Ireland-based leasing company Aldus Aviation Limited has placed a firm order for five Embraer 175 and 15 Embraer 190 commercial jets. The contract also...

Ireland-based leasing company Aldus Aviation Limited has placed a firm order for five Embraer 175 and 15 Embraer 190 commercial jets.

The contract also includes purchase rights for 15 additional aircraft of any Embraer E-Jets family model.


Powered by the General Electric CF34-8E engine, the Embraer 175 is the second-smallest member of the Embraer E-Jets family. Sales of the model have proved resilient and Embraer has announced it will develop a new-generation version with Pratt & Whitney PurePower PW1700G engines

Powered by the General Electric CF34-8E engine, the Embraer 175 is the second-smallest member of the Embraer E-Jets family. Sales of the model have proved resilient and Embraer has announced it will develop a new-generation version with Pratt & Whitney PurePower PW1700G engines

 

According to Embraer, the deal can reach a list-price total of $1.56 billion in 2012 dollars if Aldus Aviation turns its purchase rights into firm orders.

The firm-order aircraft are already included in Embraer’s fourth-quarter 2012 backlog, where the order was listed as being for an undisclosed customer.

“This deal with Aldus Aviation, who uniquely have an exclusively 100 per cent Embraer fleet, confirms the value of the E-Jets as an excellent financial asset for leasing and financing companies,” says Paulo Cesar Silva, president & CEO, Embraer Commercial Aviation.

“Aldus has been a successful partner for Embraer, placing aircraft throughout Europe, Middle East, Australasia and Central and South America and this order will allow new market opportunities to be developed together,” adds Silva.

“The order is a culmination of many years of successful cooperation with Embraer in developing a leasing market for the E-Jet family,” says Stephen Gorman, chief executive of Aldus Aviation.

The 90-to-100-seat Embraer 190 is by far the highest-selling member of the Embraer E-Jets family. Embraer is developing a new-generation version with a new wing and Pratt & Whitney PurePower PW1900G geared turbofan engines

The 90-to-100-seat Embraer 190 is by far the highest-selling member of the Embraer E-Jets family. Embraer is developing a new-generation version with a new wing and Pratt & Whitney PurePower PW1900G geared turbofan engines

 

Adds Gorman: “We view the E-Jet family as a key product, not only for Aldus, but for airlines seeking to provide a quality flying experience for passengers and generating profits in a challenging airline market. Several significant opportunities are in prospect and we believe that Embraer E-Jets will be increasingly central to fleet planning in many airlines.”

Since 2004, Embraer has delivered more than 900 E-Jets. To date, 63 airlines in 43 countries have chosen to operate the four-aircraft family, which offers models with capacities from 70 to 120 seats.

Embraer says customers operate E-Jets under a variety of business models. Customers include network carriers, charter operators and low-cost and regional airlines.

Aldus Aviation Limited focuses on the ownership and leasing of the Embraer E-Jets family of aircraft. Aldus Aviation Limited manages aircraft on behalf of Aldus Aviation Fund Limited.

As of December 31, 2012, the group had 21 owned Embraer 170, Embraer 190 and Embraer 195 aircraft deployed in Europe, Middle East, Australasia, and Central and South America. The company acquired its first Embraer aircraft in 2008.