Brazilian jet maker Embraer has signed a definitive agreement with India’s start up Air Costa airline for a firm order for 50 E-Jets E2s...
Brazilian jet maker Embraer has signed a definitive agreement with India’s start up Air Costa airline for a firm order for 50 E-Jets E2s with an additional 50 purchase rights.
The acquisition consists a mix of 25 E190-E2s and 25 E195-E2s and has an estimated value of USD 2.94 billion based on 2014 list prices.
The purchase rights are for an additional 25 E190-E2s and 25 E195-E2s, bringing the total potential order to up to 100 aircraft and can reach USD 5.88 billion if all are exercised. Air Costa’s E2s will feature new-design cabins with an even higher standard of comfort and more personal space.
The E190-E2 will be configured with 98 seats in dual class layout, with six seats in first class, and the E195-E2 with 118 seats, with 12 seats in the first class. This transaction raises the total E-Jets E2 orders to 200 firm and 200 options/purchase rights since the launch of the E2 program, in June 2013.
Air Costa has become the first customer of E-Jet E2s in the Indian market and will take delivery of the E190-E2 in 2018. The E195-E2 is scheduled to enter service in 2019.
Pratt & Whitney Pure Power Geared Turbofan engines will power the Air Costa E-jets. Today, the airline flies four E-Jets: two E170s and two E190s. Air Costa is based out of Vijayawada, Andhra Pradesh. CEO, Embraer Commercial Aviation. Air Costa is currently connecting cities in southern India such as Bangalore, Chennai, Hyderabad and Vijayawada, as well as key secondary cities in the North and Northwest of the country.
