Finnair continues to optimize its narrow body fleet and has signed an agreement on the sublease of four Embraer 170 aircraft to Estonian Air. The sublease opportunity is in part made possible by Finnair’s continued work on network optimization and rationalization, and the company achieves considerable savings with this agreement. Fleet optimization is a part of Finnair’s savings program that targets annual savings of 140 million euros.

The sublease periods begin in the first quarter of 2012 and end during 2015. Finnair operates its narrow-body fleet in its domestic and European network.

Finnair announced on August 5, 2011 that it targeted decreases in its annual costs of 140 million euros by 2014. Finnair has already announced that it:

- optimizes its narrow body fleet by discontinuing the lease agreements of four Airbus A320 Series aircraft
- has transferred baggage and apron services to Swissport
- is evaluating the optimum size of its fleet in European air traffic
- has begun analyses of different alternatives to improve cost-efficiency of maintenance service
- continues to investigate partnership opportunities for catering production and Finncatering
- is streamlining its support functions and marketing and distribution activities
- has initiated, and is initiating, numerous smaller savings measures throughout the company.

EMBRAER DELIVERS 105 COMMERCIAL AND 99 EXECUTIVE JETS IN 2011
E-Jets sales, in 2011, grew 28% over 2010

Embraer delivered 32 commercial and 50 business jets during the fourth quarter of 2011 (4Q11), thus closing out the year with 105 delivered to the airline market and 99 to executive aviation. Regarding new deliveries, one of the highlights in 2011 was the sale of 124 commercial jets from the E-Jets family, which represents an increase of 28% over the results of 2010. At the end of the year, the firm order backlog stood at USD 15.4 billion.

Full press release with details on types, buyers, etc.

Embraer, São José dos Campos, Brazil, January 11, 2012

E190 provides greater connectivity and contributes to developing local aviation industry

Embraer delivered two EMBRAER 190 (E190) jets to China’s Hebei Airlines Co., Ltd., today, in a ceremony held at the Company’s headquarters in São José dos Campos, Brazil. The sale of these two E190s was confirmed this month, and the purchase of another eight jets is still subject to the Chinese government approval. Based in Shijiazhuang, the capital city of China’s Hebei Province, the E190s will be deployed to support establishing a hub network within Hebei Province, while also flying from Shijiazhuang to other provincial capitals, with more routes and frequencies.

“We welcome Hebei Airlines as the latest E-Jets operator, and we are honored that the E190’s operational characteristics have attracted the attention of the leaders of the Hebei Provincial Government, which we consider to be high recognition of our products,” said Paulo Cesar de Souza e Silva, President of Embraer Commercial Aviation. “The E190 is being well received by the marketplace, worldwide, for its outstanding economics, performance and comfort. We are confident that the E-Jets will support the market development of Hebei Airlines and play an important role in promoting local economic and aviation transport growth.”

“We are glad to take delivery of our first two E190s. The introduction of these jets during the Chinese 12th-five-year period (2011-2015) matches the company’s marketing strategy, and is one of our important initiatives in response to the State’s call to build China as a civil aviation powerhouse by improving the country’s regional aviation sector,” said Mr. Luo Zhanling, Vice Chairman of Hebei Airlines. “We will fully leverage the jets’ advantages in seat capacity and range performance to build a hub network. We hope that the two parties can work together to make our respective contributions to local civil aviation development and to promote economic and cultural exchange.”



To date, Embraer has logged 153 firm orders for commercial and executive jets from China, including 85 E190s. The Company has delivered 46 ERJ 145s, 55 E190s (counting the current two jets), and three executive jets. Embraer is the leader in China’s regional aviation market, holding a significant 76% share.

The E190 is the third of four members of Embraer’s E-Jets family. The E-Jets have achieved outstanding success, with over 1,000 firm orders and 800 jets in operation, worldwide. The 98- to 114-seat E190 allows flexible operations with a range of 4,450 kilometers (2,400 nautical miles), including low-cost services for low- and medium-volume markets. The jet is being used along with narrowbody aircraft, in accordance with time-of-the-day or seasonal passenger volume changes, to right-size fleets and to achieve significant trip cost savings. Additionally, it is also being used to develop new routes and to substitute old, inefficient jets. Besides economic efficiency and performance flexibility, comfort is another hallmark of the E190. Its double-bubble fuselage maximizes passenger cabin space with the widest seats and aisle among aircraft in its class. The no-middle-seat configuration and optional advanced in-flight entertainment system also contribute to a superior passenger experience.

​Embraer, Beijing, China, December 20, 2011

Asia’s leading aircraft leasing company makes first purchase of Embraer aircraft

Embraer and BOC Aviation, a Singapore-based aircraft leasing company, have signed a contract for the sale of fifteen EMBRAER 190 aircraft (E190). Deliveries are scheduled from the fourth quarter of 2012 through 2014.



BOC Aviation is Embraer’s newest aircraft leasing company customer. The E190 is particularly attractive to aircraft leasing companies for its operational versatility and proven adaptability to a wide range of airline business models around the world.

According to Paulo Cesar de Souza e Silva, Embraer President, Commercial Aviation, “the expertise, experience, and market penetration of BOC Aviation will provide our mutual airline customers with a wider range of financing opportunities as airlines continue to grow their E-Jet fleets. We are honored to have BOC Aviation as our newest partner in the E-Jet program and we look forward to working together and building this new relationship.”

Robert Martin, Managing Director and Chief Executive Officer of BOC Aviation, added “we see excellent potential for the E190 not only here in Asia where there is strong growth but also with airlines around the world that have discovered the importance of 100-seat aircraft capacity, both in developing new markets and complementing narrow-body operations with relevant economic gains. The E190 will allow us to expand the range of BOC Aviation products to customers in established and emerging markets.”

​Embraer, Singapore, November 22, 2011

EMBRAER AND CIT AEROSPACE SIGN AN AGREEMENT FOR UP TO 30 E-JETS

Leading U.S. leasing company includes the EMBRAER 190/195 in its portfolio

Embraer and CIT Group Inc., a global leader in transportation finance, have signed an agreement for the sale of up to 30 EMBRAER 190 and/or EMBRAER 195 jets, with ten firm orders. Deliveries are scheduled through 2015.



“Embraer is very pleased to have such an important lessor as CIT Aerospace joining the E-Jets program,” said Paulo Cesar de Souza e Silva, Embraer President, Commercial Aviation. “After more than 1,000 firm orders, spread over 60 operators in 40 countries, this investment by CIT is further confirmation that the E-Jets have achieved a high level of attractiveness for the top-tier investor community.”

CIT owns or finances a fleet of approximately 300 commercial aircraft. According to Jeffrey Knittel, President of Transportation Finance at CIT: “We are pleased to announce our first direct order with Embraer for the E190/E195 aircraft, which will enable CIT Aerospace to offer an even more diverse set of products to its customers. This order allows CIT Aerospace to continue to maintain one of the youngest and most technologically advanced fleets in the industry and will help us meet our customers’ increased demand for this size of aircraft.”

The E190 and the E195 are the two bigger models of the four-member E-Jets family of brand-new commercial jets that entered service, respectively in August 2005 and July 2006. The jets can be configured in one or two classes, seating from 98 to 122 passengers in a comfortable four-abreast (2-2), no-middle-seat configuration, and can fly up to 2,400 nautical miles (4,450 kilometers) nonstop.

​Embraer press release, Fort Lauderdale, Florida, USA, November 7, 2011