Company Watch - Embraer

Airguide Online, August 27, 2007

Aug 27, 2007

Embraer yesterday signed a contract with BRA Transportes Aereos for 20 118-seat E-195s plus 20 options, finalizing an order announced at the Paris Air Show. The deal includes 20 "rolling options," which if confirmed constitute purchase rights for an additional 15 aircraft, the manufacturer said. Value of the 20 firm aircraft is $730 million at list prices and the deal could reach $2.7 billion if all options and rights are exercised. BRA said it will become the first Brazilian carrier to operate the E-Jet. The LCC currently flies eight 737s and two 767-300ERs (plus two more on wet-lease for long-haul operations). Aug 23, 2007

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