18 NOVEMBER 2019

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Article from BTNews 18 NOVEMBER 2019

KLM £2.5bn Embraer order

An amended agreement with Embraer for 21 E195-E2s, with an additional 14 purchase rights, worth up to $2.5bn at list prices, was signed by KLM last week. KLM’s original order was for 15 of the aircraft with 20 purchase rights.

Destined for KLM’s regional subsidiary KLM Cityhopper, all 21 of the firm order will be acquired via operating lease from Aircastle which is supplying 11 aircraft, and ICBC Aviation Leasing, providing 10.

KLM, Europe’s largest Embraer operator, signed a letter of intent for the order at this year’s Paris Airshow (BTN 24 June) but said last week the adjustment and confirmation represented its confidence in the refreshed E-Jet line.

President and CEO Pieter Elber said: “For KLM, this aircraft is a significant part of our commitment to improving our environmental impact. The E195-E2 is the most fuel efficient lowest emission aircraft in its class and the quietest by a big margin.”

Deliveries of the first E195-E2s configured with 132 seats will start in the first quarter of 2021, either to replace Cityhopper’s existing E190s and E170s or to pave the way for network expansion.

Embraer Commercial Aviation president and CEO John Slattery said: “With 30% lower emissions compared to KLM’s E190s, yet with a further 32 seats, the E195-E2 will increase capacity at slot-constrained Schiphol and deliver huge reductions in emissions.”

www.klm.com

www.embraercommercialaviation.com

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