ILFC Signs Final Agreement For Up To 100 Embraer E-Jets E2s

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Jul 17, 2013, 08:54 ET

SAO JOSE DOS CAMPOS, Brazil, July 17, 2013 /PRNewswire/ -- Embraer Commercial Aviation and International Lease Finance Corporation (ILFC), a global leader in the leasing and remarketing of jet aircraft to commercial airlines, have signed the final agreement for 50 firm E-Jets E2 orders: 25 E190-E2s and 25 E195-E2s. The firm order has an estimated value of USD 2.85 billion at current list prices. The contract, announced as a Letter of Intent (LOI) at the Paris Air Show, in June, also contains options for an additional 25 E190-E2s and 25 E195-E2s, bringing the potential order to up to 100 aircraft.

Embraer's E-Jets E2s represent the Company's commitment to continuous investment in its line of commercial jets and its leadership in the 70 to 130-seat aircraft capacity segment. The three new airplanes (E175-E2, E190-E2, and E195-E2) are designated as "E2" signifying generational changes in technologies that have been incorporated in the design. Each of the three aircraft has the versatility for a range of single class, multi-class, or high-density seat capacities to suit operator requirements. Their cabins have a new "look and feel" that will offer an even greater standard of comfort and a superior passenger experience.

State-of-the-art engines, in combination with new aerodynamically advanced wings, new engines, full fly-by-wire flight controls, and advancements in other systems will result in double-digit improvements in fuel burn, maintenance costs, emissions, and external noise.

The first delivery of an E-Jets E2 aircraft (the E190-E2) is planned for the first semester of 2018. The E195-E2 is slated to enter service in 2019 and the E175-E2 in 2020. Over 950 E-Jets have been delivered to date. Currently, 65 customers from 45 countries have added Embraer E-Jets to their fleets.

Note to Editors

Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) is the world's largest manufacturer of commercial jets up to 120 seats, and one of Brazil's leading exporters. Embraer's headquarters are located in Sao Jose dos Campos, Sao Paulo, and it has offices, industrial operations and customer service facilities in Brazil, China, France, Portugal, Singapore, and the U.S. Founded in 1969, the Company designs, develops, manufactures and sells aircraft and systems for the commercial aviation, executive aviation, and defense and security segments. It also provides after sales support and services to customers worldwide. For more information, please visit www.embraer.com.br.

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.

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SOURCE Embraer S.A.