Deliveries Expected To Begin In The Second Quarter Of 2018

Embraer has announced a new purchase agreement with Air Hamburg for four more Legacy 650E business jets. The agreement was announced on the opening day of the 18th European Business Aviation Convention and Exhibition (EBACE) in Geneva, Switzerland. With this additional order, the Germany-based business charter operator, which serves European, Russian and Middle East destinations, will expand its Embraer flagship fleet to 17 aircraft (15 Legacy 600/650 and two Phenom 300). Air Hamburg is the world's largest operator of the Legacy 600/650 aircraft models.

The delivery of these aircraft is expected to begin in the second quarter of 2018 and continue at a rate of one per quarter through the first quarter of 2019. The contract has a value of $103.6 million, based on current list prices, and will be included in the Company's 2018 second-quarter backlog.

"As the global launch customer of the Legacy 650E, Air Hamburg has proven the success of the aircraft in delivering a superior customer experience," said Michael Amalfitano, President & CEO, Embraer Executive Jets. "We are proud to support the continued growth of Air Hamburg's flagship fleet, which reaffirms the value of our partnership and of the Legacy 650E."

"Our partnership with Embraer dates back to 2013 with our first Legacy 600. With this additional order, we are eager to grow our Embraer fleet by 30% to meet market demand for these popular aircraft," says Simon Ebert, Owner of Air Hamburg. "The premium comfort of the Legacy 650E's three cabin zones and the convenience of all the amenities, the reliability, performance and generous baggage allowance help drive the satisfaction of our customers."

(Image provided with Embraer news release)

FMI: www.embraer.com