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Air Canada to Purchase 45 Embraer 190s (Sept. 30)

SAO JOSE DOS CAMPOS --- Embraer today announced that Air Canada has signed a purchase agreement for 45 Embraer 190 aircraft. The purchase agreement, contingent upon Air Canada’s emergence from the Companies’ Creditor Arrangement Act (CCAA), also contains options for up to 45 additional aircraft. Deliveries of the aircraft, configured for dual class seating, are scheduled to begin in November 2005.

This announcement confirms the commercial proposal signed by Air Canada in December 2003 and allows Embraer to add 45 new firm orders and 45 options to its order book. The firm order is valued at US$ 1.35 billion, at list price, with a potential value of more than US$ 2.7 billion if all options are exercised.

“The introduction of new generation small jet aircraft to our fleet is a key component of Air Canada’s restructuring business plan to implement high frequency, low-cost services on new and existing routes in Canada and the United States,” said Robert Milton, Air Canada President and CEO. “Consistent with this strategy, the Embraer 190 will be deployed to pursue strategic market opportunities in North America while offering customers a premium travel experience with enhanced space, comfort and convenience,” he said.

“Air Canada conducted a very comprehensive technical and operational evaluation of several aircraft before selecting the Embraer 190, which makes their choice even more rewarding for us,” said Frederico Fleury Curado, Embraer Executive Vice-President -- Civil Aircraft. “With the purchase agreement finalized, Air Canada becomes the third customer worldwide to order the Embraer 190,” he added.

Air Canada will configure the Embraer 190 aircraft in two classes of service with a First Class, three-abreast seating configuration, and an Economy class with four-abreast seating offering 33 inches of legroom.

As of June 30, 2004, the Embraer 170/190 family had logged 273 firm orders and 347 purchase options.

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Air Canada Signs Deal for 45 EMBRAER 190s