SAO JOSE DOS CAMPOS, Brazil, Sept. 18 /PRNewswire-FirstCall/ -- Embraer
(NYSE: ERJ) announced that EgyptAir Holding Company has placed a firm order
for six EMBRAER 170s, with options for another six aircraft of the same
type. Delivery of the first aircraft is scheduled for April 2007, when
EgyptAir celebrates its 75th anniversary.
The EMBRAER 170 will operate under EgyptAir's newly created subsidiary,
EgyptAir Express, and the aircraft will be the launch airliner in EgyptAir
Express' newest fleet. The aircraft will be configured in a single class
layout, comfortably seating 76 passengers with leather seats.
"We particularly take pride in selecting the product that would best
serve our needs. Indeed, following a very technical assessment, the EMBRAER
170 came out as the right aircraft to help launch our new subsidiary,
EgyptAir Express," said Eng. Atef Abdul Hamid, Chairman of EgyptAir Holding
Company, who commented on the new acquisition. "We consider Embraer a true
winner, as the EMBRAER 170 perfectly responds to the new concept we are
implementing within our continuing growing market."
"The EMBRAER 170 will offer the highest level of comfort to our
passengers when we start our operations in April 2007. And this is exactly
what we want to achieve with EgyptAir Express: a high profile domestic and
regional airline, which will not only serve, but will exceed our customers'
expectations," said Mohamed Hassan, Chairman of EgyptAir Express.
The EMBRAER 170's operations intend to serve primary and secondary
destinations and integrate them within the Egyptian domestic and regional
"Being one of the pioneering airlines in the world, EgyptAir truly
honors us with this order. Above all, the airline's rigorous technical and
operation evaluation to select the EMBRAER 170 makes the choice even more
satisfying for Embraer," said Frederico Fleury Curado, Embraer Executive
Vice-President, Airline Market. "The versatility of the E-Jets evidently
proved crucial in EgyptAir's selection of the EMBRAER 170. That is an
important validation of our strategy of providing airlines with flexibility
to match demand and allow rapid adaptation to a market that constantly
evolves. The E-Jets are new concept aircraft models designed for new
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Note to Editors
Embraer (Empresa Brasileira de Aeronautica S.A.) (NYSE: ERJ) (Bovespa:
EMBR3) is the world's leading manufacturer of Commercial jets up to 110
seats with 37 years of experience in designing, developing, manufacturing,
selling and providing after sales support to aircraft for the global
Airline, Executive, and Defense and Government markets. With headquarters
in Sao Jose dos Campos, state of Sao Paulo, the Company has offices and
customer service bases in the United States, France, Portugal, China and
Singapore. Embraer is among Brazil's leading exporting companies. As of
June 30, 2006, Embraer had a total workforce of 17,538 people, and its firm
order backlog totaled US$ 10.2 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 the Company'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 the Company 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. The Company 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 Company expectations.
SOURCE Empresa Brasileira de Aeronautica S.A.