ILFC to order 25 Embraer E190-E2s, 25 E195-E2s and 50 Airbus A320neo aircraft

ILFC E195-E2 (Flt)(ILFC)(LRW)

International Lease Finance Corporation (ILFC) (Los Angeles), a wholly owned subsidiary of American International Group, Inc. (AIG), announced today that it signed a Letter of Intent (LOI), subject to final agreement, for the purchase of 50 E-Jets E2 aircraft from Embraer, including 25 E190-E2 and 25 E195-E2 (Next Generation). The deal also includes options for an additional 50 aircraft, and marks the introduction of the E-Jets Family to the company’s diverse aircraft fleet.

Deliveries of the new aircraft are expected to begin in January 2018 and complete in 2023. The E-Jets E2 are configured with new aerodynamically advanced wings, new engine, full fly-by-wire flight controls, and advancements in other systems, which will result in double-digit improvements in fuel burn, maintenance costs, emissions, and external noise.

In 2011, Embraer announced that it would focus its attention on developing revamped versions of the E-Jet family, rather than an all-new aircraft. The second generation is known as the “E2” against Bombardier’s CSeries.

Embraer made this announcement today at the Paris Airshow:

Embraer announced the launch of the second generation of its E-Jets family of commercial aircraft, named the E-Jets E2 and comprising three new airplanes – E175-E2, E190-E2, and E195-E2. The E190-E2 is expected to enter service in the first half of 2018. The E195-E2 is slated to enter service in 2019 and the E175-E2 in 2020.

“After more than a decade of success, the E-Jets have become a fixture in commercial airline fleets around the world,” saidFrederico Fleury Curado, Embraer S.A. President and CEO. “The launch of the E2 builds on our vision to offer leading-edge commercial jets with a capacity right-sized for 70 to 130 seats, seamless mainline comfort, and performance for flexible and efficient utilization by regional, low-cost, and network carriers.”

In a typical single-class layout, the E175-E2 was extended by one seat row, compared to the currentgeneration E175, and will seat up to 88 passengers, while the E190-E2 keeps the same size as the E190, of up to 106 seats. The E195-E2, compared to the current E195, has grown three seat rows and will accommodate up to 132 seats.

“Our strategy is to offer all the benefits of a clean-sheet design, but with the reliability of a mature platform and commonality with current generation E-Jets,” said Paulo Cesar Silva, President & CEO, Embraer Commercial Aviation, “We have been continually investing in the E-Jets program, so that our customers can stay competitive with aircraft that have the lowest operating costs and the highest passenger appeal, today and in the future. I’m confident that with our mature global support network, the compelling operating economics, and the benchmark cabins of the airplanes, both existing and prospective customers will recognize the benefits of the E-Jets E2.”

The application of advanced technologies for engines, wings, and avionics distinguishes the E-Jets E2 by providing airlines with maximum efficiency gains and no compromises, while maintaining commonality with current E-Jets. New aerodynamically advanced, high-aspect ratio, distinctively shaped wings, improved systems and avionics, including 4th generation full fly-by-wire flight controls, and Pratt & Whitney’s PurePower™ Geared Turbofan high by-pass ratio engines (PW1700G on the E175-E2, PW1900G on the E190-E2 and E195-E2) will result in double-digit reductions in fuel consumption, emissions, noise and maintenance costs, and increased aircraft availability. The E-Jets E2 will be capable of achieving similar costs per seat of larger re-engined narrowbody aircraft, with significantly lower costs per trip, thus creating new opportunities for lower risk development of new markets and fleet right-sizing by airlines.

Cockpit commonality with current generation E-Jets was a key driver in the design definition for a smooth transition for pilots who will fly the E2. Honeywell’s Primus Epic™ 2 advanced integrated avionics system with large landscape displays, advanced graphics capabilities, and Honeywell’s Next Generation Flight Management System (NGFMS), already in development with current-generation E-Jets, will provide exceptional pilot situational awareness and flexibility for continuous innovation on the flight deck.

Known for its comfortable and roomy cabins, with no middle seats, the E-Jets passenger experience will be further enhanced in the E2 generation. UK design firm Priestmangoode was contracted to jointly develop the aircraft cabin with Embraer. The interiors will establish a new benchmark in cabin design, improve the passenger experience, and deliver a more comfortable and improved environment, tailored to passengers’ needs, while maximizing airlines’ operational efficiency.

Other suppliers and partners for the E-Jets E2 have been announced previously: Liebherr (control systems for flaps and slats), Moog (fly-by-wire), Rockwell Collins (horizontal stabilizer control system), UTC Aerospace Systems (wheels, brakes, APU, electrical system), Intertechnique (engine and APU fuel feed, pressure refueling, fuel transfer, fuel tank inerting and ventilation, and fuel gauging and control), Crane Aerospace & Electronics (electronic control module for landing gear, brake control systems and proximity sensors), Triumph (fuselage segments, rudder and elevators) and Aernnova Aerospace (vertical and horizontal stabilizers).

Embraer estimates its total investments on the new E-Jets E2 models to be US$1.7 billion over the next eight years.

Embraer foresees a demand for 6,400 commercial jets with capacity of up to 130 seats, over the next 20 years. With more than 1,200 E-Jets orders, Embraer has achieved a 42% market share in its segment. Over 950 E-Jets have been delivered to date to 65 customers from 47 countries. Later this year, the 1,000th E-Jet will roll off the assembly line, nine years after the first aircraft entered revenue service.

In other news, ILFC has signed a firm contract for the purchase of 50 additional A320neo Family aircraft. The contract was announced today at the Paris Air Show by ILFC Chief Executive Officer, Henri Courpron and John Leahy, Airbus Chief Operating Officer, Customers.

ILFC was the first lessor to commit to the A320neo Family with a firm order placed in 2011 for 100 aircraft.  With this latest order, ILFC increases its total firm NEO order tally to 150. ILFC will make its engine selection for the aircraft at a later date. Including this latest contract, ILFC remains Airbus’ largest customer, having ordered a combined total of 769 single-aisle and widebody Airbus aircraft.

Images: Embraer.

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