Wednesday, 26 September 2018

Helvectic sign deal for 12 new Embraer E190-E2 aircraft.

Helvetic Airways has signed a contract with Embraer for 12 E190-E2 jets it was confirmed on Wednesday, although was previously disclosed during the Farnborough Air Show, in July.

Back at the air show, the two parties signed a letter of intent (LoI) but the deal has now been confirmed, which is said to be worth USD 730 million at list prices. The contract also includes purchase rights for a further 12 E190-E2, with conversion rights to the E195-E2, bringing the total potential order up to 24 E-Jets E2s. If all the purchase rights are exercised, the deal would have a list price of USD 1.5 billion.

The announcement was made by the two companies during the Zurich debut of the E190-E2, the world’s most efficient and quietest single-aisle aircraft, as part of its tour of Europe and the Commonwealth of Independent States (CIS).

The first 12 E190-E2 aircraft will begin replacing Helvetic’s five Fokker 100s and seven E190s, starting in late 2019 and completing in autumn 2021. The purchase options for a further 12 aircraft (E190-E2 or E195-E2) will enable Helvetic Airways to grow according to market opportunities.

(Image rendering Embraer)