Falcon Aviation Services Signs for Two Embraer Legacy 500 Jets

Released on Sunday, November 16, 2008

S�o José dos Campos, November 16, 2008 � Embraer signed a contract with Falcon Aviation Services (FAS), of Abu Dhabi, United Arab Emirates (UAE), to sell two Legacy 500 jets. The total value of the deal, at list price, comes to US$ 36.8 million, based on January 2008 economic conditions, and first delivery is scheduled for the second quarter of 2014. This order is already included in Embraer's third-quarter backlog. Embraer also named FAS as a Company's authorized service center, dedicated to support its executive jet customers in the Middle East.

"We are honored by Falcon Aviation Services' additional order of two Legacy 500s, and we are very pleased that our executive jets were selected for their business expansion," said Luís Carlos Affonso, Embraer Executive Vice President, Executive Jets. "In our endeavor to expand our service center network to the region, we looked for expertise and reputation to pass on to our customers. In Falcon Aviation Services, which is also an Embraer aircraft operator, we have the ideal partner to provide high-quality maintenance services to our Phenom, Legacy and Lineage jet customers."

The first agreement between Embraer and FAS was announced just one year ago, during the 2007 Dubai Air Show. The company received its first Legacy 600 last August, and now increases its Embraer fleet order to 11 executive jets: four Phenom 300s, two Legacy 500s, three Legacy 600s, and two Lineage 1000s.

"FAS continues to expand and adapt its fleet and services to meet the dynamic needs of the Middle East market," said Captain Salem Al-Kayoumi, Chairman of Falcon Aviation Services. "We are very proud to be chosen as an Embraer Authorized Service Center for the region, and we are committed to delivering the highest level of aviation services, establishing benchmark standards in terms of safety, quality and customer service."