EMBRAER DELIVERS TWO EMBRAER 170 JETS TO LIBYA’S PETRO AIR

Aircraft joins the EMBRAER 170 operated by Sirte Oil Company since 2007

São José dos Campos, April 8, 2010

Embraer delivered two brand-new EMBRAER 170 jets, at the end of March, to the new Libyan aviation service provider Petro Air. The deal also includes purchase rights to acquire two EMBRAER 190s, and was concluded during the first quarter of 2010. With a value of US$ 66.8 million, at list price, based on 2010 economic conditions, it could come to US$ 146.8 million, if all purchase rights are confirmed. 

“We are very pleased by Petro Air’s selection of the EMBRAER 170 to play an extremely important shuttle role that is vital to their business,”said Paulo César de Souza e Silva, Embraer Executive Vice President, Airline Market. “Given their special transportation needs, this expression of confidence in our aircraft, based on Sirte Oil’s in-service experience, is testimony to the airplane’s suitability and flexibility to adapt to different business environments.”

The two EMBRAER 170s are configured in a spacious single-class 76-seat layout. They will join the EMBRAER 170 that was delivered to Sirte Oil Company in the first quarter of 2007, to be used to transport oil company personnel from Libya’s capital Tripoli to many station points in the country, as well as to provide ad hoc charter services. For passenger convenience, the aircraft is outfitted with an In-Flight Entertainment (IFE) system that includes Internet access.

“We are excited about this new fleet of EMBRAER 170s, which offers a generous cabin and a voluminous luggage compartment. These features are of paramount importance to our passengers,” 

said Basem Tantush, General Manager of Petro Air. “Because of the exceptional performance and reliability of the EMBRAER 170 already operated by Sirte Oil Company, we decided to acquire these two new aircraft. We expect 2010 to be an extremely dynamic year for us, and these aircraft will play a key role in achieving our success.”

Source: Embraer