Embraer announced today, at the 2016 Farnborough Airshow, that Kalstar Aviation, an Indonesian regional operator, signed a firm order for five E190-E2s. The contract also included five purchase rights for the same model, bringing the total potential order to up to ten aircraft. The order has an estimated value of USD 582 million, at current list price, if all the purchase rights are confirmed.
The transaction will be included in Embraer’s 2016 third-quarter backlog. The deliveries of Kalstar’s orders are scheduled to begin in the first quarter of 2020. This new order brings the E-Jets E2 backlog to 272 firm orders plus 388 Letters of Intent (LoIs), options and purchase rights – a total of 660 commitments from airlines and leasing companies.
“Kalstar Aviation has taken a differentiated path in the Indonesian market by utilizing current generation E-Jets, and soon the E2s, to grow their business sustainably and to provide their passengers an unparalleled cabin experience,” said John Slattery, President & CEO, Embraer Commercial Aviation. “The E190-E2 jet promises to be the best aircraft in its category and will provide greater efficiency to Kalstar Aviation.”
“We are looking forward to the enhanced performance and economics that the E190-E2 brings, while still maintaining a high level of cockpit commonality with the existing E-Jets. This means an easy transition for our pilots when they operate both the current E-Jets and the E-Jets E2,” said Andi Masyhur, CEO Kalstar Aviation. “Passenger feedback on the existing E-Jets we operate has been very positive and we look forward to impressing them further with the new E190-E2 in the coming years.”
Source: Embraer - Empresa Brasileira de Aeronautica S.A. (NYSE: ERJ)
Date: Jul 12, 2016