Brazil: Embraer sells 36 aircraft to Brazil’s newest airline

28 March 2008

Sao Jose dos Campos, Brazil, 28 March – Brazilian aircraft manufacturer Embraer – Empresa Brasileira de Aeronáutica said Thursday it had sold 36 jet aircraft of its 195 model to a new Brazilian airline, which has yet to be named, with options and rights for a further 40 units.

In a statement published on its website, the company said that the sale value was US$1.4 billion and could reach up to US$3 billion if all options and rights were exercised.

The new Brazilian domestic airline, headed up by David Neeleman, the former chairman of US air carrier Jet Blue, has made a request for licensing from the aviation authorities and is soon expected to launch a marketing campaign to reveal its name and branding.

Also according to the statement, the Embraer 195 is competitively-priced in terms of cost per seat and per journey, even with a smaller number of passengers, as compared with other models available on the market.

The 195 has an autonomy of over 4,000 kilometres and will be configured to have a single class, with capacity to carry 118 passengers, with two leather seats on each side of the aircraft’s aisle.

The new airline, whose name will be announced by 5 May, following an Internet vote, is expected to start flying in January 2009, with an initial investment of US$150 million, from both Brazilian and foreign sources.

The first three aircraft from this order are due to be delivered in December 2008 and the remainder over the following three years. (macauhub)