Embraer Sells Six More Embraer 195 Jets to Be Operated by Air Europa

SAO JOSE DOS CAMPOS, Brazil, Dec. 2 /PRNewswire-FirstCall/ — Embraer
signed a firm order with Globalia, owned by Juan Jose Hidalgo, President of
JJH Capital and Air Europa, for an additional six EMBRAER 195 jets, to be
operated by Air Europa, a subsidiary of Globalia. The deal is valued at US$
237 million, at list price, based on January 2008 economic conditions, and
converts the purchase rights originally announced in February 2008. This
transaction is already included in Embraer’s third quarter firm order backlog
as “undisclosed”.

“This is great news for Embraer and we are very pleased to broaden our
relationship with Air Europa. The company’s decision to further expand its E-
Jets fleet makes us really proud,” said Mauro Kern, Embraer Executive Vice
President, Airline Market. “I’m sure the EMBRAER 195 will nicely complement
their wide and narrow body fleets and will play an important role in their
expansion plans.”

The new EMBRAER 195 will be flown by Air Europa on short and medium routes
in Spain, the Balearic and Canary Islands, and Europe. Delivery of the first
aircraft confirming a purchase right, should take place by mid-2010. Air
Europa will be the first operator in the world to fly the EMBRAER 195 in a
single-class, 122-seat layout.

“The E-Jets are a proven product and we are confident the EMBRAER 195 is
the right aircraft to achieve our strategy of growing our network,” said Maria
Jose Hidalgo, General Director of Air Europa. “Configured with 122 seats, the
aircraft offers a highly competitive cost-per-seat against the larger
narrowbodies, without compromising efficiency or passenger comfort.”

It is noteworthy that one aircraft from the original order of six has been
sold by Globalia to an undisclosed customer, resulting in a fleet of 11
EMBRAER 195 jets when all deliveries are completed.

The EMBRAER 195 entered service in September 2006, and is the largest
aircraft of the four-member E-Jets family. On September 30, 2008, Embraer had
logged 865 firm orders and 813 options for the E-Jets family. With a total of
more than 450 aircraft delivered to date, the family has accumulated a
customer base of 52 operators in 34 countries, worldwide, surpassing 2 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

SOURCE Embraer