Sierra Aviation in Collaboration with Sierra Aviation Concludes a Successful sc Demo Their Legacy 600 in Malta

Gudja, Malta (PressExposure) April 05, 2008 -- On the 4th April 2008, in the afteroon an Embraer Legacy left Malta on its why to Cyprus. Embraer, a Brazilian manufacturer is the first business jet manufacturer to demo a business jet in Malta. Other than the Legacy 600 a heavy jet, Embraer also manufacture smaller jets such as the Phenom 100 and the Phenom 300 and the business jet community eagerly awaits the MLJ. However Embraer are not only business jet manufacturers but also manufacture airliner jets.

Embraer delivered 36 Legacy 600 executive jets in 2007, surpassing the 30 aircraft the Company had projected in January 2007. This represents a 33% increase over 2006 and 80% over 2005 deliveries. The first Legacy 600 entered service in 2002 and more than 130 have been delivered to 23 countries. The jet is currently available for delivery in mid-2009, and the list price for contracts signed after March 31, 2008, will be US$ 26.93 million. "The Legacy 600 enjoys a growing global demand for its stylish comfort and amenities that deliver a premium travel experience," said Luís Carlos Affonso, Embraer Executive Vice President, Executive Jets. "Its superior performance in the most demanding environments, the low operating cost and Embraer's broad support network further drive customer satisfaction." Last January, the first Legacy 600 with an enhanced interior was delivered to a European customer.

The new interior had been displayed at the last National Business Aviation Association (NBAA) annual meeting and convention, in Atlanta, U.S., in September. The taller cabin (6 feet or 1.82 meters) offers more headroom and the slimmer valance provides an even more spacious feel to the cabin. The redesigned two-tone leather seats, with a seamless berthing feature for sleep or relaxation, enrich the comfort and space in three distinct zones, a unique feature in the super mid-size category. Noise abatement improvements enhance cabin sound proofing, and auxiliary audio input makes cabin sound integration possible. The galley now has more spacious compartments, retractable tables and a larger water reservoir for more convenient in-flight service. Optional items include a wine chiller and multiple oven combinations, including microwave. The baggage compartment is equipped with supports for storage of miscellaneous items, such as the tow bar.

The Legacy 600 jet provides premium comfort and privacy for up to 16 passengers in three distinct seating areas. Interior standard features include first-class leather seats, a plush divan, an elegant credenza, and spacious tables for dining or meetings.

The aircraft also has a full size galley for hot and cold meals, a full-width aft lavatory, wardrobe and storage cabinet, and an entertainment system with DVD players and satellite telecommunications. Optional High Speed Data (HSD) and Wireless Fidelity (Wi-Fi) capabilities allow customers to browse the Internet, access e-mails and transfer files. The 240-cubic-foot (6.8-cubic-meter) baggage compartment of the Legacy 600 is one of the largest in the industry and is easily accessible during flight, for greater passenger convenience. The aircraft cruises at a speed of up to Mach 0.80 and has a range of 3,250 nautical miles (6,019 km or 3,740 miles) with eight passengers and NBAA IFR reserves. This range, bolstered by superior passenger and luggage capacity, enables customers to fly nonstop from New York (U.S.) to London (U.K.); from London or Geneva (Switzerland) to Dubai (United Arab Emirates); from Singapore (Singapore) to Beijing (China) or to Port Moresby (Papua New Guinea); and from Jakarta (Indonesia) to Melbourne (Australia) at lower operating costs than competitive aircraft with a similar cabin size.

Additionally, the Legacy 600 is one the only super mid-size jet certified to operate into and out of the London City and Cannes-Mandelieu airports. The twin-engine business jet is based on the successful ERJ 145 regional jet family platform that has accumulated over 12.5 million flight hours on 1,000 aircraft. With a platform designed to endure an average of 2,500 hours per year, low operating cost, and a track record of over 99 percent dispatch reliability, the Legacy 600 offers luxurious comfort and delivers high utilization and high availability. Priced at US$ 25.41 million, based on January 2008 economic conditions, in the baseline configuration, for FAA certification, 131 Legacy jets currently operate in 23 countries. Also available in Shuttle and Shuttle High Capacity (HC) configurations, the Legacy is designed to provide comfort and functionality. The Legacy Shuttle accommodates from 16 to 19 passengers in business class comfort. The Shuttle HC version enhances owner productivity and comfortably seats as many as 37 passengers in a superior airline-quality interior.

Malta a country with a population of just under 400,000, with one of the lowest GDP's in Europe surely cannot be a huge market for business jet aircraft? Here is the surprising part, Malta joined the EU in 2004 and the Eurozone in January 2008, and in the last weekend of March it has become also a Schengen Country. I here you say, "So?". Malta has a unique tax infrastructure approved by the EU whereby, anyone could take tax residence at very interesting fiscal incentives not only for individuals but also for organisations.

A foreign individual who takes tax residence in Malta, is taxed at 15% on the income brought into Malta, whilst Organisatons who set up a real office in Malta, although still attract a corporate tax of 35%, the foreign shareholders are refunded 30% of the tax within 20 days. Malta is the first EU country to license online gaming companies and has one of Europe's largest Super Yacth facility. Combine all of that with a legal framework based on British and European laws, English is not a second language but an official legal language together with Maltese, and the let's not forget the 300 days of sunshine all year round, Malta has seen a huge influx of high net worth individuals, organisations and foreign investment.

Sierra Aviation, had foreseen this potential back in 2002, and became the first company and is still todate the only company which is dedicated to business aviation. As the number of these individuals and organisations grow, and as Malta's profile through its EU connection continues to come to the forefront the more such people will travel to the island of Malta and call it home.

Embraer is the first manufacturer to recognise this, has on the 4th April shown of its flagship aircraft the Legacy 600 at Malta International airport to a number of Maltese and foreign businessmen. Embraer considered this to be a success full trip and in fact confirmed once their smaller aircraft the Phenom 100 and Phenom 300 are launched to service they will sure have Malta on their itinerary.

Press Release Submitted On: April 04, 2008 at 1:35 pm
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