Embraer Confirms Three E-Jet Options for M1 Travel Ltd.

SAO JOSE DOS CAMPOS, Brazil, March 12 /PRNewswire-FirstCall/ -- Embraer and Lebanese M1 Travel Ltd. confirmed options on three EMBRAER 190 jets. The deal, valued at US$ 112.5 million, at list price, completes the original order for five aircraft, announced in February 2007. Deliveries are scheduled to begin in 2009.

"It is a great honor for Embraer to see M1 Travel reaffirm its confidence in the EMBRAER 190 and confirm these options," said Mauro Kern, Embraer Executive Vice President, Airline Market. "This endorsement further demonstrates the fact that the E-Jets family meets market requirements for performance, efficiency, and comfort."

M1 Travel retains options for two more aircraft, for either the same model or the larger EMBRAER 195, depending on market demand. The airline's EMBRAER 190s will be configured in a 100-seat layout. In addition, the aircraft will be equipped with a state-of-the-art In-Flight Entertainment (IFE) system with Live TV, and will have steep approach functionality, which allows the aircraft to be operated at London City Airport.

"In confirming this new order, we are able to progress our fleet expansion apace," said Maher Mikati, Chairman of M1 Travel Ltd. "The EMBRAER 190 is a unique aircraft, combining passenger comfort and highly attractive economics - - our secret weapon in a very competitive market."

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.