Embraer Says Air France-KLM Placed Firm Order For 17 Regional Jets
March 30 2015 - 6:07AM
Dow Jones News
By Robert Wall
LONDON--Brazilian aircraft maker Embraer SA (EMBR3.BR) on Monday
said Air France-KLM (AF.FR) placed a firm order for 17 regional
jets with a list price of $764 million.
The deal also includes options for the Franco-Dutch airline
group to buy another 17 planes, which could boost the total value
of the deal to $1.5 billion at list price. Airlines typically get
discounts when they buy planes.
The firm order is for two E190 regional jets due for delivery
starting this year to KLM Cityhopper, a unit that operates on
shorter, regional routes. The airline will also get 15 ERJ175 jets
that will be handed over starting early next year, Embraer said in
a statement. KLM Cityhopper already operates both plane types.
The 17 jets for which the airline group took options could be
used either by KLM Cityhopper or by Air France's regional arm, the
plane maker said.
Write to Robert Wall at Robert.Wall@wsj.com
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