Embraer Signs a Letter of Intent with NAC for Three E190 jets

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Jul 17, 2018, 16:06 ET

FARNBOROUGH, United Kingdom, July 17, 2018 /PRNewswire/ -- Embraer announced today, at the Farnborough Airshow 2018, that it has signed a Letter of Intent (LoI) with Nordic Aviation Capital (NAC) for three E190 aircraft. The deal has an estimated value of USD 156 million, based on Embraer's list prices. The order will be included in Embraer's backlog as soon as it becomes firm.

These new aircraft will join the existing 134 E-Jets currently owned by NAC.

Embraer is the world's leading manufacturer of commercial jets up to 150 seats. The Company has 100 customers from all over the world operating the ERJ and E-Jet families of aircraft. For the E-Jets program alone, Embraer has logged more than 1,800 orders and 1,400 deliveries, redefining the traditional concept of regional aircraft.

About Embraer

Embraer is a global company headquartered in Brazil with businesses in commercial and executive aviation, defense & security. The company designs, develops, manufactures and markets aircraft and systems, providing customer support and services.

Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. About every 10 seconds an aircraft manufactured by Embraer takes off somewhere in the world, transporting over 145 million passengers a year.

Embraer is the leading manufacturer of commercial jets up to 150 seats. The company maintains industrial units, offices, service and parts distribution centers, among other activities, across the Americas, Africa, Asia and Europe.

About Nordic Aviation Capital

NAC is the industry's leading regional aircraft lessor serving over 70 airline customers in 48 countries. The company provides aircraft to well-established carriers, such as British Airways, Air Canada, LOT, Azul, Lufthansa, Garuda, Flybe, Aeroméxico and airBaltic as well as major regional carriers including Air Nostrum and Widerøe.

NAC's current fleet of over 450 aircraft includes E170, E175, E190, E195, ATR 42, ATR 72, Bombardier Dash 8, CRJ900, CRJ1000 and CS300. In addition, the group has circa 50 aircraft on firm order. Visit www.nac.dk.

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