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Azul announces letter of intent to acquire 21 Embraer 195-E2 aircraft
Total orders for the aircraft type now at 51
São Paulo, July 17, 2018 - Azul announces today a letter of intent to acquire 21 Embraer 195-E2 aircraft, increasing its total firm order of E2s to 51. The announcement was made today at the Farnborough International Airshow held in England. With deliveries starting in 2019, the new aircraft will be configured with 136 seats, 15% more than the current version. Combined with the significant fuel burn improvement of the next generation aircraft, Azul expects to operate the E2s at a 26% lower cost per seat than the current generation Embraer jets operated by the airline. In addition to the savings in operating cost, the E2s have the same type rating as the E1s, significantly lowering fleet transition and pilot training costs.
"We are very happy to increase our order of E2s. Our Embraer fleet has always been and will continue to be a critical part of our network and fleet strategy. We are extremely excited by the fleet transformation path that we are on, and it is the biggest part of our margin expansion plan moving forward. With the need to replace all of our current generation E1 aircraft, 50% of those in the next 5 years, this order guarantees that Azul will have the newest, most fuel efficient fleet in the industry, continually driving down unit costs", says John Rodgerson, CEO of Azul.
As a result of being Embraer’s largest E-195 operator, Azul will benefit from favourable buying conditions, including flexibility to adapt to market growth opportunities.
Click here to access the document.