K2 SmartJets Already Flying Type

At this week's Farnborough International Airshow, Embraer signed a new order with K2 SmartJets, of Greece, for two more Legacy 600 aircraft. The value of the deal, at list price, is US$ 53.86 million, based on January 2009 economic conditions. The first delivery is scheduled for 2009.

"We are honored that K2 SmartJets has such confidence in our executive jets that they are confirming additional orders less than a year after they introduced the first jet of this type," said Colin Steven, Embraer Vice President, Marketing and Sales – Europe, Africa, and the Middle East, Executive Jets. "We are very pleased to contribute to the expansion of this successful young company, knowing that their customers appreciate the unparalleled combination of luxurious comfort, space, and performance of the Legacy 600."

K2 SmartJets received its first Legacy 600 in July 2007. With its market growing rapidly, the two additional jets will allow the air charter operator to respond to the demand from corporations and private individuals for ad hoc charter flights to various destinations in Europe, the Middle East and Asia.

"The service introduction of our first Legacy 600 was so successful that we are thrilled to confirm our second and third aircraft," said Andreas Karotsieris, CEO of K2 SmartJets. "The Legacy jet is ideal for premium VIP travel from our Athens base, and our customers enjoy the stylish comfort, ample space, and convenient amenities."

Embraer says Greece has shown to be an important and expanding market for the Legacy 600. Four jets of this model have already been delivered to Greek customers to date.

FMI: www.embraer.com, www.k2smartjets.com