Dniproavia signs with Embraer for 10 E-Jets

Embraer and Dniproavia, a member of the Ukrainian Aviation Group Alliance, came to an arrangement,regarding the delivery of ten EMBRAER 190s, with options for another five jets. The aircraft will be operated by Dniproavia, in cooperation with another alliance member, AeroSvit, and will be placed under a lease structure to be arranged by a third party. The total value of the deal, at list price, is $ 400 million, based on January 2010 economic conditions, and could reach $ 600 million if all options are confirmed. This value will be added to the current Embraer firm order backlog.