Embraer unveils orders for current E-Jets

PARIS Tue Jun 18, 2013 7:44am EDT

Related Topics

PARIS (Reuters) - Brazilian planemaker Embraer (EMBR3.SA) announced deals for more than a dozen of its current passenger jets worth nearly $700 million at list prices on Tuesday, as it filled out its order book until the second-generation E-Jets arrive in 2018.

The contracts were dwarfed by the 365 potential orders for the next-generation planes unveiled at the Paris Airshow on Monday, but are key to maintaining production levels while Embraer develops its new line-up.

Destined for India, Lithuania, Venezuela and Japan, the new orders underscored the reach of Embraer's E-Jets to more than 65 countries, helped by leasing arrangements for upstart regional carriers as demand slumps from major customers in Europe.

Venezuelan state airline Conviasa confirmed options for seven E-190s in addition to its six jets in service.

Embraer also unveiled two contracts that it had booked without disclosing.

Japan Airlines (9201.T) added four more E-170 orders for a total of 15 aircraft. India's Air Costa acquired two E-170s through Embraer subsidiary ECC Leasing and bought an E-190.

Lithuania's Air Lituanica is also leasing an E-175 from ECC and an E-170 from a third party.

(Reporting by Brad Haynes; Editing by James Regan)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

How to get out of debt

Financial adviser Eric Brotman offers strategies for cutting debt from student loans and elder care -- and how to avoid money woes in the first place.  Video