SINGAPORE, Feb. 13, 2014 /PRNewswire/ -- Embraer S.A.
(NYSE: ERJ, BOVESPA: EMBR3) has signed a definitive agreement
with India's Air Costa for a firm
order for 50 E-Jets E2s with an additional 50 purchase rights. The
acquisition is a mix of 25 E190-E2s and 25 E195-E2s and has an
estimated value of USD 2.94 billion
based on 2014 list prices. The purchase rights are for an
additional 25 E190-E2s and 25 E195-E2s, bringing the total
potential order to up to 100 aircraft and can reach USD 5.88 billion if all are exercised. This
transaction raises the total E-Jets E2 orders to 200 firm and 200
options/purchase rights since the launch of the E2 program, in
June 2013.
Air Costa has become the first customer of E-Jet E2s in the
Indian market and will take delivery of the E190-E2 in 2018. The
E195-E2 is scheduled to enter service in 2019. Today, the airline
flies four E-Jets: two E170s and two E190s. Air Costa is based out
of Vijayawada, Andhra Pradesh.
"E-Jets have proven their ability to stimulate traffic and
sustain airline profitability while providing affordable and
comfortable air travel to people in emerging markets like
Brazil and China. I see the domestic Indian market
developing in a similar way with both the current E-Jets and of
course the E2s. I congratulate Air Costa for its vision in seizing
the opportunity to bring greater connectivity within India and we are sincerely grateful for the
airline's confidence in Embraer," said Paulo Cesar Silva, President & CEO, Embraer
Commercial Aviation.
Air Costa is currently connecting cities in southern
India such as Bangalore, Chennai, Hyderabad and Vijayawada, as well as key
secondary cities in the North and Northwest of the country. The
airline plans to link underserved markets with more direct flights,
increasing frequencies and routes, thus serving growing
metropolitan areas, as well as key secondary and tertiary business
centers.
Ramesh Lingamaneni, Executive
Director of LEPL Group and Chairman of Air Costa, the aviation
vertical of the Group, noted "regional air services have enormous
potential in India, especially the
ones connecting tier one, two and three cities. Our initial
experience with our current E-Jets has been very positive. Our
passengers have complimented the aircraft on its comfort and
point-to-point convenience. The E2s will give us right-sized seat
capacity for us to cater to the future target markets and unit
costs that are competitive with larger re-engined single aisle
aircraft."
Air Costa's E2s will feature new-design cabins with an even
higher standard of comfort and more personal space. The E190-E2
will be configured with 98 seats in dual class layout, with six
seats in first class, and the E195-E2 with 118 seats, with 12 seats
in the first class.
Embraer's E-Jet E2s demonstrates the company's commitment to
continuous improvement into its line of commercial jets and
leadership in the 70 to 130-seat jet aircraft capacity segment. The
three new airplanes (E175-E2, E190-E2, and E195-E2) have geared
turbofan engines from Pratt & Whitney, new aerodynamically
advanced wings, full fly-by-wire flight controls, and advancements
in other systems that will deliver double-digit improvements in
fuel burn, maintenance costs, emissions, and external noise
compared to current-generation E-Jets.
Follow us on Twitter: @EmbraerSA
About Air Costa
Air Costa is part of the privately held LEPL Group, a
diversified entity with interests in property development and
infrastructure development in the commercial, residential,
education, power and health sectors. The airline commenced
scheduled services in October 2013
and operates Embraer E-Jets to tier one and tier cities
in India such as Vijayawada,
Jaipur, Bengaluru, Ahmedabad, Hyderabad and Chennai. Future
cities will include Goa,
Pune, Madurai and
Vizag. Visit www.aircosta.in
About E-Jets E2
In July, 2013, Embraer launched the E-Jet E2 family of aircraft,
the second generation of its successful E-Jet family of commercial
aircraft comprising three new airplanes; E175-E2; E190-E2; and
E195-E2 accommodating seating from 70 to 130 passengers. The
E190-E2 is expected to enter service in the first half of 2018. The
E195-E2 is slated to enter service in 2019 and the E175-E2 in 2020.
For more highlights on the E2 generation of E-Jets visit
www.embraercommercialaviation.com/E2
CONTACTS:
Headquarters (Brazil)
Rosana Dias
rosana.dias@embraer.com.br
Cell: +55 12 9724 4929
Tel.: +55 12 3927 1311
Fax: +55 12 3927 2411
North America
Robert Stangarone
rstangarone@embraer.com
Cell: +1 954 260 9939
Tel.: +1 954 359 3101
Fax: +1 954 359 4755
Europe, Middle East and Africa
Herve Tilloy
herve.tilloy@embraer.fr
Cell: +33 6 0864 3545
Tel.: +33 1 4938 4530
Fax: +33 1 4938 4456
China
Mirage Zhong
mirage.zhong@bjs.embraer.com
Cell: +86 138 1191 8053
Tel.: +86 10 6598 9988
Fax: +86 10 6598 9986
Asia Pacific
Nilma Missir-Boissac
Nilma.boissac@sin.embraer.com
Cell: +65 9012 8428
Tel.: +65 6305 9955
Fax: +65 6734 3908
SOURCE Embraer S.A.
