Embraer Sells More 190s

Now we know why Embraer is so bullish on Mexico and the Middle East. It just 22 to Aeromexico and Saudi Arabia’s National Air Service in addition to Austrian’s NIKI. It certainly looks as if its arguments for right sizing are getting through. Related Story The new orders are in addition to the five placed with Kun Peng this week. Recently, it cited the high growth of the Mexican market and yesterday signed a contract with Aeromexico to incorporate 12 ERJs into its fleet as part of the airline's modernization plan. The new aircraft will be flown by its Aeromexico Connect subsidiary, which already operates 28 ERJ 145 jets, and has taken operating leases on four ERJ 190 jets from GE Commercial Aviation Services (GECAS), since November 2007. This operation is already included in Embraer's 2008 second quarter firm order backlog.
Embraer and Saudi Arabia's National Air Services (NAS) Aviation confirmed options on five more ERJs 190 jets. The original contract, covering five firm orders and five options, was announced in November 2007, during the Dubai Airshow. The total value of the new agreement, at list price, is $187.5 million, and the airline also retains purchase rights for 12 more aircraft of the same model. This deal is already included in Embraer's 2008 second quarter firm order backlog as "undisclosed".
Embraer and Austria's NIKI Luftfhart GmbH signed a contract for five ERJ 190 jets. The agreement was announced today at the and includes purchase rights for another five aircraft, which could be either the ERJ 190 or the ERJ 195. The total value of the deal comes to $187.5 million, and could double, if all options are confirmed for the ERJ 190. Deliveries are scheduled to begin in the first half of 2009.