Embraer Entry-Level Jets Will Serve Shareowners in North Texas and Oklahoma

            KANSAS CITY, Mo., August 3, 2009 --- Executive AirShare President and Chief Operating Officer Keith D. Plumb today announced that the Kansas City, Mo.-based fractional aircraft ownership company has taken simultaneous delivery of the company's third and fourth Phenom 100 aircraft from Embraer. The new entry-level jets will enter service this month for shareowners in North Texas and Oklahoma and will be based at Fort Worth Meacham International Airport (FTW) and Richard L. Jones, Jr. (Riverside) Airport in Tulsa, Okla. (RVS), respectively.

Executive AirShare in April became the first established fractional company to operate Phenom 100 aircraft under FAA Part 91(k) and the first operator to fly a Part 135 charter trip after the company took delivery of its first Phenom 100, which is in service as a demonstrator aircraft. The company's second Phenom 100 is based at Wichita Mid-Continent Airport (ICT) and serves shareowners in Wichita and Kansas City (MKC).

The company will take delivery of five more Phenom 100 aircraft in the balance of 2009 and will base these aircraft at each of the markets the company serves.

Executive AirShare holds orders for 40 additional Phenom 100 and six Phenom 300 aircraft, making it the only established fractional aircraft ownership company to offer both airframes.

"The Phenom 100 features trip costs that are similar to those of our King Air C90B and King Air 350 turboprop aircraft, making it an exceptional value for executives and business owners seeking to make the most of their aircraft investment," said Robert D. Taylor, chairman and chief executive officer, Executive AirShare.

 "Our shareowners have been impressed with the performance and comfort of our Phenom 100 aircraft and we are excited to place these new jets into service for our owners in Oklahoma and Texas," adds Plumb.

The Phenom 100 is powered by dual Pratt & Whitney Canada PW617F-E turbofan engines, has a range with four occupants of 1,178 nautical miles (2,182 kilometers or 1,356 miles) with NBAA IFR reserves and is capable of flying at 41,000 feet (12,497 m) and has a maximum operating speed of Mach 0.70 or 390 knots.

It features the Prodigy Flight Deck, based upon Olathe, Kan.-based Garmin International's all-glass, fully integrated avionics suite, which includes three interchangeable 12-inch displays-two Primary Flight Displays (PFD) and one Multi-Function Display (MFD).  The system integrates all primary flight, navigation, communication, terrain, traffic, weather, engine instrumentation, and crew-alerting system data and presents the composite information in brilliant, sunlight-readable color on three high-definition displays.

Executive AirShare has received approval to fly the Phenom 100 under single-pilot operations for fractional flights if the shareowner chooses, enabling owners to place an extra passenger in the co-pilot's seat and reducing overnight crew expenses.

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 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.

Founded in 2001, Executive AirShare operates a fleet of late-model jet and turboprop aircraft serving owners throughout the Central United States. As one of the nation's largest regional fractional aircraft ownership companies, Executive AirShare offers businesses and individuals the benefits of corporate aircraft without the expense and hassle of managing their own flight operations. Executive AirShare is based in Kansas City, Mo., and also operates out of Wichita, Kan., Tulsa and Oklahoma City, Okla., Dallas and Fort Worth, Texas.

The company currently operates a fleet of 19 aircraft-four Embraer Phenom 100s, five Beechjet 400As, five King Air 350s and five King Air C90Bs. Executive AirShare holds orders for an additional 40 Embraer Phenom 100 aircraft and six orders for Phenom 300 light jet aircraft, making Executive AirShare the only established fractional aircraft ownership company to offer Phenom 100 and Phenom 300 aircraft.

Executive AirShare also offers aircraft management and charter services through its subsidiary, Executive Flight Services. For more information about Executive AirShare and its services, please visit: www.execairshare.com.  For more information about Executive Flight Services, please visit www.execflightservices.net.