Bloomberg News

Embraer Wins $709 Million of Orders for Current Regional Jets

June 18, 2013

Embraer SA (EMBR3), the Brazilian planemaker upgrading its signature family of regional jets, won $709 million of orders from four airlines for the current versions, Chief Executive Officer Frederico Curado said.

Conviasa will take seven E-190s, while Air Lituanica will receive four of the jets and Air Costa will order one, Curado said today in an interview at the Paris Air Show. Japan Airlines Co. bought four of the smaller E-170 variant, he said.

The orders follow yesterday’s introduction of the so-called E2 versions of Embraer’s E-Jets regional lineup at the Paris expo, the industry’s biggest trade event. SkyWest Inc. and International Lease Finance Corp. are among buyers placing 365 firm orders and commitments for the new aircraft, which will arrive later this decade.

“My sales priority is the existing family,” Curado said.

The E-170 has a list price of $38.7 million and seats 70 to 78 people, according to the website of Sao Jose dos Campos, Brazil-based Embraer. The E-190 carries a $46.2 million list price and can hold as many as 114 passengers, Embraer has said. Airlines typically buy at a discount.

To contact the reporters on this story: Tim Catts in Paris at tcatts1@bloomberg.net; Robert Wall in Paris at rwall6@bloomberg.net

To contact the editors responsible for this story: Ed Dufner at edufner@bloomberg.net; Benedikt Kammel at bkammel@bloomberg.net


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