Canada’s AirSprint signs order for up to 12 Embraer Business Jets

AirSprint, a privately held fractional aircraft ownership company based in Calgary, Alberta, signed a purchase agreement for up to 12 Legacy 450, which consists of two firm orders with expected delivery in Q4 2016 and 10 purchase options with initial delivery dates starting in Q1 2017. This agreement has an estimated value of US$198m at the current list price, if all options are exercised. The announcement was made at the opening of the Canadian Business Aviation Convention and Exhibition (CBAA). The firm orders of this purchase agreement have been included in the Company’s second quarter backlog. Deliveries of the Legacy 450 to AirSprint will begin as soon as the aircraft is awarded type certification by Transport Canada Civil Aviation (TCCA), which is expected to occur in the fourth quarter.