Embraer sells 5 jets to M1 Travel; option for 5 further planes |
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Published
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Tue, 27 Feb 2007 15:07
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SAO PAULO (AFX) - Brazilian aircraft maker Embraer has received a firm order for five E-190 jets from leasing company M1 Travel Ltd, which has also taken an option on five E-195 aircraft.If M1 Travel takes up the option for the five additional aircraft -- which have a higher capacity than the E-190 -- the total value of the contract could reach 335 mln usd, Embraer said in a statement.M1 Travel, part of Dubai-based M1 Group Ltd, will lease three of the jets to Geneva-based airline Flybaboo. M1 Travel is one of the biggest shareholders in Flybaboo.Embraer will deliver the jets from 2008. Embraer produces four jets in the 100-seat range -- the E-170, the E-175, the E-190 and the E-19 -- with seat numbers ranging from 70 to 118.Embraer is the world's third-largest commercial aircraft maker after Boeing and Airbus.Embraer's orders book hit 14.8 bln usd by Dec 31 last year.newsdesk@afxnews.comafp/ms1/ambCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Embraer will ship up to 170 jets in 2007 