SAO JOSE DOS CAMPOS, Brazil, Sept. 25 /PRNewswire-FirstCall/ -- Embraer has signed Executive AirShare, of Kansas City, Mo., to a fleet expansion order of three Phenom 100 and two Phenom 300 aircraft, with options for an additional three Phenom 100 and two Phenom 300 jets. Last May, the U.S. fractional aircraft ownership company placed an order for seven Phenom 100 jets, plus seven options for additional aircraft of the same model. The total value of the new agreement is US$ 22.24 million, and could double, if all options are exercised.
"We are honored by this additional order from Executive AirShare, which we understand as recognition that the Phenom jets are the ideal choice for their business," said Luis Carlos Affonso, Embraer Executive Vice President, Executive Jets. "We are confident that the comfort, style and capabilities of both the Phenom 100 and the Phenom 300 will be very pleasing to Executive AirShare's customers and passengers."
With the new order, the U.S. operator now reinforces its confidence in the Phenom jets by expanding its original order, and will operate both the Phenom 100 and Phenom 300. The first Phenom 100 delivery is scheduled for the third quarter of 2010, and deliveries of the Phenom 300 are expected to begin in the second quarter of 2011.
"The Phenom 100 is the largest and most capable very light jet, and the Phenom 300 has the best payload and range capabilities in its class," said Robert D. Taylor, President and CEO of Executive AirShare. "Our owners will appreciate the range, speed, comfort and luggage-carrying capabilities of both these aircraft."
The Phenom jets will fit well into Executive AirShare's concept, where fractional owners have access to their aircraft for a given number of days per year, rather than a strict number of flight-hours per year. Furthermore, Executive AirShare customers have the use of the aircraft for an entire day, unlike national ownership planes that fly multiple customers to different locations on the same day with the same aircraft.
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.
