EgyptAir Holding Confirms Six Embraer 170 Jets

Released on Tuesday, February 19, 2008

S�o José dos Campos, February 19, 2008 � Embraer received confirmation from EgyptAir Holding Company for six additional EMBRAER 170 aircraft. Deliveries will begin in 2009. The original contract, covering six firm orders and six options (now confirmed), was announced in September 2006. The total value of the new agreement, at list price, is US$ 189 million.

"We are honored to get the confirmation for an additional six EMBRAER 170s that further strengthens our relationship with EgyptAir, one of the most traditional airlines in the world, founded over 75 years ago," commented Mauro Kern, Embraer Executive Vice President, Airline Market. "EgyptAir Express' decision to further expand its regional fleet with the EMBRAER 170 shows the suitability of these airplanes for many different airline business models and their passenger requirements."

These EMBRAER 170s will be configured with flexible Premium and Economy class cabins, comfortably seating 76 passengers in leather seats, operating under EgyptAir's newly created subsidiary, EgyptAir Express. The airplanes will be deployed on the carrier's primary and secondary routes and will be fully integrated with domestic and regional markets.

"We are extremely satisfied with our EMBRAER 170 operation," said Eng. Atef Abdul Hamid, Chairman of EgyptAir Holding Company. "This E-Jet gives us the unique combination of operational flexibility, distinctive passenger comfort and highly attractive economics in a market that demands efficient services."

The EMBRAER 170 is the first aircraft of the four-member E-Jets family, and entered revenue service in March 2004. On December 31, 2007, the EMBRAER 170/190 E-Jets had logged 764 firm orders and 786 options from more than 40 customers in 25 countries on five continents, and had surpassed 1.2 million flight hours.