Embraer signed a firm order with Globalia, owned by Juan Jose Hidalgo, President of JJH Capital and Air Europa, for an additional six EMBRAER 195 jets, to be operated by Air Europa, a subsidiary of Globalia. The deal is valued at $ 237 million, at list price, based on January 2008 economic conditions, and converts the purchase rights originally announced in February 2008.
The new EMBRAER 195 will be flown by Air Europa on short and medium routes in Spain, the Balearic and Canary Islands, and Europe. Delivery of the first aircraft confirming a purchase right, should take place by mid-2010. Air Europa will be the first operator to fly the EMBRAER 195 in a single-class, 122-seat layout.