KANSAS CITY, Mo., Jan. 6, 2010 --- Executive AirShare today announced that the regional fractional aircraft ownership company and its wholly owned aircraft management subsidiary, Executive Flight Services, finished 2009 with eight Embraer Phenom 100 aircraft combined in its fractional program and managed fleet, as well as the first Phenom 300 aircraft delivered by the Brazilian manufacturer-solidifying the company's status as the world's leading operator of Phenom aircraft.

Executive AirShare expects to be the first company to operate Phenom 300 aircraft under Federal Aviation Administration (FAA) Part 135, a distinction the company also holds for the Phenom 100 entry level jet aircraft.  Since April, Executive AirShare has logged more than 1,500 flight hours in the Phenom 100, and was the first established fractional to operate the Phenom 100 under FAA Part 91(k).

 "Together, Executive AirShare and Executive Flight Services have increased the size of our fleet by 40 percent this year, despite a challenging economy," said Executive AirShare Chairman and Chief Executive Officer Robert D. Taylor. "Our success is due in large part to our efficient regional business model, which enables us to offer shares in the Phenom 100 entry level jet aircraft and deliver a level of service that most closely replicates the benefits of full ownership."

"Our aircraft management program has enabled our pilots and maintenance crews to gain valuable experience on the Phenoms, as well as other airframes, while creating revenue opportunities for the aircraft owners," adds Keith D. Plumb, Executive AirShare president and chief operating officer. "We are excited to add the Phenom 300 to our fleet of managed aircraft, in anticipation of our adding Phenom 300s to our fractional program."

The Phenom 100 aircraft 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.

Recently certified by the FAA, the Phenom 300 aircraft is powered by dual Pratt & Whitney Canada PW535-E turbofan engines, has a range with four passengers and two pilots of 1,971 nautical miles (3,648 kilometers or 2,267 statute miles) with NBAA IFR reserves and is capable of flying at 45,000 feet (13,716 meters) and has a maximum operating speed of Mach 0.78 or 453 knots.

"Embraer is confident that the Phenom 300 will add tremendous value to the Executive AirShare business model with its range, speed, runway performance and fuel economies, all of which were recently enhanced during the Certification campaign," says Ernie Edwards, the company's Vice President, Marketing and Sales, USA, Canada, Mexico, and the Caribbean - Executive Jets. "The Phenom 300 also raises the bar in terms of featuring unprecedented space and comfort for its passengers.

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 September 30, 2009, Embraer had a workforce of 16,986 employees - not counting the employees of its subsidiaries OGMA and HEAI - and its firm order backlog totaled US$ 18.6 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.

Executive AirShare currently operates a fleet of Phenom 100, Beechjet 400A, King Air 350 and C90B aircraft and is 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 http://www.execflightservices.net/.