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price, is $134.6m, based on January 2008 economic conditions. This order is already
included in Embraer's third-quarter backlog, and deliveries are scheduled to begin in 2013.
"We are honored by AJA's selection of our new Legacy 450 and Legacy 500 to expand its business aircraft fleet," said Luيs Carlos Affonso, Embraer Executive Vice President, Executive Jets. "We are certain that the comfort and performance of our newest models will offer AJA customers a premium business travel experience."
This is the second contract signed by Embraer and Al Jaber Aviation. One year ago, at the 2007 Dubai Air Show, Embraer announced the sale of five Lineage 1000 and two Legacy 600 aircraft, with options for another two Lineage 1000s and one Legacy 600 to AJA. The company will begin operating Embraer executive jets in early 2009, when it will receive the first Legacy 600.
Mr. Mohammed Al Jaber, Chief Executive Officer of AJA said:
"Today marks a veryimportant step in the development of AJA. Our analysis concluded that the new Legacy 450and Legacy 500 offer the ideal combination of advanced design, cabin comfort and value for the money. Our partnership with Embraer plays a pivotal role in the success of AJA. We are very much looking forward to the delivery of our first Embraer aircraft, in February 2009, and to providing our clients with unique service."
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Posted by Husam Odiabat
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