- Embraer ( NYSE: ERJ ) has received a firm order for 20 of its E195-E2 passenger jets from Porter Airlines, a regional airline in Toronto, Canada.
- The deal has a list price value of $1.56B. The first delivery to Porter and entry into service is scheduled in H2 2022. The Embraer E195-E2 has a capacity of 120-146 passengers. Porter will be the North American launch customer for Embraer's new E2 family of jets.
- With the latest order, Porter's orders with Embraer add up to 100 E195-E2 aircraft, with 50 firm commitments and 50 purchase rights. The airline had placed a firm order for 30 Embraer E195-E2 jets in 2021, with purchase rights for another 50 aircraft, worth US$5.82B at list price including all options.
- ERJ shares are up +7.03%
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Embraer bags order for 20 more passenger jets from Porter Airlines