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Embraer Takes Additional Order from Executive AirShare

Written by thomas · Filed Under Aeronautics News 

October 9, 2008

thomas

Missouri-based company increases its firm orders for the Phenom 300 jet to
six aircraft

SAO JOSE DOS CAMPOS, Brazil, Oct. 9 /PRNewswire-FirstCall/ — 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.

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.

SOURCE Embraer

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