Embraer is pleased to welcome TUI Travel PLC (“TUI”), one of the world’s leading leisure travel companies, to its E-Jets’ family of customers. The Group will lease two EMBRAER 190 jets under an agreement with BOC Aviation, a Singapore-based aircraft leasing company. The two E190s will be delivered in the first half of 2013 to Jetairfly, the Belgian TUI subsidiary.
Jetairfly’s E190s will be configured with 112 slim line seats in a single-class layout. The E-Jets will allow the airline to provide capacity more economically on lower-demand routes that are currently served by larger narrow-body equipment. The E190s are also intended to be deployed in winter markets where seasonal demand is better satisfied with 100-seat aircraft.
“Jetairfly’s selection of the E190 is a wonderful endorsement of the versatility of the aircraft and a recognition of the aircraft’s role in the tour industry, which is a new business application for the E-Jets family,” said Paulo Cesar Silva, President of Embraer, Commercial Aviation. “I’m equally pleased to build on our partnership with BOC Aviation and in working together to open up new markets for the E-Jet family and providing the world’s airlines with aircraft that support superior operational efficiencies.”
Customers are flying their E-Jets in a range of business models. Jetairfly’s use of the E190 for scheduled tour operations is in addition to E-Jets flying in mainline, low-cost and regional airline networks.
“We’ve identified a growing need for leisure flying with a 100-seat aircraft, where the E190 will be ideally suited,” stated Elie Bruyninckx, Chairman of Jetairfly. “With the E190, we can reduce the number of costly triangle and intermediate-stop flights that are necessary with our larger airplanes to consolidate loads in smaller markets. That means more nonstop flights and shorter travel times for our passengers. It’s a tremendous advantage in our business.”
“We are able to close this transaction with TUI because we have a very close working relationship with them and understand the economics of their business. I am also very pleased to work with Embraer and that our track record of adding value to airframe manufacturers is once again affirmed,” said Robert Martin, Managing Director and Chief Executive Officer of BOC Aviation.
Tom Chandler, Director of Aircraft Acquisition and Finance at TUI Travel PLC added “BOC Aviation and Embraer were both very responsive in meeting our needs. We are pleased to have this opportunity to expand our existing relationship with BOC Aviation and establish our relationship with Embraer who are both proactively supporting the introduction of this new aircraft type to the Jetairfly fleet.”
Since entering revenue service in 2004, Embraer has delivered nearly 900 E-Jets. Today, 60 airlines from 40 countries are flying the versatile 70 to 120-seat, four-aircraft family of aircraft.
Source: Embraer - Empresa Brasileira de Aeronautica S.A. (NYSE: ERJ)
Date: Oct 2, 2012