– Embraer signed Executive AirShare, from Kansas City, Mo., for an expansion order for the Phenom 300 jet. The deal adds two firm orders to the customer’s current backlog of four firm orders and four options for this model.
Executive AirShare, which is one of the largest regional fractional aircraft ownership companies in the U.S., and also has firm orders for the Phenom 100, had already doubled its order for the Phenom 300 jet in May 2008.
“We are proud of being a part of Executive AirShare’s success by offering modern, comfortable and reliable products,” said Ernest Edwards, Embraer Vice President, Marketing and Sales USA, Canada, Mexico and the Caribbean – Executive Jets. “This additional order confirms, once again, the wide acceptance of our Phenom jets.”
“Both Phenom aircraft offer the range, speed, comfort and payload that our customers are seeking,” said Keith D. Plumb, Executive AirShare President and Chief Operating Officer (COO). “Our shareowners are particularly excited about the progress Embraer is making toward certification of the Phenom 100 and the impressive flight testing performance of the Phenom 300.”
The first Phenom 100 is scheduled to be delivered to Executive AirShare in the second quarter of 2009, while the Phenom 300 is expected for 2011. The two jets are a perfect match for the company, the only established fractional aircraft ownership to offer these two Embraer models. Executive AirShare’s members have access to their aircraft for a given number of days per year rather than a strict number of annual flight-hours, as is the case with most similar companies.
About Executive AirShare
Founded in 2001, Executive AirShare operates a fleet of late-model jet and turboprop aircraft, serving owners throughout the Central United States. As one of the nation’s largest regional fractional aircraft ownership companies, Executive AirShare offers businesses and individuals the benefits of corporate aircraft, without the expense and hassle of managing their own flight operations. The company is based in Kansas City, Mo., and also operates out of Wichita, Kan.; Tulsa, Okla.; and Dallas and Fort Worth, Texas. For more information, visit www.ExecAirShare.com
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 June 30, 2008, Embraer had a workforce of 23,855 employees and a firm order backlog of US$ 20.7 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 Embraer’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 Embraer 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. Embraer 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 Embraer expectations.