São José dos Campos, November 12, 2007
– Embraer has signed Al Jaber Aviation of Abu Dhabi, United Arab Emirates, for the sale of five Lineage 1000 and two Legacy 600 executive jets. The company also placed options on another two Lineage 1000s and one Legacy 600. The total value of the agreement, at list price, is US$ 265.57 million, and can reach US$ 376.88 million, if all options are exercised.
“We are especially honored by the confidence Al Jaber Aviation has placed in us by choosing our jets to expand its fleet. This is the largest single order for Embraer Executive Jets in the Middle East and a strong indication that our products are meeting customer expectations in this region,” said Luís Carlos Affonso, Embraer Executive Vice President, Executive Jets.
The announcement of the deal was made at the 2007 Dubai Air Show, November 11-15. Al Jaber Aviation will receive its first Legacy 600 in February 2009 and the Lineage 1000 deliveries are scheduled to begin in May 2010. The airplanes will be used for on-demand charter service.
“We have been carefully assessing which would be the best airplanes to support our development,” said Mohammed Obaid Al Jaber, Al Jaber Aviation CEO. “The main criteria we had were the comfort provided to our customers and the jets’ overall performance. After several months of evaluation, the Lineage 1000 and the Legacy 600 are clearly the best choice.”
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 September 30, 2007, Embraer had a workforce of 23,770 employees and a firm order backlog of US$ 17.2 billion.
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