Embraer signed a contract with Passaredo Transportes Aéreos for leasing two previously owned 50-seat ERJ 145 jets. The announcement was made, today, at the airline's headquarters, in Ribeirão Preto, in outstate São Paulo, and is part of the Brazilian airline's expansion plans. "It is truly a pleasure to see the ERJ 145 jet, which is now used by 28 operators in 16 countries, flying, once again, in Brazil, and with an enterprising company that enjoys such prestige, as does Passaredo," stated Alex Glock, Embraer Vice President, Marketing and Sales - Latin America, Airline Market. "We have an excellent relationship with Passaredo, that has operated EMB 120 Brasilia aircraft ever since its founding, and we intend to carry on this partnership for many more years."
Passaredo currently operates six EMB 120 Brasilia aircraft and will use the ERJ 145 jets to strengthen its presence in Brazil's regional markets. The delivery of the first airplane is expected for the first half of 2009. The aircraft's range allows flights of up to 2,870 km with 50 passengers, which is sufficient to fly nonstop from São Paulo to Brasília, Porto Alegre, Recife, or Salvador.
"The choice of the ERJ 145 jet is part of Passaredo's expansion plan, and is focused primarily on improving customer service," said José Luiz Felício, President of the Passaredo Group. "With the introduction of the ERJ 145 jet, we intend to complement the services offered to our passengers, by increasing frequencies and adding destinations."
The 50-seat ERJ 145 is the first member of Embraer's diversified family of regional jets, that also includes the ERJ 135 (37 seats) and the ERJ 140 (44 seats). Since it entered service, in 1996, the platform of the ERJ 145 family has accumulated more than 14 million flight hours, worldwide, with over 1,000 aircraft now in operation.
The aircraft's design is an optimized solution for the regional airline market. Simplified maintenance, low direct operating costs, high dispatch reliability, and an excellent mission completion rate are highlights of the ERJ 145 jet, which is adequate for the high-frequency use and capable of operating for 3,000 hours per year in the demanding regional aviation market.
About Passaredo Transportes Aéreos
Passaredo Transportes Aéreos (www.voepassaredo.com.br) was created in 1995, and is headquartered in Ribeirão Preto, in outstate São Paulo, Brazil. It currently operates a fleet of six EMB 120 Brasilia aircraft, manufactured by Embraer, to 15 destinations in nine Brazilian States, with 32 daily flights, and offering charter service to cities in Brazil. The company is a part of the Passaredo Group, presided over by José Luiz Felício, and carried 92,500 passengers in 2007, which should reach 200,000 in 2008.
Note to Editors
Embraer (Empresa Brasileira de Aeronáutica S.A. - NYSE: ERJ; Bovespa: 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 São José dos Campos, São Paulo, and it has offices, industrial operations and customer service facilities in Brazil, the United States, France, Portugal, China and Singapore. Founded in 1969, the Company designs, develops, manufactures and sells aircraft for the Commercial Aviation, Executive Aviation, and Defense and Government segments. The Company also provides after sales support and services to customers worldwide. On September 30, 2008, Embraer had a workforce of 23,745 employees and a firm order backlog of US$ 21.6 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 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.
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