Embraer has announced that Hainan Airlines subsidiary Tianjin Airlines has agreed to purchase 40 Embraer E-Jets, comprising 20 E-Jets and 20 E-Jets E2, in an order valued $2.1 billion at current list prices, becoming the first Chinese airline to order the E-Jets E2 model.
According to Embraer, the first current generation E-Jet will be delivered in 2015, and the first E-Jet E2 is scheduled for delivery in 2018.
“Embraer E190s have been the cornerstone of our regional expansion strategy over the past few years and have allowed us to achieve our development objectives,” Tianjin Airlines chairman and president Liu Lu said. “We see these additional orders as a continuation of both our short-term and long-term growth plans. The 20 new E-Jets E2s will bring us even greater efficiency and flexibility in adding frequencies and expanding markets.”
In addition, Embraer said China’s ICBC Leasing has ordered 20 Embraer E-190 E2 jets. The agreement covers 10 firm orders and 10 purchase rights, in an order valued at $1.1 billion at current list prices. Deliveries are scheduled to begin in 2018.
The E-190-E2 is the first model of the E-Jets E2 family to enter into service.
ICBC Leasing CEO Cong Lin said, “Adding E-Jets E2s to our portfolio will diversify our aircraft resources, strengthen our leadership in the leasing market and support us in expanding the leasing market of regional aviation.”