SAO JOSE DOS CAMPOS, Brazil, Nov. 12 /PRNewswire-FirstCall/ -- Falcon Aviation Services (FAS) of Abu Dhabi, United Arab Emirates (UAE), ordered eight Embraer Executive Jets: four Phenom 300s, three Legacy 600s and one Lineage 1000 aircraft. The total value of the deal, at list price, is US$ 145.78 million. This order is already included in Embraer's backlog.
"We are very delighted to receive this order from an experienced and renowned operator like Falcon Aviation Services," said Luis Carlos Affonso, Embraer Executive Vice President, Executive Jets. "FAS customers will appreciate the luxurious interior and premium comfort offered by several cabin zones in the Legacy 600 and Lineage 1000, as well as the Phenom 300, which has the largest cabin and baggage compartment in the light jet category."
The deal was announced at the 2007 Dubai Air Show, November 11-15. FAS will receive its first Legacy 600 in the second quarter of 2008. The Lineage 1000 delivery is scheduled for the second quarter of 2010, and the first Phenom 300 will be available in the second quarter of 2011.
"The Embraer Executive Jets allow us to cover all segments with aircraft that offer spacious cabins and comfort," said HH. Dr. Sheikh Sultan, owner and CEO of Falcon Aviation Services. "In addition, Embraer's experience in developing jets with high availability gives FAS the right tool to continue its aggressive growth strategy."
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.
Source: Empresa Brasileira de Aeronautica S.A.