Leasing Company Plans To Buy A Total Of 30 Of The Aircraft

A tripartite signing ceremony was held in Beijing, P.R. China on Wednesday among Embraer, CDB Leasing Co., Ltd. (CLC) and China Southern Airlines Co., Ltd. CLC confirmed the purchase of a second batch of ten Embraer 190s as a follow-on order to an agreement concluded earlier this year when a first group of ten Embraer 190 was ordered. In addition, a Letter of Intent (LOI) was also signed during the ceremony for a third group of ten Embraer 190s, which, if confirmed, will bring the total CLC order to 30 aircraft, which translates into a list price amount of $1.25 billion.

"The continuous growth of the Chinese regional aviation market has opened up opportunities for airlines expanding their services in complete agreement with the central government policy. We are proud that the Embraer 190 has been recognized as an ideal tool to perform such role," said Paulo Cesar de Souza e Silva, Embraer Executive Vice President, Airline Market.

"These orders further consolidate CLC's cooperation and relationship with Embraer and China Southern," said Wang Chong, CLC Chairman.

"We enjoy the sound cooperation with Embraer and have full confidence in its products. The Embraer 190 is a successful aircraft, well received by the worldwide market, with proven economics and performance. The new jets will be operated in Xinjiang to boost the regional economic development. The deal strengthens the partnership between China Southern and Embraer," said Xu Jiebo, Vice President of China Southern Airlines.

All thirty Embraer 190s ordered by CLC will be operated by China Southern Airlines, the country's largest airline, and the third airline in the world. China Southern Airlines will start receiving the Embraer 190 during the second half of this year.

FMI: www.embraer.com