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EMBRAER SIGNS M1 TRAVEL FOR UP TO 10 EMBRAER 190 E-JETS

Most of these aircraft will be operated by Switzerland-based Flybaboo São José dos

Campos, February 26, 2007 - Embraer and M1 Travel Ltd. announce acontract for five EMBRAER 190 E-Jets, with options for five more of either the samemodel or the bigger EMBRAER 195, depending on market demands. M1 Travel Ltd is asubsidiary of M1 Group and one of the largest shareholders of Geneva-based Flybaboo SA.The first three EMBRAER 190s, with deliveries starting in 2008, will be leased by M1 toFlybaboo. The total value of the deal, if all options are exercised, could reach US$ 355million, at list prices. The aircraft will be equipped with leather seats, and M1 Travel Ltd. has the option to fit themwith a state-of-the-art in-flight entertainment (

IFE) system. The company has also selectedthe Steep Approach option that will enable themto operate out of

London

City

Airport and willalso allow operation out of

Switzerland’s

Sion

Airport, as well as

Lugano, Switzerland, and

Florence, Italy, all requiring airplanes with special performance capabilities. All of the EMBRAER 190s leased to Flybaboo SA will support the airline’s currentdevelopment, as well as help it reach new destinations and better serve its market.“M1 Travel’s decision to select the EMBRAER 190 as its new-generation jet and backboneof the company’s growth strategy in

Europe makes us especially proud,” said FredericoFleury Curado, Embraer Executive Vice-President, Airline Market. “The EMBRAER 190will help the airline move to new heights with its unparalleled combination of rightcapacity, cabin comfort, effective performance, and superior economics. Flybaboo hasexperienced remarkable development since its foundation and we look forward to seeingour Embraer E-Jets playing a significant role in their future.” “One of the reasons behind Flybaboo’s success is the strong commitment we have to ourclients,” said Julian Cook, Founder and Managing Director of Flybaboo. “I often say thatwe don’t have passengers, we have clients. And we pay great attention to the service weare providing them. Comfort is one of our constant concerns and I’m truly convinced that,with the EMBRAER 190, we will be offering the highest quality of comfort and service toour clients.”

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