Embraer delivered two brand-new EMBRAER 170 jets, at the end of March, to the new Libyan aviation service provider Petro Air. The deal also includes purchase rights to acquire two EMBRAER 190s, and was concluded during the first quarter of 2010. With a value of US$ 66.8 million, at list price, based on 2010 economic conditions, it could come to US$ 146.8 million, if all purchase rights are confirmed.
“We are very pleased by Petro Air’s selection of the EMBRAER 170 to play an extremely important shuttle role that is vital to their business,” said Paulo César de Souza e Silva, Embraer Executive Vice President, Airline Market. “Given their special transportation needs, this expression of confidence in our aircraft, based on Sirte Oil’s in-service experience, is testimony to the airplane’s suitability and flexibility to adapt to different business environments.”
The two EMBRAER 170s are configured in a spacious single-class 76-seat layout. They will join the EMBRAER 170 that was delivered to Sirte Oil Company in the first quarter of 2007, to be used to transport oil company personnel from Libya’s capital Tripoli to many station points in the country, as well as to provide ad hoc charter services. For passenger convenience, the aircraft is outfitted with an In-Flight Entertainment (IFE) system that includes Internet access.
“We are excited about this new fleet of EMBRAER 170s, which offers a generous cabin and a voluminous luggage compartment. These features are of paramount importance to our passengers,” said Basem Tantush, General Manager of Petro Air. “Because of the exceptional performance and reliability of the EMBRAER 170 already operated by Sirte Oil Company, we decided to acquire these two new aircraft. We expect 2010 to be an extremely dynamic year for us, and these aircraft will play a key role in achieving our success.”
About Petro Air
Petro Air is a newly formed, Libyan-owned and operated aviation service provider. The company was created by the merger of four National Oil Corporation (NOC) aviation departments into one commercial venture. Its objective is to provide the best possible aviation services for oil exploration, development and support in Libya. While the company is new, its roots extend back to the 1960s – to the early days of oil exploration in the country. All four oil companies’ aviation departments – Sirte, Waha, Zuetina and Veba – have a rich and successful history of support to their own businesses, as well as other sectors of the oil industry in Libya. The goal is to continue this success story on a commercial level, allowing companies both in and outside of NOC to enjoy the quality and benefits Petro Air has to offer.
About the EMBRAER 170/190 E-Jets family
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 double-bubble fuselage design provides superior comfort and includes two main passenger entrances and two service doors, thus minimizing 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. For more details, visit EmbraerCommercialJets.com/.
The E-Jets have achieved outstanding success, with nearly 900 firm orders logged and over 620 jets in operation, worldwide. They have accumulated more than 3.7 million flight hours and transported 200 million passengers. 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. 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 December 31, 2009, Embraer had a workforce of 16,853 employees – not counting the employees of its partly owned subsidiaries – and its firm order backlog totaled US$ 16.6 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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