Azul Announces Letter of Intent to Acquire 21 Embraer 195-E2 Aircraft
July 17 2018 - 10:52AM
Business Wire
Total orders for the aircraft type now at
51
Azul announces today a letter of intent to acquire 21 Embraer
195-E2 aircraft, increasing its total firm order of E2s to 51. The
announcement was made today at the Farnborough International
Airshow held in England. With deliveries starting in 2019, the
new aircraft will be configured with 136 seats, 15% more than the
current version. Combined with the significant fuel burn
improvement of the next generation aircraft, Azul expects to
operate the E-2s at least a 26% lower cost per seat than the
current generation Embraer jets operated by the airline. In
addition to the operating costs savings, the E2s have the same type
rating as the E1s, significantly lowering fleet transition and
pilot training costs.
"We are very happy to increase our order of E2s. Our Embraer
fleet has always been and will continue to be a critical part of
our network and fleet strategy. We are extremely excited by
the fleet transformation path that the airline is on, it is the
biggest part of our margin expansion plan moving forward. With the
need to replace all of our current generation E1 aircraft, 50% of
those in the next 5 years, this order guarantees that Azul will
have the newest, most fuel efficient fleet in the industry,
continually driving down unit costs,” says John Rodgerson, CEO of
Azul.
As Embraer’s largest E-195 operator, Azul will benefit from
favorable contractual conditions, including flexibility to adapt to
market growth opportunities.
About Azul
Azul S.A. (B3: AZUL4, NYSE: AZUL), the largest airline in Brazil
by number of cities served, offers 780 daily flights to 107
destinations. With an operating fleet of 118 aircraft and more than
10,000 crewmembers, the company has a network of 217 non-stop
routes as of June 30, 2018. Azul was awarded best airline in Latin
America by TripAdvisor Travelers’ Choice in 2017. The Company was
elected best regional carrier in South America for the eighth
consecutive year by Skytrax. Azul also ranked as most on-time
airline in Brazil and most on-time low-cost carrier in the Americas
in 2017 according to OAG's Punctuality League, the industry's most
comprehensive annual ranking of on-time performance. For more
information visit www.voeazul.com.br/ir.
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Azul S.A.Investor Relations:Andrea Bottcher, +55 11 4831
2880invest@voeazul.com.brorMedia Relations:Tel: +55 11 4831
1245imprensa@voeazul.com.br
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