The orders placed by Avolon, Azorra, American Airlines, and Binter demonstrate the growing demand and confidence in Embraer's E2-aircraft family, as airlines seek technologically advanced and environmentally friendly solutions to meet evolving market requirements.
Avolon, a prominent international aircraft leasing company, has finalised a significant sale-and-leaseback agreement with Porter Airlines for ten state-of-the-art Embraer E-195-E2 aircraft. Valued at a list price of US$841.2 million, these new aircraft will play a crucial role in supporting Porter's expansion plans within Canada and throughout the North American market. This landmark deal also marks Avolon's introduction of Embraer's advanced E2 aircraft into its growing fleet.
Embraer has confirmed that the previously undisclosed order, announced in January 2023, for 15 E195-E2 aircraft has been placed by Azorra—a key player in the leasing industry. This substantial order, valued at US$1.2 billion at list price, further strengthens Embraer's Q4 2022 backlog.
In another significant development, American Airlines has solidified its commitment to Embraer by signing a firm order for seven new E175 aircraft. These aircraft will be operated by Envoy Air, a wholly owned subsidiary of American Airlines. The deliveries are set to commence in the fourth quarter of 2023, boosting Envoy's E-jets fleet to over 141 aircraft by the end of 2024.
Binter, the airline of the Canary Islands, has placed a firm order for six Embraer E195-E2 aircraft. Renowned for its exceptional performance as the quietest, cleanest, and most efficient single-aisle jet available, the E195-E2 will enhance Binter's fleet, bringing the total number of E2 aircraft to 16 upon delivery. Binter configures these jets in a comfortable single-class layout, accommodating 132 seats. With a list price value of US$504.7 million, the deliveries are scheduled to commence in the second half of 2024. Once all contractual contingencies are cleared, this order will be included in Embraer's backlog. (£1.00 = US$1.25 at time of publication).
