GECAS Confirms Three More Embraer 190 Jet Options

SAO JOSE DOS CAMPOS, Brazil, June 20 /PRNewswire-FirstCall/ -- Embraer received confirmation of three options for EMBRAER 190 jets from GE Commercial Aviation Services (GECAS). The total value of the new order, at list price, is US$ 103.5 million, based on January 2007 economic conditions.

"As one of Embraer's first E-Jets customers, GECAS has been very successful at placing our aircraft within a wide variety of airlines," said Mauro Kern, Embraer Executive Vice President, Airline Market. "The confirmation of three more firm orders further strengthens the position of our E-Jets family in the commercial aviation market worldwide and Embraer's partnership with GECAS."

GECAS is the first company to order and receive all four E-Jets from Embraer: the EMBRAER 170, the EMBRAER 175, the EMBRAER 190, and the EMBRAER 195, offering the flexibility of this modern family of jets to customers worldwide.

"We are pleased to be ordering more EMBRAER 190 E-Jets," said Henry Hubschman, President and CEO of GECAS. "The EMBRAER 170/190 family of 70 to 122-seat E-Jets has become a popular choice among airlines around the world."

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 the Company'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 the Company 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. The Company 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 Company expectations.