EMBRAER AND AIR LEASE CLOSE AN AGREEMENT FOR UP TO 20 E-JETS
New leasing company opts for the EMBRAER 190
São José dos Campos, July 20, 2010 – Embraer and Air Lease Corp., a newly formed aircraft leasing, purchasing and financing provider company led by the legendary Steven Udvar-
Házy, signed a Letter of Intent (LOI) for the sale of 15 EMBRAER 190 jets, today, at the 47th
Farnborough International Airshow, in England.
Five of the 15 orders are re-confirmable, and the deal also includes five options, representing a
potential sale of 20 EMBRAER 190s.
“We’re proud to partner with Steven Udvar- Házy, the founder of Air Lease Corp., in his
new, thrilling aviation endeavor,” states Paulo César de Souza e Silva, Embraer Executive
Vice President, Airline Market. “His remarkable professional experience and respectability in the aviation business, together with the outstanding attributes of our E-Jets family, will be major supporters of the success of the new company.”
The EMBRAER 190 is the third of the four members of the EMBRAER 170/190 family of E-Jets,
a brand-new commercial aircraft that entered service in August 2005. The jet may be configured in one or two classes, seating 98 to 114 passengers in a comfortable four-abreast (2-2), no-middleseat configuration, and can fly up to 2,400 nautical miles (4,448 kilometers) nonstop.
“We have been following the growing market demand for the EMBRAER 190 for many years.
We are now absolutely convinced that it is the right aircraft for not only the regional jet
marketplace, but that it’s powerful and compelling economics, passenger appeal, and
reliability, positions it to occupy a significant segment of mainline operations,” says John L.
Plueger, President and COO of Air Lease Corp. “We are delighted to bring this product to
our operating lease portfolio for the benefit of our customers, worldwide.”
Air Lease Corp. was established in 2010 in Los Angeles, California. The company’s staff is
comprised of pioneers of the aviation industry who continue to cultivate over 30 years of
trusted customer relationships. Air Lease is led by Chairman and Chief Executive Officer
(CEO) Steven Udvar-Házy. Its mission is to support commercial fleet aircraft leasing,
purchasing and financing needs. For more information, visit www.AirLeaseCorp.com or
contact info@AirLeaseCorp.com.
Source: EMBRAER
