Embraer and Azul Linhas Aéreas Brasileiras reached a final agreement for 30 firm orders for E195-E2s. The contract, announced as an LOI at the 2014 Farnborough Airshow includes an additional 20 purchase rights for the same model, bringing the total potential order to 50 E195-E2s.
The contract for the aircraft is estimated at $3.2bn, at Embraer’s current list prices, if all purchase rights are converted to firm orders. The firm orders will be included in Embraer’s 2015 second-quarter backlog. The first delivery is scheduled for the second quarter of 2020.
Azul has a total of 82 E-Jets in service and another six E195s on order. It operates the largest fleet of E195s in the world. With this order, the E-Jets E2 backlog reaches 242 firm orders, plus 348 options and purchase rights.