Sao Jose dos Campos, May 11, 2007 – Embraer announces an increase in the price of the Phenom 100 jet, effective July 1, 2007. The aircraft will be priced at US$ 2.98 million for the U.S. Federal Aviation Administration (FAA) certification, based on January 2005 economic conditions in a baseline configuration. The current price of the Phenom 100 is US$ 2.85 million.

«The first Phenom 100 jet is in its final assembly stage and scheduled to fly very soon,» said Luis Carlos Affonso, Embraer Executive Vice President, Executive Jets. «The Phenom 100 and Phenom 300 jets have met with great market acceptance, and are nearing 400 firm orders.»

In late March, the wing-fuselage mating was performed on the first Phenom 100 and final assembly is progressing successfully. The second Phenom 100 has just arrived at Embraer’s main plant, in Sao Jose dos First Phenom 100 Jet Final Assembly Campos, to begin final assembly.

Embraer’s Phenom Tour continues to circle the globe, showcasing full-scale mock-ups of the Phenom 100 and Phenom 300 jets, which will be on display from May 22-24, at the European Business Aviation Conference & Exhibition (EBACE), in Geneva, Switzerland. For the complete Phenom Tour schedule, visit www.EmbraerExecutiveJets.com.

Embraer (Empresa Brasileira de Aeronáutica S.A. - NYSE: ERJ; Bovespa: EMBR3) is the world’s leading manufacturer of Commercial jets up to 120 seats with 37 years of experience in designing, developing, manufacturing, selling and providing after sales support to aircraft for the Commercial Aviation, Executive Aviation, and Defense and Government segments. With headquarters in São José dos Campos, State of São Paulo, the Company has offices and customer service bases in the United States, France, Portugal, China and Singapore. Embraer is among Brazil’s leading exporting companies. On December 31, 2006, Embraer had a total workforce of 19,265 people, and its firm order backlog totaled US$ 14.8 billion.

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