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Air Lease Signs for Up to 20 Embraer E-Jets

SÃO JOSÉ DOS CAMPOS, Brazil --- Embraer and Air Lease Corp., a newly formed aircraft leasing, purchasing and financing provider company led by the legendary Steven Udvar-Házy, have signed the final agreement for the acquisition of 15 firm EMBRAER 190 jets. First delivery is scheduled to take place in June 2011.

The order, first announced at the Farnborough Air Show in July, includes five of the 15 orders re-confirmable, and in addition, the deal has five options, representing a potential sale of 20 EMBRAER 190s.

“We are honored that Air Lease Corp., along with founder Steven Udvar-Házy, has put its trust and confidence with Embraer,” stated Paulo César de Souza e Silva, Embraer Executive Vice President, Airline Market. “This contract strengthens our commitment to Air Lease as we aim to support them with our outstanding attributes of our E-Jets as they introduce the aircraft mid next year.”

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.

“This purchase order of the EMBRAER 190 aircraft begins a new period in the growth of our company and the unique design of the E-190 allows us to offer Air Lease customers a mainline product but at regional jet operating economics,” stated John L. Plueger, President and COO of Air Lease Corp. “Since the initial announcement made at the Farnborough Air Show, we have received significant interest from customers from all parts of the world and we look forward to providing an aircraft that meets their needs.”

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-Házy. Its mission is to support commercial fleet aircraft leasing, purchasing and financing needs. For 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 without middle seats.

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-of-the- 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. The E-Jets have achieved outstanding success, with nearly 900 firm orders logged and over 650 jets in operation, worldwide. They have accumulated 4.4 million flight hours and transported more than 200 million passengers. This proven family is helping airlines to right size low load factor narrow-body routes, to replace older, inefficient aircraft, and to develop new markets with lower operating costs, greater efficiency, and outstanding passenger comfort.

Embraer (Empresa Brasileira de Aeronáutica S.A.) 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, 2010, Embraer had a workforce of 17,009 employees – not counting the employees of its partly owned subsidiaries – and its firm order backlog totaled US$ 15.3 billion.

Embraer and Air Lease Sign Final Agreement for Up to 20 E-Jets