Embraer and Air Lease Close an Agreement for up to 20 E-Jets

SAO JOSE DOS CAMPOS, Brazil, July 20 /PRNewswire-FirstCall/ -- Embraer and Air Lease Corp., a newly formed aircraft leasing, purchasing and financing provider company led by the legendary Steven Udvar-Hazy, signed a Letter of Intent (LOI) for the sale of 15 EMBRAER 190 jets, today, at the 47th Farnborough International Airshow, in England. Five of the 15 orders are re-confirmable, and the deal also includes five options, representing a potential sale of 20 EMBRAER 190s.

The EMBRAER 190 is the third of the four members of the EMBRAER 170/190 family of E-Jets, a brand-new commercial aircraft that entered service in August 2005. The jet may be configured in one or two classes, seating 98 to 114 passengers in a comfortable four-abreast (2-2), no-middle-seat configuration, and can fly up to 2,400 nautical miles (4,448 kilometers) nonstop.

Air Lease Corp. was established in 2010 in Los Angeles, California. The company's staff is comprised of pioneers of the aviation industry who continue to cultivate over 30 years of trusted customer relationships. Air Lease is led by Chairman and Chief Executive Officer (CEO) Steven Udvar-Hazy. Its mission is to support commercial fleet aircraft leasing, purchasing and financing needs. For more information, visit www.AirLeaseCorp.com or contact [email protected].

Note to Editors

Embraer (Empresa Brasileira de Aeronautica S.A. -NYSE: ERJ; BM&FBovespa: EMBR3) is the world's largest manufacturer of commercial jets up to 120 seats, and one of Brazil's leading exporters. Embraer's headquarters are located in Sao Jose dos Campos, Sao Paulo, and it has offices, industrial operations and customer service facilities in Brazil, China, France, Portugal, Singapore, and the United States. Founded in 1969, the Company designs, develops, manufactures and sells aircraft for the commercial aviation, executive aviation, and defense segments. The Company also provides after sales support and services to customers worldwide. On June 30, 2010, Embraer had a workforce of 16,781 employees – not counting the employees of its partly owned subsidiaries – and its firm order backlog totaled US$ 15.2 billion.

SOURCE Embraer

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