The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from PR Newswire

Embraer Sells Two E190 Jets to Austral Lineas Aereas

Monday, April 08, 2013

Embraer Sells Two E190 Jets to Austral Lineas Aereas

19:02 EDT Monday, April 08, 2013

SAO JOSE DOS CAMPOS, Brazil, April 8, 2013  /PRNewswire/ -- Embraer has signed a contract for the sale of two EMBRAER 190 jets to Austral Lineas Aereas, a company belonging to the Aerolineas Argentina Group. The Argentine airline currently operates 20 airplanes of this model.

"It is always rewarding to see a customer adding more E-Jets to their fleet. That is a clear demonstration of confidence in Embraer and of satisfaction with the product," said Paulo Cesar Silva, President and CEO of Embraer Commercial Aviation. "Austral is a great example of the variety of concepts for E-Jets application, using them to open new domestic and international routes and to modernize and increase the fleet's efficiency, as well as to adjust capacity to demand."

Like the aircraft that are already in operation, Austral's new E190s are the Advanced Range (AR) model, which allows the airline to fly on any route inside Argentina and to reach such important capital cities of Brazil as Rio de Janeiro and Sao Paulo, nonstop. The jets are configured with 96 seats in a two-class layout?eight in executive and 88 in economy?with a modern onboard entertainment system equipped with individual monitors.

"Ever since we added the Embraer jets to our fleet, we have been able to offer distinctively different service, but we have also expanded our domestic presence, to which these two aircraft will be allocated," said Mariano Recalde, President of the Aerolineas Argentinas Group, which controls Austral Lineas Aereas. "Besides having latest-generation airplanes, which reduce operating costs, we would point out that we have received a great tool for fleet management from Embraer, through its Pool Program for replacement parts."

Since 2004, Embraer has delivered more than 900 E-Jets. Currently, over 60 airlines in more than 40 countries operate this versatile family of four aircraft, from 70 to 120 seats. Embraer customers operate the E-Jets in a variety of business models, including network carriers, charter operators and low cost and regional airlines. E-Jets have been successful in assisting airline companies to adjust capacity to demand, to replace old and inefficient aircraft, and to develop new markets with lower costs, greater efficiency, and superior passenger appeal.

Follow us on Twitter: @EmbraerSA

Note to Editors

Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) is the world's largest manufacturer of commercial jets up to 120 seats, and one of Brazil's leading exporters. Embraer's headquarters are located in Sao Jose dos Campos, Sao Paulo, and it has offices, industrial operations and customer service facilities in Brazil, China, France, Portugal, Singapore, and the U.S. Founded in 1969, the Company designs, develops, manufactures and sells aircraft and systems for the commercial aviation, executive aviation, and defense and security segments. It also provides after sales support and services to customers worldwide. For more information, please visit www.embraer.com.br.

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.

CONTACT: Robert Stangaronerstangarone@embraer.com Tel: +1 954 359 3101

SOURCE Embraer

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections