Air Canada adds to Embraer order

Embraer has received a $420 million order from Air Canada for 15 Embraer 175 airliners, plus options for an additional 15 aircraft.

Embraer has received an order from Air Canada for 15 Embraer 175 airliners, plus options for an additional 15 aircraft, adding to its order placed earlier this year for 45 firm and 45 option Embraer 190 aircraft. Deliveries of the Embraer 175s are set to begin in July 2005.

At list price, the order for the 15 Embraer 175s is valued at $420 million, with a potential value of $840 million if all options are converted. With this formal purchase agreement, Air Canada becomes the first customer for the Embraer 175.

Air Canada signed an agreement in September for 45 Embraer 190s, plus options. Those aircraft will begin delivery in late 2005 following final certification, while Brazilian and US certification of the Embraer 175 is expected by the end of this year.

The Embraer 175s for Air Canada will be configured for 73 seats in dual-class configuration, with nine Executive Class seats and 64 Hospitality seats.

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