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FARNBOROUGH 2010: Air Lease Corp signs for up to 20 E-Jets

Embraer and Air Lease Corporation have signed a Letter of Intent (LOI) for the lessor to buy 15 Embraer 190s – with five of these orders being re-confirmable – plus five options.

“We’re proud to partner with Steven Udvar-Házy, the founder of Air Lease Corporation (ALC), in his new, thrilling aviation endeavour,” remarked Paulo César de Souza e Silva, Embraer executive vice-president, airline market. “His remarkable professional experience and respectability in the aviation business, together with the outstanding attributes of our E-Jets family, will be major supporters of the success of the new company.”

“We have been following the growing market demand for the E-190 for many years. We are now absolutely convinced that it is the right aircraft for not only the regional jet marketplace, but that its powerful and compelling economics, passenger appeal, and reliability, positions it to occupy a significant segment of mainline operations,” commented John Plueger, president and COO of ALC. “We are delighted to bring this product to our operating lease portfolio for the benefit of our customers, worldwide.”

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