GECAS (GE Capital Aviation Services) has signed a contract with Embraer for six firm orders and six options of the Embraer ERJ 190, with the right to convert to the Embraerr ERJ 195. The total value of the deal, which will be included in Embraer’s fourth quarter of 2011 backlog, is $256.8 million, at list price, and could double, if all options are confirmed. Delivery of these aircraft will begin in the fourth quarter of 2012.
This new contract expands on the agreement for two Embraer ERJ 190 jets, announced last June during the Paris Air Show, which is included in Embraer’s third quarter of 2011 backlog. GECAS presently has 93 E-Jets of all models on lease with 15 airlines around the world, and its portfolio now comes to 101 E-Jets.