India's Air Costa places a firm order for 50 E-Jets E2s

           India's Air Costa places a firm order for 50 E-Jets E2s

PR Newswire

SINGAPORE, Feb. 13, 2014

SINGAPORE, Feb. 13, 2014 /PRNewswire/ --Embraer S.A. (NYSE: ERJ, BOVESPA:
EMBR3)has signed a definitive agreement with India's Air Costa for a firm
order for 50 E-Jets E2s with an additional 50 purchase rights. The acquisition
is a mix of 25 E190-E2s and 25 E195-E2s and has an estimated value of USD 2.94
billion based on 2014 list prices. The purchase rights are for an additional
25 E190-E2s and 25 E195-E2s, bringing the total potential order to up to 100
aircraft and can reach USD 5.88 billion if all are exercised. This transaction
raises the total E-Jets E2 orders to 200 firm and 200 options/purchase rights
since the launch of the E2 program, in June 2013.

Air Costa has become the first customer of E-Jet E2s in the Indian market and
will take delivery of the E190-E2 in 2018. The E195-E2 is scheduled to enter
service in 2019. Today, the airline flies four E-Jets: two E170s and two
E190s. Air Costa is based out of Vijayawada, Andhra Pradesh.

"E-Jets have proven their ability to stimulate traffic and sustain airline
profitability while providing affordable and comfortable air travel to people
in emerging markets like Brazil and China. I see the domestic Indian market
developing in a similar way with both the current E-Jets and of course the
E2s. I congratulate Air Costa for its vision in seizing the opportunity to
bring greater connectivity within India and we are sincerely grateful for the
airline's confidence in Embraer," said Paulo Cesar Silva, President & CEO,
Embraer Commercial Aviation.

Air Costa is currently connecting cities in southern India such as Bangalore,
Chennai, Hyderabad and Vijayawada, as well as key secondary cities in the
North and Northwest of the country. The airline plans to link underserved
markets with more direct flights, increasing frequencies and routes, thus
serving growing metropolitan areas, as well as key secondary and tertiary
business centers.

Ramesh Lingamaneni, Executive Director of LEPL Group and Chairman of Air
Costa, the aviation vertical of the Group, noted "regional air services have
enormous potential in India, especially the ones connecting tier one, two and
three cities. Our initial experience with our current E-Jets has been very
positive. Our passengers have complimented the aircraft on its comfort and
point-to-point convenience. The E2s will give us right-sized seat capacity for
us to cater to the future target markets and unit costs that are competitive
with larger re-engined single aisle aircraft."

Air Costa's E2s will feature new-design cabins with an even higher standard of
comfort and more personal space. The E190-E2 will be configured with 98 seats
in dual class layout, with six seats in first class, and the E195-E2 with 118
seats, with 12 seats in the first class.

Embraer's E-Jet E2s demonstrates the company's commitment to continuous
improvement into its line of commercial jets and leadership in the 70 to
130-seat jet aircraft capacity segment. The three new airplanes (E175-E2,
E190-E2, and E195-E2) have geared turbofan engines from Pratt & Whitney, new
aerodynamically advanced wings, full fly-by-wire flight controls, and
advancements in other systems that will deliver double-digit improvements in
fuel burn, maintenance costs, emissions, and external noise compared to
current-generation E-Jets.

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About Air Costa

Air Costa is part of the privatelyheldLEPL Group, a diversified entity with
interests in property development and infrastructure development in the
commercial, residential, education, power and health sectors. The airline
commenced scheduled services in October 2013 andoperatesEmbraer E-Jets to
tier one and tier cities in India such as Vijayawada, Jaipur, Bengaluru,
Ahmedabad, Hyderabad and Chennai. Future citieswillinclude Goa, Pune,
Madurai and Vizag.Visit www.aircosta.in

About E-Jets E2

In July, 2013, Embraer launched the E-Jet E2 family of aircraft, the second
generation of its successful E-Jet family of commercial aircraft comprising
three new airplanes; E175-E2; E190-E2; and E195-E2 accommodating seating from
70 to 130 passengers. The E190-E2 is expected to enter service in the first
half of 2018. The E195-E2 is slated to enter service in 2019 and the E175-E2
in 2020. For more highlights on the E2 generation of E-Jets visit
www.embraercommercialaviation.com/E2

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Nilma Missir-Boissac
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SOURCE Embraer S.A.

Website: www.embraercommercialaviation.com
 
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