing four new units and Interwelcome VIP Handling Services was created in order to support geographic expansion projects. Other Air Services division were created under Aeropublic trademark and steps were taken to develop a business of pilot and crew training, as well as aircraft maintenance.

In less than a decade, Wondair will grow to a size similar to that of the Mr. Gregori’s food group, in terms of revenues, and will employ over 200 people within the next five years. By 2011, our fleet will have expanded to more than 45 aircraft and at least six permanent bases will be operative, covering the whole country. Our handling business will continue to grow along with the main aviation business development. By 2012, our established aviation business will reach yearly revenues in the order of US$ 120 million. To us, aviation as a means of transport has turned into a business in itself.

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About Embraer Phenom Jets

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 previously unknown 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 flight characteristics 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.

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 pilot-friendly 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-alerting system data and presents the composite information in brilliant, sunlight- readable color on three high-definition displays.

The Phenom 100 jet will comfortably accommodate four passengers in the club seat configuration. Its large baggage capacity of 55 cubic feet (1.56 cubic meters) will conveniently transport passengers’ luggage, golf bags and skis.

The Phenom 100 is powered by two Pratt & Whitney Canada PW617F engines with 1,615 pounds of thrust each. Its range with four occupants onboard 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 nautical miles (2,445 km or 1,519 miles) with NBAA VFR reserves, 45 minutes. The Phenom 100 is capable of flying at 41,000 feet (12,497 m) with a maximum operating speed of Mach 0.70 and is designed for short-field takeoff performance. These characteristics will allow customers to fly nonstop from New York to Miami, from Los Angeles to Vancouver or Denver at a lower cost than competitive aircraft, including turboprops.

Priced at US$ 2.85 million, based on January 2005 economic conditions, baseline configuration, for FAA certification, the Phenom 100 is expected to enter service in mid- 2008.

The Phenom 300 jet will be configured to accommodate up to nine occupants with a 76- cubic-foot (2.15-cubic-meter) baggage compartment.

The Phenom 300 is powered by two Pratt & Whitney Canada PW535E engines with 3,200 pounds of thrust each. Its range with six occupants onboard will be 1,800 nautical miles (3,334 km or 2,071 miles) with NBAA IFR reserves, 35 minutes and 100 nm alternate. The Phenom 300 is capable of flying at 45,000 feet (13,716 meters) with a maximum operating speed of Mach 0.78 and is also designed for short-field takeoff performance. These capabilities will permit customers to fly nonstop from New York to Denver or Santo Domingo (Dominican Republic); from Los Angeles to Detroit, Mexico City (Mexico) or Atlanta at a lower cost than competitive aircraft.

Priced at US$ 6.65 million, based on January 2005 economic conditions, baseline configuration, for FAA certification, the Phenom 300 is expected to enter service in mid- 2009.

More details about Embraer’s executive jets and a complete Phenom mock-up tour calendar are available at

Note to Editors

Embraer (Empresa Brasileira de Aeronáutica S.A. - NYSE: ERJ; Bovespa: EMBR3) is the world’s leading manufacturer of Commercial jets up to 110 seats with 37 years of experience in designing, developing, manufacturing, selling and providing after sales support to aircraft for the Commercial Aviation, Executive Aviation, and Defense and Government segments. 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 September 30, 2006, Embraer had a total workforce of 18,336 people, and its firm order backlog totaled US$13.3 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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