Press Release

Issued by Embraer.

May 17, 2011

Embraer and Portugal's Ricon Group announced, today, a contract for the acquisition of one Phenom 300 executive jet for its newly created subsidiary Everjets. The agreement was revealed at the 11th Annual European Business Aviation Convention & Exhibition, EBACE 2011 in Geneva, Switzerland. The deal also includes an option for a second unit of the type.

"We are pleased to welcome Everjets to our growing Phenom 300 customer base in Europe and support them as they commence operations," said Colin Steven, Vice President, Marketing and Sales, Europe, the Middle East, and Africa – Embraer Executive Jets. "The Phenom 300 light jet has earned a strong reputation as a game changer in its first years of operations. We are certain that discerning Everjets' customers will appreciate the new standards of the aircraft, not only in terms of performance, but also in terms of comfort and state-of-the-art technology."

Everjets plans to start operations with the aircraft in December 2011 in Southern Europe. The Phenom 300 will be available for charter, offering Everjets discerning passengers a striking new product for their travel needs.

"We are thrilled to present the Phenom 300 to our customers," said José Pereira, Everjets' Chief Executive Officer. "The design of the aircraft perfectly suits our objectives and our target audience of multi-cultural, fashion-conscious clients, who like to travel in style. Those who enjoy premium comfort, quality of life and who like to experience the latest technologies."

About Everjets

Everjets is the recently established subsidiary of the Portuguese Ricon Group, an internationally renowned company in the clothing and textiles sector, responsible for production and distribution of several international fashion brands in the Angolan, Brazilian and Portuguese markets. Everjets will focus its services on a considerable group of clients that desires high-quality products and superior services.