Business News
Embraer Sells Lineage 1000 Jet to the Al Habtoor Group
2008-07-15 09:45:00
Royal Jet managed the deal and will ensure the support of the aircraft SAO JOSE DOS CAMPOS, Brazil, July 15 /EMWNews-FirstCall/ -- Embraer and Royal Jet, the latter representing the Al Habtoor Group conglomerate, from the United Arab Emirates (UAE), signed a contract to purchase one Lineage 1000 executive jet, which will be operated for private use. "We are delighted to welcome such an esteemed and valued customer as the Al Habtoor Group to our growing Lineage operator base," said Colin Steven, Embraer Vice President, Marketing and Sales - Europe, Africa, and the Middle East, Executive Jets. "The Lineage 1000 provides premium comfort for linking the Middle East to Europe or Asia, offering stylish accommodations, with ample space." The Al Habtoor Group selected Royal Jet -- the international luxury flight services company, chaired by H.E. Sheikh Hamdan bin Mubarak Al Nahyan -- to carry out due diligence on the acquisition, including all technical specifications. Royal Jet will also provide aircraft management for the Lineage 1000, which ties in well with the company's strategy of concentrating on midsize to large business jets. "We are eager to receive the Lineage 1000," said Mohammed Al Habtoor, CEO of the Habtoor. "We were immediately filled with enthusiasm for the unparalleled luxurious interior and overall performance of the aircraft, which will allow us to fly to London nonstop with the whole family." Designed to travel nonstop for 4,200 nautical miles (7,778 km), the Lineage 1000 offers an innovative cabin design with best-in-class materials and a wide variety of interior options. 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.
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