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

Embraer SA, 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.

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