Embraer Sells Five More 190s

M1 Travel Ltd. contracted for five Embraer 190 E-Jets, with options for five more of, either the same model, or the bigger ERJ 195, depending on market demands. M1 Travel Ltd is a subsidiary of M1 Group and one of the largest shareholders of Geneva-based Flybaboo SA. The first three ERJs 190s, with deliveries starting in 2008, will be leased by M1 to Flybaboo. The total value of the deal, if all options are exercised, could reach $355 million, at list prices.