SAO PAULO--Embraer SA
signed a contract with Irish leasing company Aldus Aviation Ltd. for the
delivery of as many as 35 airplanes, the Brazilian plane maker said
Thursday.
The contract, which can
reach a value of up to $1.56 billion, includes a firm order for 20
airplanes--five ERJ 175 planes and 15 ERJ 190 planes--as well as the
option to buy another 15 planes in the family of E-jets, which seat 70
to 120 passengers, Embraer said in a regulatory filing.
The firm orders were
already included in the company's order backlog for the fourth quarter,
which reached $12.5 billion at the end of 2012, Embraer said. At the
time it published the firm orders, however, Embraer declined to identify
Aldus as the customer.
Aldus exclusively leases
Embraer-manufactured planes and has clients in Europe, the Middle East,
Australia, and Central and South America, according to the filing.
Embraer also announced
Thursday a $211 million contract with Brazil's air force to update five
surveillance planes, part of its effort to expand defense contracts as
commercial and executive aviation still struggles under a sluggish
global economy.
Source: http://www.marketwatch.com
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