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Conviasa Confirms The Purchase Of Seven Additional E190 Jets

Stocks in this article: ERJ

PARIS, June 18, 2013 /PRNewswire/ -- Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) and Consorcio Venezolano de Industrias Aeronauticas y Servicios Aereos, S.A. (Conviasa), a Venezuelan airline, signed a contract for seven EMBRAER 190 jets, exercising options from the original order released in July 2012, which provided for six firm orders and 14 options. The announcement was made during the 50 th Paris Air Show, in France.

Therefore, Conviasa now has a total of 13 firm orders for the E190 jet, besides options for another seven aircraft of the same model.

"This confirmation by Conviasa shows that the E-Jets are the best solution on the market both for fleet renewal and for adjusting capacity to demand. It is rewarding to be able to contribute to the modernization of air transportation in Venezuela," said Paulo Cesar Silva, President and CEO of Embraer Commercial Aviation. "Combining economy and high operating efficiency with excellent comfort for passengers, the E-Jets have been continuously increasing their global customer base."

Conviasa currently operates six E190 jets on regional routes in Venezuela and in the Caribbean. By the end of 2013, the airline will be operating a total of twelve E190 jets, all configured with 104 seats in a single class.

This additional aircraft order demonstrates the confidence Conviasa has in Embraer and in the E190 jet for our fleet renewal, advancing the company's mission to be an essential element in Venezuela's development," said Cesar Martinez Ruiz, President of Conviasa. "Ever since it went into service, the E190 has shown excellent operating performance and has captivated passengers with the comfort it provides."

After placing the first E-Jet on the market in 2004, Embraer has delivered more than 950 jets from this family. Currently, 65 airline companies in 47 countries have chosen the versatile aircraft family with 70 to 130 seats. Embraer's customers operate the E-Jets in a variety of business models, ranging from programmed tourism operations to traditional and low-cost airline companies, in addition to regional routes.

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