Spanish airline Binter Canarias has confirmed it is the airline behind the undisclosed order for five Embraer E195-E2s that was announced earlier this week.
Binter Canarias already operates five E195-E2s since taking delivery of the fifth in June 2021. The order was announced during a media event on December 2. Binter will take delivery of two aircraft in November 2023, two in December, and one in April 2024. The order is valued at $389 million.
A crucial data point in the announcement is that four of the aircraft will be delivered in 2023. This is crucial because, among the OEMs, Embraer is in a position to deliver faster than competitors, although supply chain issues have resulted in a backlog of undelivered planes in Sao Jose dos Campos.
Embraer offers a solution in their largest model with fast delivery. This helps airlines because of the pressure from spiking fuel costs and a pilot shortage (accounting for ~75% of operating costs). The sub-150 seat market Embraer trades in is tough as they face off against Airbus. Where Airbus can’t deploy their A220/A321 combo, Embraer stands the best chance of a win. Winning deals is important, not just for Embraer to add to its order book. Every win demonstrates that the E2 is a viable solution and a competitive aircraft.
(Additional reporting by Richard Schuurman)
Co-Founder AirInsight. My previous life includes stints at Shell South Africa, CIC Research, and PA Consulting. Got bitten by the aviation bug and ended up an Avgeek. Then the data bug got me, making me a curious Avgeek seeking data-driven logic. Also, I appreciate conversations with smart people from whom I learn so much. Summary: I am very fortunate to work with and converse with great people.
