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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