Embraer secures second Japanese deal

Embraer has signed a contract with its second Japanese customer, Suzuyo & Co, to deliver two Embraer 170 E-Jets, with purchase rights to acquire one additional aircraft.“We are very enthusiastic about this second order from Japan, as we make further significant inroads into the Asia Pacific region,” said Mauro Kern, Embraer Executive Vice President, Airline Market. “It is especially gratifying to have this order come from such a long-standing and broad-based corporate group, and we wish them great success in this new enterprise.”

The Embraer 170 was selected to form the fleet of Suzuyo’s start-up airline, when the new Mt. Fuji Shizuoka Airport opens in 2009, in central Japan. The contract value, if the purchase right is exercised, could come to US$ 87 million, at list price, based on January 2007 economic conditions. The initial delivery is scheduled for the first quarter of 2009.

“This airline company is a completely new enterprise for Suzuyo. However, we are taking up the challenge of building an innovative business model, in order to create dreams and excitement in air travel, together with our customers,” said Yohei Suzuki, President & CEO of Suzuyo. “We have high hopes for the Embraer 170 and believe it is the best aircraft for our strategic planning, because of its superior customer comfort and state-of-the-art technology.”