In: Press Releases
ILFC Signs LOI for up to 100 E-Jets E2 from Embraer
Paris, France, June 17th 2013 – Embraer S.A. (NYSE: ERJ; BM&FBOVESPA: EMBR3) signed a Letter of Intent (LOI) with International Lease Finance Corporation (ILFC), a global leader in the leasing and remarketing of jet aircraft to commercial airlines, for the sale of 25 E190-E2 and 25 E195-E2. The LOI also contains options for an additional 25 E190-E2 and 25 E195-E2.
“This order demonstrates the huge market potential that ILFC sees for the E2,” said Paulo Cesar Silva, President and CEO, Embraer Commercial Aviation. “We thank ILFC for becoming a new E-Jets customer and for endorsing the program. As the launch customer, among leasing companies for the E2, ILFC’s global footprint and its diversified operator base will ensure access for even more airlines around the world to the aircraft.”
With approximately 1,000 owned and managed aircraft and a range of innovative customized leasing programs, ILFC pioneered the aircraft leasing business and has maintained its leadership position for four decades offering its customers full-service advisory capabilities and invaluable knowledge of the global aircraft fleet.
“We are pleased to be a lessor launch customer for the new E-Jets E2 and look forward to growing our relationship with Embraer,” said ILFC Chief Executive Officer, Henri Courpron. “The introduction of the E-Jets family to our fleet is an exciting prospect, as we believe these new aircraft would bring operational efficiencies to our global customers and further strengthen our company’s position as the most responsive and resourceful aircraft lessor today.”
The E-Jets E2 represent Embraer’s commitment to continuously invest in the company’s line of commercial jets and maintain its leadership in the 70 to 130 seats market. The three new airplanes (E175-E2, E190-E2, E195-E2) carry the designator “E2” which signifies generational changes in technology that have been incorporated in the design. Each of the three aircraft has the versatility for a range of single class, multi-class or high-density seat capacities to suit operator requirements with new ‘look and feel’ and improved comfort levels.
State-of-the-art engines in combination with new aerodynamically advanced wings, new engines, full fly-by-wire flight controls, and advancements in other systems will result in double-digit improvements in fuel burn, maintenance costs, emissions and external noise.
The first delivery of an E-Jets E2 (the E190-E2) is planned for the first semester of 2018. The E195-E2 is slated to enter service in 2019 and the E175-E2 in 2020. Over 950 E-Jets have been delivered to date. Currently, 65 customers from 47 countries have added Embraer E-Jets to their fleets.
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