Conviasa Agrees to Buy 6 Embraer 190 Jets Valued at $271 Million

Embraer 190 Aircraft (Air France pictured)

Embraer announced today an agreement with Venezuela’s Conviasa Airlines for the sale of six Embraer 190 jets. The deal also includes 14 purchase options for the same aircraft model.

The value of the order, at list price, is USD 271.2 million, based on January 2012 economic conditions, and could total as much as USD 904 million, if all of the options to buy are confirmed. The first deliveries are scheduled to take place by the end of 2012.

“It is a great satisfaction to receive this order from Conviasa, the eleventh customer of the E-Jets family in Latin American and the Caribbean region, a market projected to grow an average of 7% per year over the next 20 years,” said Paulo Cesar Silva, President of Embraer, Commercial Aviation. “We are certain that the E190 will play an important role in increasing the quality and efficiency of air travel in Venezuela.”

“We consider the E190 jet to be a fundamental part of the process of renovating Conviasa’s fleet,” said César Martínez Ruiz, President of Conviasa. “These airplanes will allow us to increase connections on both domestic and international routes.”

This deal strengthens Embraer’s position as the absolute market leader in Latin America and the Caribbean, where it holds 75% of the commercial aviation market in the segment of jets up to 120 seats, compared to a worldwide average of 43%.

Conviasa’s new E190s will be comfortably configured with 104 seats, in a single-class layout. At present, the airline serves 14 domestic and nine international destinations.

Embraer

Image: Flickr [eisenbahner]