EMBRAER SELLS $1.1 BILLION IN LEGACY JETS TO INDIGO
New Orleans, December 14, 2001 - On Wednesday 12, at the National Business Aviation Association (NBAA) Annual Meeting day one, a milestone deal was reached between Embraer and Chicago-based Indigo, a corporate jet service company. Constituting a firm order for 25 Legacy Corporate Shuttles, with options for 50 more, the sale amounts to US$ 1.1 billion. The deal is contingent on Indigo successfully obtaining financing for the order.
The first delivery is expected in August 2002. The largest sale at NBAA 2001 so far, the Indigo deal marks yet another success in the roll out of Embraer’s first corporate jet, the super mid-size Legacy.
“It is very satisfying to be chosen to play an integral role in Indigo’s expansion,” said Sam Hill, Executive Vice President of Embraer, Business Aviation market, “and to have the sale finalized here at NBAA is great news. We were already looking forward to bringing the Legacy to the U.S.; this is a great reception.”
A division of NewWorldAir Holdings, Inc., Indigo provides an executive-level travel experience to frequent business travelers. Backed by Lunn Partners LLC and in part by American Express, Indigo currently operates between Chicago’s Midway airport and New Jersey’s Teterboro airport. That service will be expanded as the new Legacy Corporate Shuttles in 18-seat configuration are added to the fleet.
“We’ve been very pleased to work with Embraer”, said Peter Pappas, Chairman and CEO of Indigo, “and we feel great about choosing the Legacy. It was a decision made after careful study and I’m confident that our very demanding customers will be happy with our choice of aircraft.”
With the announcement of the Indigo deal, the Legacy order book now stands at 73 firm orders and 94 options.
Note to editors
Embraer (NYSE: ERJ; Bovespa: EMBR3 and EMBR4) is the world’s fourth largest commercial aircraft manufacturer and is headquartered in São José dos Campos, state of São Paulo, with offices and customer service bases in Australia, China, France, Singapore and the United States, and a total workforce of 10.9 thousand people. Embraer (Empresa Brasileira de Aeronáutica S.A.) is Brazil’s largest exporter for the two preceding years and from January to October 2001; as of November 30th, 2001 its backlog for firm orders amounts to US$ 10.6 billion and US$ 12.1 billion in options.
Embraer has 32 years of experience in designing, developing, manufacturing, selling and providing after sales support to aircraft aimed for the world airline, corporate and defense markets.
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