Embraer Wins Order for 10 Jets From Azul for $478 Million

Embraer SA (EMBR3), the world’s fourth- biggest planemaker, said it won an order for 10 E195 jets from Azul Linhas Aereas Brasileiras SA for a total list price of $478 million.

Delivery of the jets will begin in 2015, according to a regulatory filing.

The deal brings Embraer’s number of contracted jets to 62, of which 33 are already in operation, Embraer said.

Paulo Cesar de Souza e Silva, president of Embraer’s commercial aviation business, announced the deal to reporters today at the Singapore Airshow before the statement was published by Brazil’s securities regulator, CVM.

To contact the reporters on this story: Joyce Koh in Singapore at jkoh38@bloomberg.net; Katerina Petroff in Sao Paulo at kpetroff@bloomberg.net

To contact the editor responsible for this story: Telma Marotto at tmarotto1@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.