Embraer Commercial Aviation and International Lease Finance Corporation (ILFC), a global leader in the leasing and remarketing of jet aircraft to commercial airlines, have signed the final agreement for 50 firm E-Jets E2 orders: 25 E190-E2s and 25 E195-E2s. The firm order has an estimated value of USD 2.85 billion at current list prices. The contract, announced as a Letter of Intent (LOI) at the Paris Air Show, in June, also contains options for an additional 25 E190-E2s and 25 E195-E2s, bringing the potential order to up to 100 aircraft.
Embraer’s E-Jets E2s represent the Company’s commitment to continuous investment in its line of commercial jets and its leadership in the 70 to 130-seat aircraft capacity segment. The three new airplanes (E175-E2, E190-E2, and E195-E2) are designated as “E2” signifying generational changes in technologies that have been incorporated in the design. Each of the three aircraft has the versatility for a range of single class, multi-class, or high-density seat capacities to suit operator requirements. Their cabins have a new "look and feel" that will offer an even greater standard of comfort and a superior passenger experience.
State-of-the-art engines, in combination with new aerodynamically advanced wings, new engines, full fly-by-wire flight controls, and advancements in other systems will result in double-digit improvements in fuel burn, maintenance costs, emissions, and external noise.
The first delivery of an E-Jets E2 aircraft (the E190-E2) is planned for the first semester of 2018. The E195-E2 is slated to enter service in 2019 and the E175-E2 in 2020. Over 950 E-Jets have been delivered to date. Currently, 65 customers from 45 countries have added Embraer E-Jets to their fleets.
Source: Embraer - Empresa Brasileira de Aeronautica S.A. (NYSE: ERJ)
Date: Jul 17, 2013