Over one-billion-dollar deal represents Company’s largest Phenom executive jet order

São José dos Campos, December 3, 2007 –Embraer and Flight Options, one of the largest private jet service companies in the world, based in Cleveland, Ohio, U.S., signed a contract for the acquisition of 100 Phenom 300 aircraft, with options for an
additional 50 aircraft of the same model.  This is the Company’s largest Phenom executive jet order, worth US$ 746 million
at 2007 list price, and could reach US$ 1.12 billion, if all options are exercised. An additional agreement for a maintenance and
support program is valued at over US$ 200 million.

“Having the Phenom 300 selected by Flight Options as the one of their main strategies for future growth is both rewarding and an honor for all of us at Embraer. It clearly validates the design concepts of premium comfort, outstanding performance and high availability of the Phenom 300 and solidifies its market-leading position,” said Frederico Fleury Curado, Embraer President and CEO.

The relationship between Embraer and Flight Options dates back to 2003, with the acquisition of its first Legacy 600. The company currently operates a fleet of eight Legacy 600 executive jets.

“Embraer’s reputation for innovation and best-in-class products is evident in every aspect of the Phenom 300,” said Flight Options CEO S. Michael Scheeringa. “With an outstanding combination of performance, cabin comfort and baggage capacity, the Phenom 300 will become the mainstay of the Flight Options fleet.”

In line with Embraer’s vision of providing integrated solutions, Flight Options will have the services of a comprehensive maintenance and support program, customized to the company’s operational profile. This program, combined with the Phenom 300’s high availability design will enable Flight Options to maximize fleet utilization and drive profitability.

The delivery of the first Flight Options Phenom 300 jet is scheduled for the end of 2009. The aircraft will meet the heavy demand for the company’s concept of fractional aircraft ownership, throughout its nationwide service network in the United States.

About Flight Options
Flight Options, LLC, has earned a reputation as a leader and innovator in the private aviation industry. The Cleveland, Ohio-based company will mark its 10th Anniversary in 2008 and offers a complete spectrum of programs from Fractional First™ ownership to leasing, aircraft management, and JetPASS Ultimate Travel Membership. The company is an industry leader in private aviation safety, as well, having been selected by the FAA to partner and participate in the development and implementation of a formal Safety Management System (SMS), which will soon be required of all aviation service providers. Flight Options provides personalized service to its Owners and Members, with a fleet of over 140 aircraft, consisting of the Hawker 400XP, Hawker 850XP, Citation X and Legacy 600. More information is available at www.FlightOptions.com or by calling 877.703.2348.

About the Phenom 300
Premium comfort, outstanding performance and low operating costs are key design drivers for the Phenom 300 best-in-class jet. With the interior designed by BMW Group DesignworksUSA, the aircraft will offer pilots and passengers the comfort and style previously unknown in its category. The relaxing ambience is enhanced by generous windows and the most ample cabin in its class. Onboard conveniences include a wardrobe or refreshment center, an aft cabin private lavatory with toiletry cabinet, and satellite communications. The pilot-friendly cockpit and the docile flying qualities of the new aircraft will enable single-pilot operation. Drawing from Embraer’s design and engineering experience, the Phenom 300 is designed for high utilization and availability. For added safety and reliability, the jet will offer a standard anti-skid brake-by-wire system.  Based on Garmin’s all-glass, fully-integrated avionics suite, the Prodigy® flight deck offers Phenom jet operators more advantages than any other avionics suite on today’s market. The cockpit features three interchangeable 12-inch displays – two Primary Flight Displays (PFD)
and one Multi-Function Display (MFD). The system integrates all primary flight, navigation, communication, terrain, traffic, weather, engine instrumentation, and crew-alerting system data and presents the composite information in brilliant, sunlight-readable color on three high-definition displays.

With a configuration to accommodate up to nine occupants, the Phenom 300 jet has a large 76-cubic-foot (2.15-cubic-meter) baggage compartment that will conveniently transport passengers’ luggage, golf bags and skis.  Two Pratt & Whitney Canada PW535E engines, with 3,200 pounds of thrust each, power this jet. Its range with six occupants will be 1,800 nautical miles (3,334 km or 2,071 miles) with NBAA IFR reserves, 35 minutes and 100 nm alternate. The aircraft is capable of flying at 45,000 feet (13,716 meters) at a maximum cruising speed of Mach 0.78 and is also designed for short-field takeoffs. These capabilities will permit customers to fly nonstop from New York to Denver or Santo Domingo (Dominican Republic); and from Los Angeles to Detroit, Mexico City (Mexico) or Atlanta at a lower cost than competitive aircraft.

Expected to enter service in the second half of 2009, the Phenom 300 is priced at US$ 6.65 million, based on January 2005 economic conditions, in the baseline configuration, for FAA certification.  More details about Embraer’s executive jets and a complete Phenom mock-up tour calendar are available at www.embraerexecutivejets.com.

Original Release

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