Brazilian carrier Azul Linhas Aéreas Brasileiras S.A has signed a letter of intent (LOI) contemplating a firm order for 30 Embraer 195-E2 jets, as well as purchase rights for 20 more.
The manufacturer announced the Azul Linhas Aéreas Brasileiras LOI for up to 50 Embraer 195-E2s on the second day of the Farnborough International Airshow 2014.
Embraer expects to complete negotiations over firming the firm, 30-aircraft part of the commitment from Azul Linhas Aéreas Brasileiras by the fourth quarter of this year. The aircraft will be added to the manufacturer’s order backlog when the order is finalized.
As the first airline to order the Embraer 195-E2, Azul will become the launch operator for the model.
Embraer estimates that if Azul firms all its purchase rights, its orders for 195-E2s will have a list-price value of $3.1 billion.
“With the E-Jets family as the backbone of its fleet, Azul has brought affordable air travel to an entirely new segment of the population in Brazil,” says Paulo Cesar Silva, president and CEO of Embraer Commercial Aviation.
Currently, Azul has a total of 82 Embraer E-Jets in service and another 11 on order. It operates the largest fleet of Embraer 195s in the world.
“Our partnership with Embraer has been fundamental to Azul’s success from the very beginning,” says David Neeleman, Azul’s CEO. “Since 2008 the E-Jets have enabled Azul’s exponential growth, resulting in the creation of an entirely new market for domestic air travel.
Adds Neeleman: “In addition, by selecting airplanes designed and developed in our home country, Azul significantly contributes to thousands of highly skilled jobs in Brazil. The E2 will be the most advanced model in its category, allowing us to reduce operating costs, further increase capacity and deliver an even higher level of service to our customers”.
The first delivery of a model from the Embraer E-Jets E2 family (the honor will go to an Embraer 190-E2) is planned for the first half of 2018. The Embraer 195-E2 is slated to enter service in 2019 and the Embraer 175-E2 in 2020.
Azul, the third largest airline in Brazil, offers more than 870 daily flights to 104 destinations in the country. With a fleet of 141 aircraft and 10.000 employees, the company currently has a 33 per cent share of departures of the Brazilian domestic airline market. For more information on Azul, visit www.voeazul.com.br.