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Embraer and NAS Aviation confirm five more EMBRAER 190 jets
- Saudi Arabia: Tuesday, July 15 - 2008 at 16:49
- PRESS RELEASE
Embraer and Saudi Arabia's National Air Services (NAS) Aviation confirm options on five more EMBRAER 190 jets.
The total value of the new agreement, at list price, is $187.5m, and the airline also retains purchase rights for 12 more aircraft of the same model.
This deal is already included in Embraer's 2008 second quarter firm order backlog as "undisclosed".
"We are honored by the confidence NAS Aviation has placed in Embraer by choosing the EMBRAER 190, once again, to complement its narrowbody fleet," said Mauro Kern, Embraer Executive Vice President, Airline Market. "NAS' choice is especially important to us, since it will further strengthen our presence in such an outstanding region as the Middle East."
The first delivery of the EMBRAER 190 jet to NAS is expected for 2010.
The aircraft will be used by NAS Aviation group affiliates, and will complement the existing narrowbody fleet.
"The E-Jets are proven products in the Middle East market," said Taher Agueel, CEO of NAS Aviation. "We have great plans that will be served by this aircraft. The strong passenger acceptance convinced us that the EMBRAER 190 is the perfect aircraft for this role, offering the ideal combination of right capacity, sound performance, outstanding passenger comfort, and low operating costs."
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 Embraer'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 Embraer 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.
Embraer 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 Embraer expectations.
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