Embraer sells two Legacy 500 jets to ASAIG Aviation | Press Release

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Press Release

Issued by Embraer.

November 16, 2008

Embraer sells two Legacy 500 jets to ASAIG Aviation

Embraer has signed an order for two Legacy 500 jets with ASAIG Aviation, a Kuwait-based charter operator and subsidiary company of the

Al-Shalfan International Group. The total value of the contract, at list price, comes to US$ 36.8 million, based on January 2008 economic conditions, and the first delivery is scheduled for the fourth quarter of 2013. This order is already included in Embraer's thirdquarter backlog.

"We are very pleased with ASAIG Aviation's expansion of their Phenom jets order, by including two Legacy 500s," said Luís Carlos Affonso, Embraer Executive Vice President, Executive Jets. "Passengers will appreciate the luxurious cabin and enjoy the premium comfort of this newly designed aircraft."

ASAIG plans to use one Legacy 500 for on-demand charter operations, while the second will be dedicated to the private travel needs of the Al-Shalfan International Group owners. With this deal, ASAIG Aviation and its wholly owned subsidiaries will have an exclusive Embraer executive jet fleet of ten aircraft, comprised of six Phenom 100s, two Phenom 300s, and two Legacy 500s. The company will begin receiving the Phenom jets in December 2009.

"The flexibility of the Legacy 500 played a key role in our selection process, when it came to choosing a midsize cabin aircraft. The new Legacy 500 will usher in a higher level of service to our customers flying to Europe and Asia," said Mr. Abdulla Al-Shalfan, Executive Director of the Al-Shalfan International Group and CEO of ASAIG Aviation. "We are also delighted to be extending our cooperation with Embraer, which has proved its dependability in commercial operations, and is particularly well-suited to operate in our region's extreme conditions. We find Embraer's next generation aircraft to be ideal for most of our missions, given their performance, low cost of operation, and global support network, benefiting our customers. This order is part of our ongoing strategy to expand our aviation business farther within the Middle East, and we are looking forward to developing this with Embraer, our chosen manufacturer."