FARNBOROUGH 2016: Embraer announces 10 firm E-Jet orders

Embraer has announced 25 new E-Jet commitments including 10 firm orders from three full purchase agreements.

John Slattery, the new president and CEO of Embraer Commercial Aviation, reported deals with four customers.

Nordic Aviation Capital (NAC) has converted four E175 options – originally held by Aldus Aviation before it was taken over by NAC – into four firm E190 orders. Japan Air Lines (JAL) also converted and upgraded an option, this time an E170 which now becomes a firm order for one E190.

On the E2 front, Indonesian carrier Kalstar Aviation has placed a firm order for five E190-E2s with five purchase rights for the same model. Meanwhile, Arkia Israeli Airlines has signed a Letter of Intent (LOI) for six firm E195-E2s plus four purchase rights for the type.

Arkia’s CEO Nir Daganjoined the Embraer team at the show and remarked, “Buying an aeroplane is not just the aircraft, it involves the people behind it and the customer support. We have opened 12 new destinations with the current E-Jets. They have mainly been used to replace turboprops but they have also been taking some routes from the 757s. We have them doing short city pairs such as Tel Aviv–Eilat and longer routes like Tel Aviv–Barcelona.”

Slattery confirmed that Embraer now has 670 total E2 commitments including 272 firm orders. “And we’re confident of passing the 300 firm order mark this year,” he declared.

Supporting this claim, Slattery emphasised that Embraer now has more than 100 jet customers, which he said helped residual values to remain robust. “My target in my new role is to maintain the leadership of this market space, with 60% or more of the 6,400 deliveries which we predict in our market forecast will be required over the next 20 years.”

Bernie Baldwin, editor, Low-Fare & Regional Airlines/laranews.net
Farnborough, UK

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