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Wed, Oct 21, 2009

AAM Is Embraer's First Legacy 650 Customer In Europe

Germany’s DC Aviation Will Take Two Legacy 650 Executive Jets For Its Charter Fleet

Embraer signed a contract with Aircraft Asset Management AAM GmbH, of Hallbergmoos, Germany, for the sale of two Legacy 650 executive jets. The announcement was made Monday at the NBAA's 62nd Annual Meeting and Convention in Orlando, Florida.

The total value of this first European order for the all-new Legacy 650 at list price is US$ 59 million, based on 2010 economic conditions. The aircraft will be operated by established private jet charter operator and Legacy 600 customer, DC Aviation, located in Stuttgart, Germany. This deal is already included in Embraer’s firm order backlog for the third quarter of 2009. “We are honored by the acquisition of two Legacy 650s by Aircraft Asset Management AAM GmbH. The aircraft will be operated by DC Aviation, and we are pleased that our newly launched 3,900-nautical-mile-range executive jet has been selected for their business expansion,” said Luís Carlos Affonso, Embraer Executive Vice President, Executive Jets.

This is the second contract signed by Embraer and Aircraft Asset Management AAM GmbH. The German company initially ordered three Legacy 600s in 2007. Their first Legacy 650 will be delivered in the fourth quarter of 2010, joining two DC Aviation Legacy 600s. The second Legacy 650 will be delivered in 2011.

“We are especially proud to be one of the first European charter operators to add two Legacy 650s to our fleet. This new variant makes it possible for us to enlarge our long-haul fleet and our international flight services, enabling comfortable, nonstop flights on such popular business routes as London-Dubai or Dubai-Singapore,” said Steffen Fries, CEO of DC Aviation, and Managing Director of Aircraft Asset Management AAM GmbH. “The performance of the aircraft is very convincing, too. The Legacy 650 is  faster in landing approach than other business jet models and, hence, offers better compatibility with traditional airline traffic. The inclusion of a forward lavatory is also a strong selling point.”

FMI: www.embraer.com

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