Embraer and Azul Sign a Letter of Intent for Additional E195- E2 jets

Farnborough, United Kingdom, July 17, 2018 - Embraer and Azul Linhas Aéreas Brasileiras S.A. announced today, at the Farnborough AirShow 2018, a Letter of Intent for a firm order of 21 E195-E2 jets. This contract has a value of USD 1.4 billion. The order will be added to Embraer's order book as soon as the firm contract is completed.

This order is additional to an order for 30 E195-E2 jets signed by the airline in 2015, which will raise Azul's total order to 51 Embraer E2 aircraft. Azul is the launch operator of the E195-E2 and will receive the first aircraft in 2019.

“Azul is much more than a customer to us, they are a great business partner. Embraer has been with Azul from the time they launched the airline, so it's so important for us to continue collaborating to build its future,” said John Slattery, President & CEO, Embraer Commercial Aviation. “The E195-E2, the most advanced aircraft in its class, will enable Azul to further improve its operational performance, as well as allowing the company's current E-Jet pilots a smooth transition.”

“We are very happy to add to our E2’s orders. Our fleet of Embraer aircraft has always been and always will be fundamental to our fleet and network strategy. We are very pleased with our current fleet transformation process, the main vector of margin expansion in the next few years. Given that 50% of our E1s will be returned within the next five years, this new order ensures the replacement of these aircraft by fuel-efficient new generation aircraft, contributing to the continuous reduction of our unit costs,” said John Rodgerson, Azul’s CEO.

Embraer is the world’s leading manufacturer of commercial jets up to 150 seats. The Company has 100 customers from all over the world operating the ERJ and E-Jet families of aircraft. For the E-Jets program alone, Embraer has logged more than 1,800 orders and 1,400 deliveries, redefining the traditional concept of regional aircraft.