Embraer sells up to 34 additional E-Jets to Air France/KLM Group

Embraer announced a firm order for 15 E175s and two E190s from KLM Cityhopper, KLM’s regional subsidiary. The contract for the 17 E-Jets also includes an option for 17 additional E-Jets for KLM Cityhopper or Air France regional subsidiary HOP! The firm order, which will be included in Embraer’s 2015 first-quarter backlog, has an estimated value of US$ 764m based on Embraer’s current list prices. The transaction is valued at US$ 1.5bn, if all options are exercised. Both the E190s and the E175s will be configured in single-class layouts. They will join the 28 E190s already flying with KLM Cityhopper to replace the remaining 19 Fokker F70s that the carrier is phasing out.