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EMBRAER ANNOUNCES SAUDI ARABIAN AIRLINES ORDER FOR 15 EMBRAER 170s
The aircraft will be deployed within Saudi Arabian Airlines' domestic
and regional markets
Sao Jose dos Campos, April 25, 2005 - Saudi Arabian Airlines today
announced a firm order of 15 EMBRAER 170 aircraft, with first delivery
scheduled for December 2005. The airline becomes Embraer's first
customer for the type in the Middle East.
The final contract, to be signed Wednesday in Riyadh, has a total value
of about US$ 400 million at list price. All aircraft will be configured
in a two-class layout with a total of 66 seats, six of which will be
assigned to first class.
"I am sincerely pleased with our selection, as the Embraer's new jet
will provide Saudi Arabian Airlines with the possibility to expand our
domestic and regional aviation activity. By right-sizing our fleet with
the EMBRAER 170, we are aiming at better serving our domestic and
regional markets. The aircraft will offer our valued customers with
optimum comfort and a highly reliable service," said H.E. Dr. Khaled A.
Ben-Bakr, Director General Saudi Arabian Airlines. "Our choice reflects
the level of confidence we have in Embraer as a leading manufacturer of
commercial jets."
As it enters its 60th year of operation, Saudi Arabian Airlines is
strongly committed to the development and expansion of services within
the Kingdom and the region. The airline intends to deploy its newly
acquired EMBRAER 170 within its domestic and regional markets, adding
frequencies on existing routes and eventually developing mini-hubs at
Hail City in the North of the country and Abha in the South.
"We are particularly proud and honored to welcome such a prestigious
airline as Saudi Arabian Airlines to our growing family of customers,"
said Mauricio Botelho, President and CEO of Embraer. "Saudi Arabian
Airlines' decision to select the EMBRAER 170 represents a milestone in
the development of regional aviation within the region. We are
privileged to be providing the very first regional jet aircraft to the
Kingdom of Saudi Arabia, and we look forward to continuing the strong
partnership that has developed between our two companies during the
many years ahead."
As of March 31, 2005, the EMBRAER 170/190 family had logged 357 firm
orders and 387 options.
Embraer is the world's leading manufacturer of commercial jets up to
110 seats.
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Note to Editors
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Embraer (Empresa Brasileira de Aeronautica S.A. - NYSE: ERJ; Bovespa:
EMBR3 and EMBR4) is the world's leading manufacturer of Commercial jets
up to 110 seats with 35 years of experience in designing, developing,
manufacturing, selling and providing after sales support to aircraft
for the global airline, Defense and Corporate markets. With
headquarters in Sao Jose dos Campos, state of Sao Paulo, the Company
has offices and customer service bases in China, France, Portugal,
Singapore and the United States. Embraer is among Brazil's leading
exporting companies. As of March 31, 2005 Embraer had a total workforce
of 16,409 people, including the employees of recently acquired OGMA in
Portugal, and its firm order backlog totaled US$ 9.9 billion.
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 the Company's
businesses. Those estimates are subject to risks, uncertainties and
suppositions that include, among other: general economic, politic and
trade conditions in Brazil and in those markets where the Company 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. The Company 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 Company expectations.
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