Officials from Embraer and Helvetic Airways, Zurich, Switzerland, have signed a contract for a firm order of 12 E190-E2 jets. This agreement was announced as a letter of intent (LoI) at the 2018 Farnborough Air Show. The firm order has a value of $730 million, based on current list prices, and will be included in Embraer’s 2018 third-quarter backlog. The contract also includes purchase rights for a further 12 E190-E2, with conversion rights to the E195-E2, bringing the total potential order up to 24 E-Jets E2s. With all the purchase rights being exercised, the deal has a list price of $1.5 billion.
The announcement was made by the two companies during the Zurich debut of the E190-E2 as part of its tour of Europe and the Commonwealth of Independent States (CIS).
The first 12 E190-E2 aircraft will begin replacing Helvetic’s five Fokker 100s and seven E190s, starting in late 2019 and completing in autumn 2021. The purchase options for a further 12 aircraft (E190-E2 or E195-E2) will enable Helvetic Airways to grow according to market opportunities.
For the E-Jets program alone, Embraer has logged more than 1,800 orders and 1,400 deliveries.