KIPCO Group’s United Aviation orders Embraer Jets

Embraer has signed an agreement with KIPCO Group’s United Aviation for the sale of one Phenom 100, one Phenom 300 and one Legacy 600. One of the leading VIP Aircraft Charter Operations in the Middle East, United Aviation is the launch customer for Embraer’s Phenom in the region. Under the agreement deliveries for both the Phenom 100 and 300 are expected between 2008 and 2010 respectively, while the Legacy 600 is expected to be delivered in October 2006. With the acquisition of this latest Legacy 600, United Aviation increases its fleet to three of the type.

“The Phenom 100 and Phenom 300 represent a natural choice to complement our current fleet and is part of our ongoing strategy to expand further within the Middle East,” said Mr. Abdul Salam Al Bahar, CEO of United Aviation. “We started our VIP charter operations three years ago with two Legacy 600, and we pride ourselves in having provided, ever since, over 2,500 flight hours with an unbeatable reliability.”

Colin Steven, Embraer Vice-President Marketing and Sales - Europe, Middle East and Africa, Executive Jets, commented, “This new order for our Phenom family is undeniably a breakthrough in this region, marking a strategic achievement for Embraer. Offering a combination of comfort, performance and cost consciousness, our business jets respond to such a demanding market.” He added, “United Aviation’s choice to increase its Legacy 600 fleet and to opt for our new Phenom range is a true testimony of the company’s confidence in our products and makes our longstanding relationship even more rewarded.”

KIPCO is one of the leading operating holding companies in the Middle East and North Africa with more than US$ 15 billion under management or control. Its shares are among the most actively traded on the Kuwait Stock Exchange.

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