Azul (full name Azul Linhas Aereas Brasileiras) has confirmed options for 10 Embraer 195 jets valued at $478 million at list prices, close on the heels of ordering 11 only four months ago. This takes the total airplanes ordered by the Brazilian low-cost carrier to 62 (57 E195s and five E190s). A smaller order for two Embraer E-175, placed by Belavia of Minsk (in Belarus), was also announced.
Azul Brazilian Airlines
Embraer won an order for 11 more 118-seat E195s from Brazilian airline Azul in late October, not long after New York-based JetBlue canceled an order for 12 E190s. The contract with Azul, owned by JetBlue co-founder David Neeleman, calls for deliveries to start early in 2013. Embraer places the value of the contract at $497 million.
Azul Linhas Aereos, Brazil’s newest discount airline, registered a 79.71-percent load factor and carried 2.2 million passengers last year, its first full year of operation, and the fledgling carrier expects to turn a profit this year.
Flybe yesterday placed what will likely be the biggest regional airliner deal of the Farnborough show week, committing to buy up to 140 Embraer 175 aircraft with a potential combined value of $5 billion. The contract signed here includes 35 firm orders (worth $1.3 billion), 65 options and 40 purchase rights.
David Neeleman’s new Brazilian airline venture appeared to have taken a giant leap toward fruition today, as Embraer announced that the JetBlue founder signed a contract to buy 36 of the 108- to 122-seat E195 jets and take options on another 20. The deal also secured purchase rights on another 20 airplanes, which, if exercised, would raise the total value of the orders to $3 billion.