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Embraer Sells Five Embraer 190 Jets to China's Kun Peng Airlines

Posted on: Friday, 11 July 2008, 18:00 CDT

SAO JOSE DOS CAMPOS, Brazil, July 11 /PRNewswire-FirstCall/ -- Embraer and Kun Peng Airlines Co., Ltd., one of the main operators in the Chinese regional aviation market, signed a contract for five firm orders for the EMBRAER 190 jet, marking an important expansion of Embraer's presence in mainland China. The total value of this agreement is US$ 187.5 million, at list price.

"We are much honored to have Kun Peng Airlines as our new E-Jets family customer," said Mauro Kern, Embraer Executive Vice President, Airline Market. "We have always been confident in China's regional aviation market expansion, and this is an extremely positive sign in that direction. I firmly believe that our customer-friendly EMBRAER 190 will make a strong contribution to Kun Peng Airlines' growth plans and will please Chinese passengers."

Headquartered in Xi'an City, Kun Peng Airlines is a joint venture between China's Shen Zhen Airline and the Mesa Air Group, from the United States, with the Chinese company holding the larger share. Since its start-up in September 2007, Kun Peng already has more than 20 routes in operation. The new EMBRAER 190 of the Chinese airline will be configured with 98 seats in a comfortable dual-class layout, and the first delivery is scheduled for 2008.

"Introducing the EMBRAER 190 jet fits our company's strategy perfectly, and we believe it will definitely benefit both of us, Kun Peng and Embraer, in our long-term cooperation," said Mr. Zhang Pei, General Manager of Kun Peng Airlines. "Kun Peng Airlines is dedicated to building itself into the most sizable, characteristic, and competitive regional airline in China, to promote the development of the Chinese regional aviation industry, and to contribute to China's harmonious civil aviation progress."

The EMBRAER 190 is one of the four members of the E-Jets family, and entered service in August 2005. On June 30, 2008, the EMBRAER 170/190 family of E-Jets had logged 847 firm orders and 827 options from more than 45 customers in 30 countries, with over 1.5 million flight hours.

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.

Headquarters (Brazil) Rosana Dias rosana.dias@embraer.com.br Cell: +55 12 9724 4929 Tel.: +55 12 3927 1311 Fax: +55 12 3927 2411 North America Christine Manna cmanna@embraer.com Cell: +1 954 383 9950 Tel.: +1 954 359 3879 Fax: +1 954 359 4755 Europe, Middle East and Africa Stephane Guilbaud sguilbaud@embraer.fr Cell: +33 6 7522 8519 Tel.: +33 1 4938 4455 Fax: +33 1 4938 4456 China Tracy Chen tracy.chen@bjs.embraer.com Cell: +86 139 1018 2281 Tel.: +86 10 6598 9988 Fax: +86 10 6598 9986

Embraer

CONTACT: Brazil, Rosana Dias, +011-55-12-3927-1311,+011-55-12-9724-4929, fax, +011-55-12-3927-2411, rosana.dias@embraer.com.br;or North America, Christine Manna, +1-954-359-3879, +1-954-383-9950, fax,+1-954-359-4755, cmanna@embraer.com; or Europe, Middle East and Africa,Stephane Guilbaud, +011-331-4938-4455, +011-336-7522-8519, fax,+011-331-4938-4456, sguilbaud@embraer.fr; or China, Tracy Chen,+011-86-10-6598-9988, +011-86-139-1018-2281, or fax, +011-86-10-6598-9986,tracy.chen@bjs.embraer.com, all of Embraer

Web site: http://www.embraer.com.br/

Source: PRNewswire-FirstCall

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