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18-Jul-2014 10:06 AM

ICBC Leasing signs purchase agreement for up to 20 E190-E2s

ICBC Financial Leasing Co and Embraer signed (17-Jul-2014) a sales agreement for up to 20 E190-E2. The agreement covers ten firm orders and ten purchase rights. The firm orders for the first 10 aircraft will be included in Embraer's 3Q2014 backlog. The E190-E2 is the first model of the E-Jets E2 family to enter into service. The value of the contract is USD1.1 billion at list prices if all purchase rights are converted to firm orders. Deliveries are scheduled to commence in 2018. Embraer Commercial Aviation president and CEO Paulo Cesar Silva said, "Having ICBC Leasing as a lessor of E2s gives our prospective customers yet another option when they look to operate these new-generation aircraft,....ICBC Leasing has expanded quickly over the past few years to become one of the world's leading lessors of mainstream aircraft. The strong appeal of E-Jets to airlines around the world was a key factor on ICBC's decision to acquire E2s." ICBC Leasing CEO Cong Lin said, "We are pleased to be part of the E-Jets E2 program and to further extend our partnership with Embraer...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. We are confident that these new jets will bring great benefits to our customers." [more - original PR]

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