Brazilian company Embraer receives new order from Porter Airlines, Alaska According to Reuters


© Reuters. FILE PHOTO: The Embraer logo is painted during the European Business Aviation Conference & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. REUTERS / Denis Balibouse


By Gabriel Araujo

SAO PAULO (Reuters) – Brazilian Airlines Embraer SA (NYSE:) on Tuesday announced new aircraft orders from Porter Airlines and Alaska Air (NYSE 🙂 Group Inc while participating in the Farnborough Airshow in the UK.

Embraer said Canada-based Porter has ordered 20 more E195-E2 aircraft to support its expansion in North America, while Alaska has ordered eight new E175 aircraft for its Horizon subsidiary. Air of the airline in the region.

Porter’s deal adds to the company’s existing order of 30 aircraft and is worth $1.56 billion, bringing its total order with Embraer to 100 aircraft, including 50 company commitments. company and 50 purchase rights.

In 2021, Porter has ordered 30 Embraer E195-E2 jets, with the right to purchase an additional 50 planes, valued at $5.82 billion with all options exercised, Embraer noted in a statement. .

The Brazilian company said Alaska’s order for eight new jets also includes options for 13 more, the Brazilian company said, adding that the contract is worth $1.12 billion if options are taken into account.

“The E175 is the backbone of the US regional network,” said Embraer Commercial Aviation Director for the Americas, Mark Neely.

“While this market is currently under a lot of pressure, it is essential that carriers be able to provide these essential services.”

Porter’s first deliveries and commissioning are scheduled to begin in the second half of 2022, while Alaska’s planes are expected to be delivered over the next four years, starting in the second quarter of 2023. .

Embraer also announced in Farnborough its outlook for the next 20 years, saying it expects global air travel demand measured in Passenger Kilometers (RPK) to grow by 3.2% annually over the next five years. this period.

The forecast is roughly in line with last year’s estimate of 3.3% growth. The plane maker added it sees RPK returning to 2019 levels by 2024 as the industry recovers from a pandemic-related downturn.

Embraer, the world’s No. 3 aircraft manufacturer, behind only Boeing (NYSE: Co and Airbus SE (OTC:):), also said it expects global demand for new planes with up to 150 seats. will reach 10,950 in the next two decades, with such planes valued at $650 billion.

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