Economics
Embraer Wins 150 Orders as ILFC, SkyWest Buy Newest Jets
This article is for subscribers only.
Embraer SA won orders for 100 upgraded regional jets from SkyWest Inc. and 50 from American International Group Inc.’s leasing unit, a boost for the planemaker’s strategy of refreshing its lineup instead of building an all-new aircraft.
The SkyWest purchase includes options for 100 more E175-E2 planes, which could bring the total to $9.36 billion. AIG’s International Lease Finance Corp. took 50 options. The orders were announced today at the Paris Air Show, along with an agreement from five undisclosed airlines for 65 Embraer planes.