Manufacturing Industry
Air Canada to purchase 45 Embraer aircraft
Airline Industry Information, Sept 29, 2004
AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD
Air Canada has continued its preparations for leaving bankruptcy by signing a purchase agreement with Brazilian aircraft manufacturer Embraer.
The deal for 45 EMBRAER 190 aircraft is based on Air Canada leaving bankruptcy protection and also includes options on a further 45 aircraft. The firm order is valued at USD1.35bn at list price with the total order including options worth USD2.7bn.
Deliveries are due to start in November 2005. A spokesperson said that the introduction of the Embraer aircraft fits in perfectly with Air Canada's plan to offer high frequency, low-cost services on new and existing routes.
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