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São José dos Campos, October 17, 2006 - Embraer announced at the National Business Aviation Association (NBAA) Annual Meeting and Convention that Avantair, a leading provider of fractional aircraft shares, has placed an order for 20 Phenom 100 executive jets. Avantair’s firm contract has an order value of US$ 57 million at list price, based on January 2005 economic conditions. The Phenom 100 is expected to enter service in mid- 2008 and Avantair is scheduled to take delivery of its first aircraft in June 2009.

The Phenom 100 is a perfect addition to our fleet,” stated Matt Doyle, Avantair Vice-President of Sales. “It gives us an advantage in the marketplace by allowing us to offer our existing and potential owners the best in the Very Light Jets category in both fuel efficiency and cabin comfort.

The addition of Embraer’s Phenom 100 to Avantair’s current fleet will allow them to offer a wider variety of aircraft and fractional shares program options. Avantair also offers custom programs and travel solutions that provide the highest quality of customer service.

We are honored by Avantair’s order and are confident that the Phenom 100 will offer the finest in performance, reliability, and efficiency, as well as premium comfort, to its passengers,” said Luís Carlos Affonso, Embraer Executive Vice-President, Executive Jets. “We look forward to building a strong and mutually rewarding relationship with Avantair.”

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

About the Phenom 100 Jet

The Phenom 100 is best-in-class. Premium comfort, outstanding performance and low operating costs are key design drivers for this jet. The aircraft will offer pilots and passengers the comfort and style previously unknown in is category. The relaxing ambience is enhanced by the size of the generous windows and the most ample cabin in its 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 new aircraft will enable single-pilot operation. Drawing from Embraer’s design and engineering heritage, the Phenom 100 will be built for high utilization and availability. For added safety and reliability the jet will offer a standard brake-by-wire system with anti-skid capability.

Based upon 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 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.

The Phenom 100 is priced at US$ 2.85 million, based on January 2005 economic conditions, for FAA certification, and is expected to enter service in mid-2008.

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

About Avantair

Avantair Inc. is the exclusive provider of fractional aircraft shares of the Piaggio Avanti P.180 aircraft. The Avanti - the world’s fastest turboprop - rivals the speed of most light cabin jets. The aircraft also boasts the same size cabin cross section as a Falcon 50 and has the benefit of the fuel efficiency of a turboprop. The fleet is managed at a new state-of-the- art Operations Command Center. Avantair offers private travel solutions for individuals and companies at a fraction of the cost of whole aircraft ownership.

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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