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Embraer S.A. (NYSE:ERJ; B3:EMBR3) announced Tuesday that regional aircraft leasing company TrueNoord has placed a firm order for 20 new E195-E2 aircraft, with the agreement including purchase rights for up to 20 additional E195-E2 jets and up to 10 E175-E1 aircraft. The firm order is valued at $1.8 billion at list price.
According to a press release statement, this marks TrueNoord’s first direct order with an aircraft manufacturer. The agreement was signed in Amsterdam and disclosed in a filing with the U.S. Securities and Exchange Commission.
Anne-Bart Tieleman, CEO of TrueNoord, said, “This landmark agreement represents TrueNoord’s first direct order with an aircraft manufacturer.” Tieleman added that the order is a milestone for the company.
Arjan Meijer, CEO of Embraer Commercial Aviation, stated, “This first direct order from TrueNoord is a strong endorsement of the E2 family’s capabilities and success in the market, and a testament to the trust and collaboration between our teams.”
TrueNoord currently owns a fleet of more than 100 turboprop, regional jet, and crossover aircraft leased to over 30 operators in 24 countries. The company is headquartered in Amsterdam with offices in Dublin, London, and Singapore.
Embraer, based in Brazil, manufactures commercial and executive aircraft and provides after-sales services through a global network. Since its founding in 1969, Embraer has delivered over 9,000 aircraft.
The information in this article is based on a press release statement filed with the SEC.
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