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Scandinavian Airlines (SAS) has agreed to purchase up to 55 Embraer (NYSE:ERJ; B3:EMBR3) E195-E2 aircraft, marking the airline’s largest direct jet order from a manufacturer since 1996. The agreement, announced Tuesday, includes a firm order for 45 aircraft and purchase rights for an additional 10, with a total order value of approximately $4 billion excluding purchase rights.
According to the press release, the first deliveries are scheduled to begin in late 2027 and will continue over a period of about four years. The new aircraft are intended to support SAS’s long-term fleet renewal strategy, focusing on operational efficiency and lower emissions.
SAS President and CEO Anko van der Werff stated, “The Embraer E195-E2 is a world-class aircraft, combining outstanding performance with excellent fuel efficiency and comfort. This aircraft is key to enabling future growth and improved connectivity across Scandinavia and beyond.”
Embraer Commercial Aviation President and CEO Arjan Meijer said, “We are thrilled to deepen our partnership with SAS through this landmark deal. The E2 is the quietest single aisle jet available today—29% more fuel efficient and with a 62% reduction in noise footprint over the previous generation jet.”
The E195-E2 aircraft will be powered by Pratt & Whitney’s PW1900G GTF engines. Embraer noted that the E2 family has been tested with 100% sustainable aviation fuel (SAF) and is being certified for future operations with 100% SAF. Currently, blends of up to 50% SAF are possible.
This order is expected to help SAS optimize its operations and expand its network across Scandinavia and Europe. The deal was facilitated with the support of Skyworks (NASDAQ:SWKS) Holding.
SAS was recently ranked as the world’s most punctual airline for April and May 2025, according to data from Cirium.
All information in this article is based on a press release statement filed with the Securities and Exchange Commission.
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