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 market. "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 concept operations." Embraer Image Gallery Visit the Embraer Image Gallery at http://www.embraer.com 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.