Brazil's Azul signs LOI for up to 50 E195-E2 jets

Embraer has signed a Letter of Intent (LOI) with Azul Linhas Aéreas Brasileiras for 30 firm orders for the E195-E2 jets. The firm order is expected to be completed by the fourth quarter of this year, when the aircraft will be added to the Company’s backlog. Besides the firm order, the LOI includes additional 20 purchase rights for the same model, bringing the total potential order to up to 50 E195-E2 jets. The contract for the E-Jets E2 has an estimated value of US$3.1bn, at list prices, if all purchase rights are converted to firm orders. As the first airline to order the E195-E2, Azul becomes the launch launch operator for this aircraft. The 30 firm E195-E2 jets will be powered by Pratt and Whitney engines. Deliveries are scheduled to begin in 2020.