Six ERJ 195s to Air Europa

In a deal valued at $237 million, Globalia is taking an additional six Embraer ERJ 195s to be operated by Air Europa. Globalia is owned by Juan Jose Hidalgo, president of JJH Capital and Air Europa, The deal converts the purchase rights originally announced in February 2008. This transaction is already included in Embraer's third quarter firm order backlog as undisclosed.
The new ERJ 195s will be flown by Air Europa on short and medium routes in Spain, the Balearic and Canary Islands, and Europe. Delivery of the first aircraft confirming a purchase right, should take place by mid-2010. Air Europa will be the first operator in the world to fly the ERJ 195 in a single-class, 122-seat layout.
One of Globalia’s original six-aircraft order has since been sold by Globalia to an undisclosed customer, resulting in a fleet of 11 ERJ 195 jets when all deliveries are completed. On September 30, 2008, Embraer had logged 865 firm orders and 813 options for the E-Jets family.