Eight-Plane Deal Valued At $135 Million

Embraer has signed a contract with Al Jaber Aviation (AJA), a subsidiary of the Al Jaber Group, of Abu Dhabi, United Arab Emirates (UAE), for four Legacy 450 and four Legacy 500 executive jets. The total value of the agreement, at list price, is $134.6 million, based on January 2008 economic conditions. This order is already included in Embraer’s third-quarter backlog, and deliveries are scheduled to begin in 2013.

"We are honored by AJA’s selection of our new Legacy 450 and Legacy 500 to expand its business aircraft fleet," said Luís Carlos Affonso, Embraer Executive Vice President, Executive Jets. "We are certain that the comfort and performance of our newest models will offer AJA customers a premium business travel experience."

This is the second contract signed by Embraer and Al Jaber Aviation. One year ago, at the 2007 Dubai Air Show, Embraer announced the sale of five Lineage 1000 and two Legacy 600 aircraft, with options for another two Lineage 1000s and one Legacy 600 to AJA. The company will begin operating Embraer executive jets in early 2009, when it will receive the first Legacy 600.

"Today marks a very important step in the development of AJA," said Mohammed Al Jaber, Chief Executive Officer of AJA. "Our analysis concluded that the new Legacy 450 and Legacy 500 offer the ideal combination of advanced design, cabin comfort and value for the money. Our partnership with Embraer plays a pivotal role in the success of AJA. We are very much looking forward to the delivery of our first Embraer aircraft, in February 2009, and to providing our clients with unique service."

Al Jaber Aviation (AJA) is a new venture of the Abu Dhabi-based Al Jaber Group. AJA will commence services in February 2009, offering VIP charter flights from Abu Dhabi and Dubai to destinations throughout the world. The company’s goal is to be a global leader in the rapidly growing VIP charter market.

The company has 21 new aircraft on order, including Embraer's Legacy 450, Legacy 500, Legacy 600, and Lineage 1000.

FMI: www.ajaprivatejets.com, www.embraer.com