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Farnborough: Azul Airlines signs contract with ATR for 40 aircraft

21-Jul-2010 11:49 AM

Azul Linhas Aereas signed (20-Jul-2010) a contract with ATR for the purchase of 40 ATR 72-600s, comprised of 20 firm orders and 20 options. The agreement makes Azul the first airline in Latin America to place an order for the ATR-600 series aircraft. The deal is worth USD850 million, including the options, and deliveries of the new aircraft will commence in late 2011. The new ATR 72-600 fleet, in a 70-seat configuration, will enable Azul to continue expansion of its domestic regional network as it adds smaller regional routes. Azul currently serves 21 destinations in Brazil with a mix of E190 and E-195 aircraft, with 106 and 118 seats each, respectively. Azul also announced the purchase of an additional five E195 jets, valued at USD211 million, to be delivered this year. By Dec-2010, Azul will operate a fleet of 26 Embraer jets. Azul now has a total of 41 firm orders, 20 options, and purchase rights for a further 20 Embraer aircraft. Together, with additional leased aircraft, Azul's Embraer fleet comprises 86 jets. [more]