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Embraer Sells the Third E-Jet to Japan's Fuji Dream Airlines

Posted on: Monday, 15 June 2009, 13:46 CDT

SAO JOSE DOS CAMPOS, Brazil, June 15 /PRNewswire-FirstCall/ -- Embraer (NYSE: ERJ) has sold a third E-Jet -- an EMBRAER 175 -- to Japan's Fuji Dream Airlines, a company of the Suzuyo Group. The original contract, signed in November 2007 with the Suzuyo Group, covered a firm order for two EMBRAER 170s and purchase rights for another aircraft of the same model. That contract was amended, opening the way for Fuji Dream to order the EMBRAER 175. This transaction is already included in Embraer's first quarter firm order backlog.

"Demonstrating Fuji Dream's confidence in our E-Jets family, the confirmation of this purchase is remarkable," stated Mauro Kern, Embraer Executive Vice President, Airline Market. "Brazil and Japan have a long-standing cultural and business partnership, which we are proud to expand, and we will continue working hard to exceed Fuji Dream's expectations."

Fuji Dream already received its first two EMBRAER 170s and will start revenue services in July. The delivery of the new aircraft model, the EMBRAER 175, is scheduled to take place in 2010. It will be configured in a single class with 84 seats, enhancing the flexibility of the airline's fleet. Currently, more than 250 aircraft of these models are flying, worldwide, including Japan, delivering high reliability, outstanding cabin comfort and superior economics to airline customers and passengers.

The EMBRAER 170/190 family of E-Jets consists of four commercial jets -- EMBRAER 170, EMBRAER 175, EMBRAER 190 and EMBRAER 195 -- with seating capacities from 70 to 122 seats, featuring advanced engineering design, efficient performance, outstanding operating economics, low emissions levels and a spacious cabin. On March 31, 2009, the E-Jets family had logged 875 firm orders and 792 options. With nearly 600 aircraft delivered, these four jets had surpassed 2.4 million flight hours, carrying over 110 million passengers.

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

Source: PR Newswire

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