Embraer locks in orders for 123 aircraft
Embraer has been working hard to finalize order commitments before the end of 2018 and so far it’s paid off, with three customers reaching firm deals with the manufacture for 123 aircraft consisting of the E1 and E2 family.
The deals can be seen below. Keep in mind many more were made throughout the year, however the close proximity of these deals towards the end of the year indicate a push to finish 2018 with a bang.
Azul and Embraer recently announced a firm order for 21 E195-E2 in a deal worth $1.4 billion at list prices. The deal was initialized during the 2018 Farnborough Air Show in July, which you can read about here.
It’s worth noting that this order is a top-up from their 2015 order for 30 of the type, also making them the launch customer for the specific model. The first of the 51 aircraft is expected to be delivered in 2019, with the others following soon after. Additionally, commitments for another six E195-E2s have been made through lessors.
The orders appear as the airline follows their plans to overhaul their fleet with efficient aircraft such as the Airbus A320neo and Embraer E2 aircraft. The existing fleet of E190s and E195s are expected to be gone by 2021, with the airline stating they’d investigate options to have them depart earlier.
Again, another airline firming up Farnborough 2018 commitments, Republic Airways has signed a firm deal for 100 E175 aircraft with deliveries commencing in 2020. The deal worth $4.7 billion at list prices, allows the airline to exercise purchase rights for an additional 100 as well as convert the aircraft to the newer E175-E2.
Although a small figure, Air Kiribati and Embraer reached an agreement in Singapore for firm orders for two E190-E2 aircraft with two options.
At list prices, the deal is valued at $243 million and will see the aircraft be delivered to the airline in 2019. Small international routes as well as lengthy domestic routes within the operating range of the aircraft are planned for the aircraft.
Embraer was adamant about the fact the order came after a three-week Asia Pacific tour of the famous Shark livery in October, which included a stop n Tarawa, the capital of Kiribati.
Hon Willie Tokataake, Minister for Information, Communication, Transport and Tourism Development for the Kiribati Government, reflected on the deal in the following statement:
“We were impressed with what we saw when the E190-E2 visited Kiribati in October. Given its impressive range, lower fuel consumption and maintenance costs and dual class configuration that brings comfort to our passengers compares to its peers, the E190-E2’s capabilities empower us to enhance connectivity within our country and beyond, taking our nation to its next phase of growth.”
Air Kiribati has a small fleet of aircraft consisting of one Bombardier Dash 8, one De Havilland DHC6-300 Twin Otter and three Harbin Y12 IVs. The E190-E2, compared to these aircraft, is a major increase in operating size and capacity, making for an interesting change for the airline and area itself.