Embraer confirms firm order from Tianjin Airlines for E-Jets and E-Jets E2

Tianjin Airlines and Embraer signed (19-May-2015) the final agreement for the sale of 22 aircraft. The contract, with an estimated value of USD1.1 billion at current list prices, comprises 20 E195s and two E190-E2s, making HNA Group's Tianjin Airlines the first Chinese airline to order the E-Jets E2s. The agreement between the two companies for 40 aircraft was previously announced during Chinese President Xi Jinping's State visit to Brazil in Jul-2014. The remaining 18 E190 E2 will be part of a second approval by the Chinese authorities in a later stage. The first E195 will be delivered in 2015, and the first E190-E2 is scheduled for delivery in 2018. This order will be incorporated in Embraer's 2015 second-quarter backlog. Tianjin Airlines is currently the operator of the largest fleet of E-Jets in Asia. [more - original PR]