Embraer’s wholly owned subsidiary, ECC Leasing Company Limited, delivered a pre-owned EMBRAER 175 jet, this month, to Brazil’s TRIP Linhas Aéreas. The aircraft is part of a leasing contract signed by the two companies.
Besides this new commercial agreement with ECC, TRIP signed a contract with Embraer, in June 2008, for the purchase of five EMBRAER 175 jets, three of which have already been delivered. The deal also includes options for another ten aircraft and purchase rights for 15 more.
“This additional contract with TRIP, just after the beginning of operations of the aircraft of the original contract, makes us very pleased, because it shows the confidence the airline has in Embraer and the E-Jets,” said Paulo Estevão de Carvalho Tullio, Director of ECC Leasing. “EEC’s customer portfolio is growing every day, serving operators worldwide, and this contract with TRIP is even more special, because it is with a Brazilian company that is the largest regional operator in South America.”
“Embraer’s aircraft come with high technology, they are modern and appropriate for our operations throughout Brazil. For that reason, we could not miss this opportunity to lease an EMBRAER 175 jet, through ECC. This is another important step for moving up the expansion of our routes,” states José Mário Caprioli, President of TRIP Linhas Aéreas.
About TRIP Linhas Aéreas
After over ten years of operation in Brazil, TRIP (voetrip.com.br) is now the largest regional airline in the country, and in South America, serving the most cities with the biggest fleet of regional aircraft. It is controlled by the Caprioli and Águia Branca groups, both of which have a long history of passenger transportation, solid results, and sustained growth. One of TRIP’s investors is the U.S.’s SkyWest, Inc., the largest regional airline in the world, with 450 aircraft, which acquired a 20% share of the company’s capital. With gross income in 2008 of R$ 322 million, the company generates 1,500 direct and indirect jobs, has 27 aircraft, and operates in 73 cities throughout Brazil.
Embraer’s wholly owned subsidiary, ECC Leasing Company Limited (ECCLeasing.com), was incorporated in Dublin, Ireland, in September 2002 to manage and remarket Embraer’s pre-owned aircraft portfolio. To date, ECC has managed a total of 79 aircraft, of which 25 have been leased and 33 sold to airlines, corporations, and government entities in North and South America, Europe, and Asia. ECC Leasing handles Embraer aircraft that may be acquired through tradeins and provides remarketing services for third parties in connection with its sales campaigns.
Embraer (Empresa Brasileira de Aeronáutica S.A. - NYSE: ERJ; Bovespa: EMBR3) is the world’s largest manufacturer of commercial jets up to 120 seats, and one of Brazil’s leading exporters. Embraer’s headquarters are located in São José dos Campos, São Paulo, and it has offices, industrial operations and customer service facilities in Brazil, the United States, France, Portugal, China and Singapore. Founded in 1969, the Company designs, develops, manufactures and sells aircraft for the Commercial Aviation, Executive Aviation, and Defense segments. The Company also provides after sales support and services to customers worldwide. On June 30, 2009, Embraer (embraer.come) had a workforce of 17,237 employees – not counting the employees of its subsidiaries OGMA and HEAI – and its firm order backlog totaled US$ 19.8 billion.
This document may contain projections, statements and estimates regarding circumstances or events yet to take place. Those projections and estimates are based largely on current expectations, forecasts on future events and financial tendencies that affect Embraer’s businesses. Those estimates are subject to risks, uncertainties and suppositions that include, among others: general economic, political and trade conditions in Brazil and in those markets where Embraer does business; expectations on industry trends; the Company’s investment plans; its capacity to develop and deliver products on the dates previously agreed upon, and existing and future governmental regulations. The words “believe”, “may”, “is able”, “will be able”, “intend”, “continue”, “anticipate”, “expect” and other similar terms are supposed to identify potentialities. Embraer does not feel compelled to publish updates nor to revise any estimates due to new information, future events or any other facts. In view of the inherent risks and uncertainties, such estimates, events and circumstances may not take place. The actual results can therefore differ substantially from those previously published as Embraer expectations.
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