Monday, July 19, 2010

Farnborough 2010: More E-Jets for Azul and Trip

Farnborough has just started. And it didn’t take long before orders were announced. Among the airlines announcing new orders were two Brazilian carriers: Azul and Trip.

Neeleman’s Azul confirmed a deal for an additional five Embraer 195 jets to be delivered later this year. According to Embraer, the order had already been placed in the second quarter and is, at list prices, valued at USD 211 million. Mind you this is an entirely new order which has nothing to do with the original one placed back in 2008. With this new order, Azul’s total backlog with Embraer now stands at forty one firm orders, twenty options and twenty purchase rights (total 81).

Meanwhile regional carrier Trip has converted two options (out of ten) of its original order dating back to June 2008 and ordered two Embraer 190. At list price converted order is valued at USD 80 million. The airline currently operates five Embraer 175 and still has eight outstanding options with purchase right for another fifteen E-Jets.

This was just day 1 at Farnborough… Tomorrow will certainly prove to be interesting – bear in mind that we it’s very likely we’ll be seeing more from news Azul.

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