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São José dos Campos, May 17, 2011 – Embraer and Portugal’s Ricon Group announced, today, a contract for the acquisition of one Phenom 300 executive jet for its newly created subsidiary Everjets. The agreement was revealed at the 11th Annual European Business Aviation Convention & Exhibition, EBACE 2011 (​), in Geneva, Switzerland. The deal also includes an option for a second unit of the type.

We are pleased to welcome Everjets to our growing Phenom 300 customer base in Europe and support them as they commence operations,” said Colin Steven, Vice President, Marketing and Sales, Europe, the Middle East, and Africa – Embraer Executive Jets. “The Phenom 300 light jet has earned a strong reputation as a game changer in its first years of operations. We are certain that discerning Everjets’ customers will appreciate the new standards of the aircraft, not only in terms of performance, but also in terms of comfort and state-of-the-art  technology.

Everjets plans to start operations with the aircraft in December 2011 in Southern Europe. The Phenom 300 will be available for charter, offering Everjets discerning passengers a striking new product for their travel needs.

We are thrilled to present the Phenom 300 to our customers,” said José Pereira, Everjets’ Chief Executive Officer. “The design of the aircraft perfectly suits our objectives and our target audience of multi-cultural, fashion-conscious clients, who like to travel in style. Those who
enjoy premium comfort, quality of life and who like to experience the latest technologies.”

About Everjets

Everjets is the recently established subsidiary of the Portuguese Ricon Group, an internationally renowned company in the clothing and textiles sector, responsible for production and distribution of several international fashion brands in the Angolan, Brazilian and Portuguese markets. Everjets will focus its services on a considerable group of clients that desires high-quality products and superior services.

About Embraer’s Phenom 300 executive jet

The Phenom 300 was launched in 2005 to establish new standards of comfort and performance in the light jet category. The aircraft went into operation in December 2009 and can accommodate up to 11 occupants, in a spacious and pleasant interior, designed in partnership with BMW Group DesignworksUSA. Swept wings, with winglets, and modern onboard systems were developed with outstanding flight performance in mind. A single refueling port, an externally serviced lavatory, and excellent cabin pressurization are some of the jet’s distinctive features. The Phenom 300 is one of the fastest aircraft in the light jet category, reaching 521 mph (839 km/h, or 453 knots – KTAS), and it can fly at an altitude of up to 45,000 feet (13,716 meters). Its range of 1,971 nautical miles (3,650 km), including NBAA IFR fuel reserves, means the aircraft is capable of flying nonstop from New York to Dallas, in the U.S.; from Lisbon (Portugal) to Stockholm (Sweden) or Istanbul (Turkey), in Europe; or from Delhi (India) to Dubai (United Arab Emirates).

Note to Editors

Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: 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, China, France, Portugal, Singapore, and the U.S. Founded in 1969, the Company designs, develops, manufactures and sells aircraft and systems for the commercial aviation, executive aviation, and defense and security segments. It also provides after sales support and services to customers worldwide. On March 31, 2011, Embraer had a workforce of 17,253 employees – not counting the employees of its partially owned subsidiaries – and its firm order backlog totaled USD 16.0 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.

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