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Sao Jose dos Campos, November 13, 2007 – Embraer and India’s Invision Projects Pvt. Ltd. have signed a contract for 18 Phenom 100 and two Phenom 300 executive jets. The new order was announced at the 2007 Dubai Air Show, November 11-15. The total value of the deal, at list price, is US $ 69.4 million, and deliveries will begin in August 2010. This is the largest business jet fleet order in India to date.
“We are honored to participate in the start-up of Invision’s branded charter and air taxi operations,” said Luis Carlos Affonso, Embraer Executive Vice President, Executive Jets. “Invision’s revolutionary business model initiative, combined with our innovative jets, will most certainly enjoy great acceptance in India, which we consider to be one of the most promising economies in the world.”
“Our priority was to find an aircraft that safely performs under Indian weather conditions, is luxurious enough to cater to High Networth Individuals (HNI) and top corporate executives, and is designed and built to airline standards for very high utilization,” said Mr. Vinit Phatak, Managing Director of Invision. “We were also looking for a well-established manufacturer that was flexible enough to incorporate in their design the extra safety equipment required by Indian’s Directorate General Civil Aviation (DGCA).”
Mr. Phatak added: “We found a match in the Phenom jets for all our essential parameters. For us, Embraer proved to be not only one of the world’s largest aircraft manufacturers, but also a company willing to take the special steps required to cater to the Indian subcontinent, an area considered to soon be one of the largest markets in the world.”
