NAS Air to buy 5 Embraer jets worth $172.M |
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Published
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Mon, 12 Nov 2007 19:11
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SAN FRANCISCO (Thomson Financial) - Empresa Brasileira de Aeronautica S.A. said Monday that NAS Air of Saudi Arabia has entered a contract to buy five Embraer 190 E-Jets, with options for another five.The contract also includes purchase rights for 12 more aircraft of the same model, the Brazilian aerospace firm said.The total value of the deal is $172.5 million at list prices and could reach $759 million if all options and purchase rights are confirmed, Embraer said.NAS Air has also signed a separate agreement with GE Commercial Aviation Services to operate another three Embraer 190s and two Embraer 195s under a leasing contract, the company noted.Embraer shares were up $2.4% to $47.39.Katherine Huntkh/jwCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Embraer: Taca Group agree to buy 11 E-190 jets in deal valued at $379.5M 