EMBRAER ANNOUNCES CONTRACT WITH BRA
SÃ£o JosÃ© dos Campos, August 21, 2007 â€“ Embraer signed a contract, today, in SÃ£o JosÃ© dos Campos
with Brazilian airline BRA Transportes AÃ©reos for the sale of 20 EMBRAER 195 jets, with another 20
options for the same model, ratifying the preliminary commercial agreement signed in June,
during the Paris Air Show. Furthermore, BRA has 20 rolling options, which, if confirmed, provide
purchase rights for another 15 aircraft, and the overall order could total 75 jets. The value of the
firm order, at list price, is US$ 730 million, under the economic conditions of January 2007 (not including optional equipment ordered by BRA), and could come to US$ 2.7 billion, if all of the other 55 jets are confirmed. The EMBRAER 195 is the largest member of a new family of four commercial jets serving the 70 to 120-seat market â€“ the E-Jets.
The ceremony was attended by the President of Brazil, Mr. Luiz InÃ¡cio Lula da Silva, Ministers
of State, Federal, State and Municipal dignitaries, members of the press, and Embraer employees.
BRA Transportes AÃ©reos stands out as the first Brazilian airline to operate Embraerâ€™s modern
E-Jets in Brazil, joining 38 other renowned airlines, in 26 countries, which have also chosen
these Brazilian aircraft. BRA had already signed a leasing contract with GE Commercial
Aviation Services (GECAS) to operate another two new EMBRAER 195 jets, with the delivery
schedule expected to begin during the first semester of 2008.
â€œWe are very happy to receive confirmation of the first sale of our E-Jets to a Brazilian
airline,â€ stated Frederico Fleury Curado, Embraer President and CEO. â€œIt is our belief that
the EMBRAER 195 will exercise a positive influence for changing the commercial aviation
scenario in Brazil and that BRA will stand out, nationwide, for its efficiency and superior
level of comfort for its passengers.â€
From 1997 to 2005, the number of Brazilian cities served by domestic flights was reduced by
about 30%, thus increasing concentration on routes representing greater demand. Another
aspect that has come to the forefront throughout the years in the Brazilian domestic market, in
detriment to airline passengers in Brazil, are operations based on multi-stop routes, due to the
use of aircraft with larger capacity.