Azul signs LOI for Embraer E195-E2 jets

16 July 2014

Embraer S.A. reported it has signed a letter of intent with Azul Linhas Aereas Brasileiras S.A. for 30 E195-E2 jets.

The firm order is expected to be completed by the fourth quarter of this year, when the aircraft will be added to the company´s backlog.

Besides the firm order, the LOI includes additional 20 purchase rights for the same model, bringing the total potential order to up to 50 E195-E2 jets. The contract for the E-Jets E2 has an estimated value of USD 3.1bn, at list prices, if all purchase rights are converted to firm orders. As the first airline to order the E195-E2, Azul becomes the launch operator for this aircraft.

Azul, the third largest airline in Brazil, offers more than 870 daily flights to 104 destinations in the country. For more information visit www.voeazul.com.br

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