Embraer and Germany’s Aircraft Asset Management AAM GmbH & Co. KG have signed a firm order for two EMBRAER 190 jets. The deal is valued at US$ 79 million, at list price, and is already included in Embraer’s firm order backlog for the third quarter of 2009 as “undisclosed”. The first aircraft was delivered to the operator, Augsburg Airways, last September, and the second is expected to join the airline’s fleet in 2010.
“This is great news for Embraer. We are very pleased to broaden our relationship with AAM and Augsburg Airways,” said Mauro Kern, Embraer Executive Vice President, Airline Market. “It’s a privilege to have our E-Jets chosen as the backbone of the fleet of Lufthansa Regional’s network. This selection gives testimony to the confidence that exists in our E-Jets family, because each Lufthansa partner makes its own selection regarding which aircraft to acquire.”
Augsburg Airways is a long-established turboprop operator. The airline received the first EMBRAER 195 jet in June 2009, building on a very successful relationship with Lufthansa, which signed a contract for 30 E-Jets in June 2007. Today, Augsburg operates five 116-seat EMBRAER 195s for Lufthansa and one 110-seat EMBRAER 190 for AAM. All jets are configured in a dual-class layout, separated by a movable divider, with no middle seats.
“With the two new EMBRAER 190 jets, we will be able to reinforce our network and to proceed with our growth. The aircraft will efficiently complement our eco-friendly fleet of state-of-the-art turboprop and jet aircraft. This will strongly help us to handle new destinations, even at the most sensitive airports,” said Bernadette Rampl, Managing Director of Augsburg Airways. “Furthermore, Augsburg Airways passengers appreciate the comfort and low noise of our aircraft cabins.”
About Augsburg Airways
Founded in 1980, Augsburg Airways (augsburgair.de/en) was developed from a corporate air service into a modern regional airline and highly efficient partner of Lufthansa Regional. In 2008, Munich-based Augsburg Airways welcomed around 930,000 passengers on board. With a fleet of 16 aircraft, the airline offers more than 200 weekly flights to 21 destinations, on behalf of Lufthansa Regional.
About Aircraft Asset Management AAM GmbH & Co. KG
Headquartered in Hallbergmoos, near Munich, Germany, Aircraft Asset Management AAM GmbH & Co. KG is a strong service provider for the acquisition, renting and marketing of regional aircraft and business jets. It customers include, among others, Cirrus Airlines, Augsburg Airways, and the business jet operator DC Aviation.
About the EMBRAER 170/190 Family of E-Jets
The EMBRAER 170/190 family of E-Jets consists of four commercial jets with 70 to 122 seats, featuring advanced engineering design, efficient performance, outstanding operating economics, low emission levels and a spacious cabin.
The E-Jets have a maximum cruising speed of Mach 0.82, can fly at 41,000 feet (12,497 meters), and have ranges of up to 2,400 nautical miles (4,448 km). The high degree of commonality among the four aircraft – EMBRAER 170, EMBRAER 175, EMBRAER 190 and EMBRAER 195 – results in exceptional savings for carriers, in terms of crew training and costs of spare parts and maintenance. Another key feature of the E-Jets is the state-ofthe-art fly-by-wire technology, which increases operating safety, while reducing pilot workload and fuel consumption.
The EMBRAER 170/190 family provides superior comfort with its double-bubble fuselage design, which includes two main passenger entrances and two service doors that minimize aircraft turn-around time. The E-Jets offer much more space for passengers, in a single or dual-class layout, than other aircraft with similar seating capacities.
The E-Jets have achieved outstanding success, with nearly 900 firm orders logged and over 600 jets in operation, worldwide. This proven family is helping airlines to rightsize low load factor narrowbody routes, to replace older, inefficient airplanes, and to develop new markets with lower operating costs, greater efficiency, and outstanding passenger comfort. For more information about Embraer’s commercial jets, visit EmbraerCommercialJets.com. To better understand the benefits of these aircraft, when substituting older jets, visit eforefficiency.com/.
Embraer (Empresa Brasileira de Aeronáutica 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 São José dos Campos, São 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 September 30, 2009, Embraer (embraer.com) had a workforce of 16,986 employees – not counting the employees of its partly owned subsidiaries – and its firm order backlog totaled US$ 18.6 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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