India's Air Costa Acquires three E-Jets
PARIS, June 18, 2013
PARIS, June 18, 2013 /PRNewswire/ -- Embraer S.A. (NYSE: ERJ; BM&FBOVESPA:
EMBR3) announced today, during the 50^th International Paris Air Show
(www.paris-air-show.com), at Le Bourget, France, that Air Costa of Vijayawada,
India, has acquired three E-Jets for launch of its scheduled regional airline
service in India. Two EMBRAER 170s have been arranged from ECC Leasing,
Embraer's wholly-owned subsidiary. The new carrier has also purchased one new
EMBRAER 190 from Embraer. The firm order is already included in Embraer's
backlog as an "undisclosed" customer.
"We are delighted that Air Costa has chosen the E-Jets for their operations.
The aircraft are sure to promote greater regional connectivity in India," said
John Slattery, Chief Commercial Officer (CCO), Embraer Commercial Aviation.
"Embraer has always maintained that the regional aviation market in India has
tremendous potential. Our E-Jets are the right sized aircraft for service
between secondary and tertiary markets which are underserved and, in fact,
growing faster than metro markets."
"Air Costa has chosen E-Jets for their efficiency and reliability. Our plan is
to link underserved markets in India with more direct flights," said Captain
Babu, CEO of Air Costa. "The E170 and E190 are ideal in size and range. We can
add frequencies and routes without adding too much capacity, thus serving
places with seasonal demand, as well as key secondary and tertiary business
Air Costa will initially connect 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.
"Regional services have a lot of potential in India especially as the economy
of South Indian cities is booming. We are committed to further growth in the
Indian market with additions to our fleet and launching new routes over the
medium term," said Ramesh Lingamaneni, Chairman and Managing Director of Air
Costa. "We are very pleased with the support that Embraer has provided to date
for the launch of our Air Costa and we look forward to a long successful and
mutually rewarding relationship."
Since 2004, Embraer has delivered over 950 E-Jets. Currently, 65 airlines in
47 countries have chosen this versatile family of 70 to 130 seat aircraft.
Embraer customers operate E-Jets in a variety of business models, including
mainline, charter, low-cost and regional airline applications. In Asia
Pacific, more than 200 Embraer commercial aircraft are now in service with
over twenty operators.
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SOURCE Embraer S.A.
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