Embraer sells five more jets to Azul
19-Jul-2010 Brazilian airline increases the number of firm orders to 41 aircraft.
Embraer has signed an additional contract with Azul Linhas Aéreas Brasileiras for the sale of five more EMBRAER 195 jets. The total value of the deal, at list price, is US$ 211 million, under January 2010 economic conditions. This order is already included in Embraer's firm order backlog for the second quarter of 2010 as "Undisclosed customer".
The five EMBRAER 195 jets will be delivered yet this year, and by December, Azul will have 26 E-Jets in its exclusively Embraer fleet.
After adding in the 36 aircraft ordered in March 2008 (five EMBRAER 190s and 31 EMBRAER 195s), Azul now has a total of 41 firm orders for Embraer jets, as well as options for another 20 aircraft and purchase rights for 20 more.
"There is no greater sense of satisfaction for a manufacturer than to receive more orders from an important customer," said Paulo César de Souza e Silva, Embraer Executive Vice President, Airline Market. "This new order confirms the customer's confidence in our product. We are building a successful commercial partnership with Azul that I am certain will continue for many years."
Azul took delivery of its first Embraer aircraft in December 2008. It began operations a few days later, out of Viracopos Airport (VCP), in the city of Campinas, outstate São Paulo, to Porto Alegre and Salvador. The airline currently serves 21 cities in Brazil and continues to expand the number of destinations. It has carried more than three million passengers in about a year and a half of operation. Investments also include the acquisition of a flight simulator that is already in use to train the company's pilots.
"Our customers love the safety, comfort, and reliability of the E-Jets. This additional order is fundamental for accelerating Azul's growth even more," said David Neeleman, Chairman of Azul Linhas Aéreas Brasileiras. "This contract also strengthens our ties with Embraer and, above all, it is undisputed proof of our belief in stimulating air traffic in Brazil with Azul's winning formula that allies excellent services with affordable prices."